DGAP-News: Nabaltec AG: Formation of Nabaltec (Shanghai) Trading Co., Ltd. and realignment of operations in China and East Asia

Formation of Nabaltec (Shanghai) Trading Co., Ltd. and realignment of operations in China and East Asia

Schwandorf, 25 October 2018 - Nabaltec AG has formed Nabaltec (Shanghai) Trading Co., Ltd., with registered office in Shanghai, China. The company is a wholly-owned subsidiary of Nabaltec AG. Mr Hank Xue, a longstanding employee at this location, has been appointed managing director and will manage relationships with customers in China.

"This is the logical next step in the expansion of our operations in China. The electric vehicles sector above all, where our boehmite is used for separator films in lithium ion batteries, requires an increased presence in this key market, as well as shorter delivery times, and maintaining in-country warehouses will allow us to meet this need," said Johannes Heckmann, CEO of Nabaltec AG.

With this move, coming after the formation of Nabaltec Asia Pacific K.K. in Japan and the restructuring of the US subsidiaries Nashtec LLC and Naprotec LLC under the umbrella of Nabaltec USA Corporation, Nabaltec AG is sending a clear and distinct message to its customers and business partners that it plans to further strengthen and extend its business relationships in China as well.

With the measures it has taken in recent months, Nabaltec AG has an ideal presence in the geographical regions of greatest importance to the company: Europe, North America and Asia, as well as top-notch access to the Chinese market.

About Nabaltec AG:
Nabaltec AG, with registered office in Schwandorf, a chemicals business which has received multiple awards for innovativeness, manufactures, develops and distributes highly specialized products based on aluminum hydroxide and aluminum oxide on an industrial scale through its two product segments, "Functional Fillers" and "Specialty Alumina." The company's product range includes halogen-free flame retardant fillers and functional additives for the plastics industry. Flame retardant fillers are used e.g. in cables in tunnels, airports, high-rise buildings and electronic devices, while additives have applications in catalysis and in electric vehicles. Nabaltec also produces specialty oxides for use in technical ceramics and the refractory industry. Unlike halogenated flame retardants, flame retardant fillers contain no hazardous substances and do not require separate disposal. Rather, they actually decrease the development of fumes hazardous to human health and the environment in the event of fire. Nabaltec maintains production sites in Germany and the US and plans to continue to develop its market position by expanding capacity, further optimizing processes and quality and making strategic extensions to its product range. On the strength of its specialty products, the company strives to attain the market leadership in each segment.

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