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IBU-tec advanced materials AG: IBU-tec: Subsidiary BNT Chemicals back on track for full delivery and recovery after fire

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DGAP-News: IBU-tec advanced materials AG / Key word(s): Miscellaneous
22.09.2020 / 10:11
The issuer is solely responsible for the content of this announcement.

IBU-tec: Subsidiary BNT Chemicals back on track for full delivery and recovery after fire

- Tin catalysts are now available again for customers

- Break used as an opportunity: BNT expands product and service portfolio

- Processes at BNT Chemicals to be more efficient and sustainable in the future

Weimar, 22 September 2020 - IBU-tec advanced materials AG ("IBU-tec", ISIN: DE000A0XYHT5) is pleased to announce that its subsidiary BNT Chemicals is now able to supply all of its products again after the fire in one of its production areas on the 29/12/2019. The national and international customers can now obtain the products DBTO, DBTL, DBTA, DOTO and DOTL in desired quantities from the IBU-tec Group. These tin catalysts are used in numerous industrial production processes and represent a major revenue driver for BNT Chemicals.

The reconstruction of the affected areas at BNT Chemicals has not yet been fully completed, as IBU-tec is consistently adapting its production facilities, capacities and product range to current market requirements, as part of its strategic alignment. This is accompanied by even more efficient, sustainable and environmentally friendly processes at BNT. After the noticeable consequences of the fire, BNT Chemicals is now on a clearly visible recovery course.

Ulrich Weitz, CEO of IBU-tec: "We have used the break caused by the fire and Covid-19 at BNT as an opportunity. In response to the high demand from the pharmaceutical and glass coating industries, we will also be adding further specialty catalysts to our product portfolio in the future and are expanding our service portfolio in wet chemistry. This will make BNT Chemicals stronger than ever before."

About IBU-tec

The IBU-tec Group develops and produces innovative materials of the highest quality for the industry. It combines unique, partly patent-protected thermal process engineering, with the process and material know-how of around 250 highly qualified employees.

The products are important components of battery materials for electric mobility and stationary energy storage, as well as solutions for air purification, resource conservation or the reduction of plastic packaging. IBU-tec is thus in a long-term position to respond to global megatrends, especially in the fields of climate and environmental protection. It has an international customer base ranging from innovative medium-sized companies to global corporations.

Further information can be found online at www.ibu-tec.de.

 

Contact

edicto GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42-44
60322 Frankfurt
Tel. +49 (0) 69-905505-52
E-Mail: IBU-tec@edicto.de

IBU-tec advanced materials AG
Max Narr
Hainweg 9-11
99425 Weimar
Tel.+49 (0) 151 67955683
E-Mail: max.narr@ibu-tec.de


22.09.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:

English

Company:

IBU-tec advanced materials AG

Hainweg 9-10

99425 Weimar

Germany

Phone:

+49 (0)3643 - 8649-0

Fax:

+49 (0)3643 - 8649-30

E-mail:

mail@ibu-tec.de

Internet:

www.ibu-tec.de

ISIN:

DE000A0XYHT5

WKN:

A0XYHT

Indices:

Scale 30

Listed:

Regulated Unofficial Market in Frankfurt (Scale), Tradegate Exchange

EQS News ID:

1134773


 

End of News

DGAP News Service

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