DGAP-News: Nabaltec AG / Key word(s): Miscellaneous
Nabaltec AG: US company Naprotec LLC acquires land and buildings
Schwandorf, 2 August 2018 - After concluding a due diligence review, the newly formed US company Naprotec LLC acquired land and buildings in Chattanooga, Tennessee, in the US, effective 27 July 2018. Naprotec LLC is a wholly-owned subsidiary of Nabaltec USA Corporation. Both companies were formed in connection with the realignment of the US business and both are members of Nabaltec Group. Current plans call for construction of a production facility for refined hydroxides with a capacity of around 30,000 tons per year by mid-2019. Nabaltec expects the project to have a positive impact on consolidated earnings one year after the new US plant goes online.
About Nabaltec AG:
|Phone:||+49 9431 53-0|
|Fax:||+49 9431 53-260|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|