Brief: Nabaltec says US unit affected by plant closure of its most important supplier
02/08/2016 16:58
Aug 2 (Reuters) - Nabaltec AG NTGG.DE :
* US subsidiary Nashtec LLC affected by the plant closure of
its most important supplier; supply of Nashtec customers ensured
* Sherwin Alumina Company, LLC, announced on Aug. 1, 2016
that it plans to discontinue production
* Production is to be discontinued through end of August
2016
* As a result, Nashtec LLC will lose its supplies of raw
materials as well as its access to infrastructure and will
therefore have to temporarily halt production in September
* Because of Sherwin Alumina's Chapter 11 bankruptcy
procedure, Nabaltec has refrained from issuing a revenue and
earnings forecast for 2016
Source text for Eikon: ID:nEQ9K9W8na
Further company coverage: NTGG.DE
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