Nexam Chemical and Diab enter into supply agreements for 2020-2021
03/18/2020
Nexam Chemical signs supply agreements with Diab, one of the four largest manufacturers of high performance foam in the world. Nexam Chemical supports Diab’s production in Europe, North America and Asia. The total sales value amounts to between 100 and 120 million SEK for the current years.
– This is a very important event in Nexam Chemical’s history, says Johan Arvidsson, CEO of Nexam Chemical. We have reached a very important milestone, which also enables us to feel great confidence, well beyond 2021”, continues Johan Arvidsson.
The agreement covers the delivery of Nexam Chemical’s property-enhancing additive NEXAMITE®, which is part of Diab’s PET foam products, which is used by wind mill producers. The total wind power market is in a strong growth and the PET usage in wind mill blades is expected to increase sharply in the coming years.
– There is currently a challenging market situation. Therefore, it feels very nice to be able to announce this now. For Nexam Chemical, the collaboration with Diab and the volumes this generates are very important for our development in the Performance Chemicals area, ”says Johan Arvidsson.
Nexam Chemical has previously reported intensified work with Diab. This started in 2015 with the aim of developing a high performance PET foam containing NEXAMITE® technology. The product development was successful and in 2019 the collaboration generated growing business that now can be quantified for 2020 and 2021.
For more information, please contact:
Johan Arvidsson, CEO, +46-708 97 44 39, johan.arvidsson@nexamchemical.com
This information is information that Nexam Chemical Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on March 18, 2020.