02.08.2016 17:58:48
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DGAP-Ad hoc: Nabaltec AG
DGAP-Adhoc: Nabaltec AG: US subsidiary Nashtec LLC affected by the plant closure of its most important supplier; supply of Nashtec customers ensured
As a result, Nashtec LLC will lose its supplies of raw materials as well as its access to infrastructure and will therefore have to temporarily halt production in September. The plan is for Nashtec LLC to continue to operate in the future based on a stand-alone solution, but this requires the agreement of the joint venture partner as well as implementation of an investment package which is already planned.
Customers which have been supplied through Nashtec until now will continue to be supplied by Nabaltec AG from its Schwandorf site, using the capacity which has been added in recent months, so that there will no interruption in supply. As a result, significant revenue losses are not to be expected. However, factors may arise which could weigh down earnings; the precise amount of these potential losses cannot be stated at this time. Because of Sherwin Alumina's Chapter 11 bankruptcy procedure, Nabaltec has refrained from issuing a revenue and earnings forecast for 2016.
Contact: Marina Fuchs Nabaltec AG Phone: +49 9431 53-205 Fax: +49 9431 53-203 E-mail: mfuchs@nabaltec.de
Frank Ostermair Better Orange IR & HV AG Phone: +49 89 8896906-14 Fax: +49 89 8896906-66 E-mail: frank.ostermair@better-orange.de
02.08.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
--------------------------------------------------------------------------- Language: English Company: Nabaltec AG Alustraße 50-52 92421 Schwandorf Germany Phone: +49 9431 53-0 Fax: +49 9431 53-260 E-mail: info @nabaltec.de Internet: www.nabaltec.de ISIN: DE000A0KPPR7, DE000A1EWL99 WKN: A0KPPR, A1EWL9 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Nabaltec AG / Key word(s): Miscellaneous
02.08.2016 17:58
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Nabaltec AG: US subsidiary Nashtec LLC affected by the plant closure of its
most important supplier; supply of Nashtec customers ensured
Schwandorf, 2 August 2016 - Sherwin Alumina Company, LLC, which supplies
raw materials to the Nashtec LLC joint venture, announced in a press
release on 1 August 2016 that it plans to discontinue production.
Production is to be discontinued through the end of August 2016.
As a result, Nashtec LLC will lose its supplies of raw materials as well as its access to infrastructure and will therefore have to temporarily halt production in September. The plan is for Nashtec LLC to continue to operate in the future based on a stand-alone solution, but this requires the agreement of the joint venture partner as well as implementation of an investment package which is already planned.
Customers which have been supplied through Nashtec until now will continue to be supplied by Nabaltec AG from its Schwandorf site, using the capacity which has been added in recent months, so that there will no interruption in supply. As a result, significant revenue losses are not to be expected. However, factors may arise which could weigh down earnings; the precise amount of these potential losses cannot be stated at this time. Because of Sherwin Alumina's Chapter 11 bankruptcy procedure, Nabaltec has refrained from issuing a revenue and earnings forecast for 2016.
Contact: Marina Fuchs Nabaltec AG Phone: +49 9431 53-205 Fax: +49 9431 53-203 E-mail: mfuchs@nabaltec.de
Frank Ostermair Better Orange IR & HV AG Phone: +49 89 8896906-14 Fax: +49 89 8896906-66 E-mail: frank.ostermair@better-orange.de
02.08.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
--------------------------------------------------------------------------- Language: English Company: Nabaltec AG Alustraße 50-52 92421 Schwandorf Germany Phone: +49 9431 53-0 Fax: +49 9431 53-260 E-mail: info @nabaltec.de Internet: www.nabaltec.de ISIN: DE000A0KPPR7, DE000A1EWL99 WKN: A0KPPR, A1EWL9 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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