Nexam Chemical Secures Increased Credit Facility to Drive International Growth
Nexam Chemical, a leader in innovative additives that enhance the properties and performance of polymers, today announces that its credit facility has been increased from 20 MSEK to 25 MSEK, with the support of EKN (Exportkreditnämnden / The Swedish Export Credit Agency). The extended financing will enable the company to further strengthen its position on the global market and support its future international growth ambitions.
"This increase in our credit facility, made possible through EKN’s backing and granted thanks to our stable financial position over a longer period of time, is an important step for Nexam Chemical as we continue to expand our business globally. The support further reinforces our solid financial foundation and provides us with the flexibility to seize new opportunities in international markets," says Ronnie Törnqvist, CEO of Nexam Chemical.
Nexam Chemical's products are used worldwide to improve performance and sustainability in various applications, including advanced recycling, lightweighting, and energy efficiency. With this enhanced financial flexibility, the company aims to accelerate its efforts to meet growing demand for its solutions in key markets globally, with international growth as a cornerstone of its strategy.
The collaboration with EKN, a Swedish government agency specializing in promoting Swedish exports, reflects confidence in Nexam Chemical's ability to contribute to sustainable development and competitiveness on a global scale.
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
This information is insider information that Nexam Chemical Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr. 596/2014). The information was submitted for publication by the company at 13:30 CET on 28th of January 2025.
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 Bergs Securities AB. Bergs Securities AB can be reached at info@bergssecurities.se or by phone +46-8 408 933 50.
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