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Nexam Chemical receives its first industrial order regarding product for modification of plastic pipes.

2015-09-23

Nexam Chemical has received its first industrial order regarding modification of polyethylene (PE) for pipe manufacturing. The order value is approximately 700,000 SEK and will be delivered in steps over the coming quarters.

"From a financial perspective, this is of course a small order, but for Nexam Chemical it is a breakthrough in a significant and global market. This order confirms that our products are able to improve the process in pipe manufacturing on an industrial scale and that we are adding new features that increase efficiency, productivity and profitability for our customers. Strengthened by this success, we now increase our sales efforts towards other pipe manufacturers and expect more orders to come." says Nexam Chemicals CEO Anders Spetz.

Note: This press release has been translated from Swedish. The Swedish text shall govern for all purposes and prevail in case of any discrepancy with the English version.

For further information please contact:

Anders Spetz, CEO, +46-703 47 97 00, anders.spetz@nexamchemical.com

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About Nexam Chemical

Nexam Chemical develops technology and products that make it possible to significantly improve the production process and properties of most types of plastics in a cost-effective manner and with retained production technology. The improved properties include strength, toughness, temperature and chemical resistance as well as service life. The improvements in properties that can be achieved by using Nexam Chemical's technology make it possible to replace metals and other heavier or more expensive materials with plastics in a number of applications. In applications where plastic is already used, Nexam Chemicals products can improve the manufacturing process, reducing material use and enable more environmental friendly alternatives. Example of commercial applications: pipe manufacturing, foam production and high-performance plastics. More information about the business will be found on www.nexamchemical.com. The company´s Certified Adviser is Remium Nordic AB.

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