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Nabaltec: Naprotec LLC Acquired Land and Buildings

Thursday, September 20, 2018

After concluding a due diligence review, the newly formed US company Naprotec LLC acquired land and buildings in Chatta­nooga, Tennessee/US, effective 27 July 2018. Naprotec LLC is a wholly-owned subsidiary of Nabaltec USA Corporation.

Both companies were formed in connection with the realignment of the US business and both are members of Nabaltec Group/DE. Current plans call for construction of a production facility for refined hydroxides with a yearly capacity of around 30 000 t by mid-2019. Nabaltec expects the project to have a positive impact on consolidated earnings one year after the new US plant goes online.