DGAP-News: AlzChem Group AG / Key word(s): Expansion
Trostberg, November 5, 2020 - AlzChem Group AG, a vertically integrated specialty chemicals supplier with a leading market position in selected niche markets, consistently continues its growth and investment strategy even in the current environment. Due to the continuing high level of market demand, nitrile production will be expanded by up to 50% by the second quarter of 2021. The investment volume amounts to approximately EUR 12 million. The currently available capacities had only been expanded as of July 2019 and quickly reached 100% capacity.
Andreas Niedermaier, CEO of AlzChem Group AG: "Our nitrile business has shown stable growth rates for several years and we are convinced that this development is sustainable. The current market demand will continue to significantly exceed our new total capacities. This gives us a high degree of planning security, as do our customer contracts, some of which are long-term. Supported by these positive market dynamics, we continue our proven strategy of making very targeted investments and actively manage our growth. This is particularly important in the current environment."
05.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
AlzChem Group AG
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Stuttgart
EQS News ID:
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