Nabaltec - Record FY17 performance

Nabaltec achieved extremely strong earnings growth in FY17, despite the drag on revenue growth and margins caused by the temporary shutdown of the US production facility for aluminium hydroxide flame retardants, Nashtec, in August 2016 when its main supplier (and JV partner) went into administration. Management secured the remaining stake in Nashtec in March 2017, enabling it to move forward with plans to re-open an enlarged facility in Q218. It also plans to construct production facilities for refined hydroxides and boehmite in the US, thus opening up additional applications for flame retardants as well as entering the e-mobility sector.