Breakthrough for Nexam Chemical within PET-foam – receives order of SEK 5.7 million for production of high volume products
Nexam Chemical has received an order of about SEK 5.7 million from one of the largest manufacturers of PET-foam. The product, a pre-mixed masterbatch, will be used for the customers production of high performance PET-foam. The products will be delivered during the fourth quarter and during the first quarter 2019.
“We have for some time collaborated with our customer, one of the four largest manufacturers of PET-foam in the world and delivered masterbatch in smaller quantities. We are very happy that the customer now increases their volumes of our product to manufacture it´s high performance PET-foam. We look forward to our continued cooperation to further develop the business,” 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, email@example.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 September 21, 2018.
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.