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Nexam Chemical receives additional order of SEK 10 million for the manufacturing of PET-foam

11/21/2018

Nexam Chemical has received an order of about SEK 10 million from one of the largest manufacturers of PET-foam. This is the largest single order ever received in Nexam Chemicals history. The product, a pre-mixed masterbatch, will be used for the customers production of high performance PET-foam. The order will be delivered during the first half of 2019.

“We are very happy that our customer now returned with an additional order of the pre-mixed masterbatch that we offer. The order is yet another confirmation that we can manufacture and deliver a high quality masterbatch for the production of high performance PET-foam. We are looking forward to further develop our collaboration and add new masterbatch products from our extensive portfolio,” says Anders Spetz, CEO of Nexam Chemical. 

Nexam Chemical develops and manufacture property enhancing additives under the brand NEXAMITE®. NEXAMITE® is delivered in a pre-blended mix, a so-called masterbatch. Through masterbatch, NEXAMITE® can be added to customers’ existing production equipment, which simplifies the production process and ensures a high and stable product quality. Nexam Chemical cooperates with three of the four largest producers of PET-foam in the world. PET-foam are used in for example the turbine blades of windmills, in building constructions, light weight bodies on trucks, railway applications etc.

Note: This press release has been translated from Swedish. The Swedish text shall govern for all purposes and prevail in case of any discrepancy with the English version.

For further information please contact:

Anders Spetz, CEO, +46-703 47 97 00, anders.spetz@nexamchemical.com 

This information is information that Nexam Chemical Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on November 21, 2018.

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About Nexam Chemical

Nexam Chemical develops technology and products that make it possible to significantly improve the production process and properties of most types of plastics in a cost-effective manner and with retained production technology. The improved properties include strength, toughness, temperature and chemical resistance as well as service life. The improvements in properties that can be achieved by using Nexam Chemical's technology make it possible to replace metals and other heavier or more expensive materials with plastics in a number of applications. In applications where plastic is already used, Nexam Chemicals products can improve the manufacturing process, reducing material use and enable more environmental friendly alternatives. Example of commercial applications: pipe manufacturing, foam production and high-performance plastics. More information about the business will be found on www.nexamchemical.com. The company´s Certified Adviser is FNCA Sweden AB.

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