Brief: Nabaltec Reorganizes Its Southeast Asia Business

Nabaltec AG

04/04/2022 11:04

April 4 (Reuters) - NABALTEC AG  NTGG.DE :
    * REORGANIZES ITS SOUTHEAST ASIA BUSINESS
    * WILL RESTRUCTURE ITS BUSINESS ACTIVITIES IN GROWING MARKET
FOR
SEPARATOR FILMS IN LITHIUM ION BATTERIES IN ORDER TO FURTHER
SHARPEN ITS PROFILE IN MARKET AND TO STRENGTHEN TIES WITH
CUSTOMERS AND DISTRIBUTION PARTNERS
    * COMPANY IS THUS IMPLEMENTING ITS ANNOUNCED EXPANSION PLANS
AND
STRENGTHENING ITS COMMITMENT TO GROWTH MARKET FOR BOEHMITE IN
RANGE OF BATTERY APPLICATIONS
    * SUBSIDIARY NABALTEC ASIA PACIFIC K.K. WILL NO LONGER BE
ABLE TO
PLAY ITS ORIGINALLY STRONG ROLE IN THIS RESTRUCTURING PROCESS
    * MANAGEMENT HAS DECIDED NOT TO CONTINUE COMPANY AND TO
DISSOLVE
IT

Source text for Eikon:  ID:nEQ2M4rMZa 
Further company coverage:  NTGG.DE 

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