Nexam Chemical announces significant increase in order volumes from Sumitomo Bakelit
Nexam Chemical, a leading innovator in the field of high-performance additives for plastics is pleased to announce a substantial increase in order volumes from Japanese partner Sumitomo Bakelit. The confirmed order volumes have risen from 2 MSEK per annum to 6 MSEK per annum. This increase aligns with the volume projections announced in 2022, reinforcing Nexam's strong foothold in the High Performance segment.
Nexam Chemical's relationship with Sumitomo Bakelit began already back in 2013, starting with small-scale commercial orders following initial verification. The partnership has grown steadily, with Sumitomo Bakelit utilizing Nexam's products in temperature-resistant lacquer for microprocessors. This growth signifies the strength and reliability of Nexam Chemical's innovative solutions in high-performance applications.
“We are thrilled to see our relationship with Sumitomo Bakelit evolve and expand,” says Henrik Bernquist, Business Manager at Nexam Chemical. “This increase in order volumes not only validates our previous projections but also highlights the trust and confidence that industry leaders have in our products.”
As a cleantech company, Nexam Chemical remains committed to innovation and sustainability, continually developing cutting-edge solutions that drive the circular economy. The family of additives used by Sumitomo for high temperature resistant laquers are currently garnering increased interest among producers of metal wires for electric motors, supporting the global megatrend towards increasing electrification.
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 more information, please contact:
Ronnie Törnqvist, VD, +46-706 25 41 85, ronnie.tornqvist@nexamchemical.com
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. FNCA Sweden AB can be reached at info@fnca.se or by phone +46-8 528 00 399.
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