Chemical
Nabaltec expands boehmite production capacity at its Schwandorf site
Commissioning is slated for the second half of 2023
- By ICN Bureau
| December 29, 2021
Nabaltec AG is expanding its production capacities for boehmite at the Schwandorf site by investing an amount in the mid double-digit million range.
Production output will be more than doubled from 10,000 to 25,000 tons per year. Commissioning is slated for the second half of 2023.
"With the Supervisory Board's approval of this forward-looking project, we are in a position to consistently meet the rapidly increasing growth in the lithium ion battery market, financially a key market for us," said Johannes Heckmann, CEO of Nabaltec AG.
Boehmite is an important component for the coating of separator films in lithium ion batteries and serves as a thermostabilizer among other things.
The company foresees strong, growing demand for electric cars based on lithium ion technology over the next five years. This expectation is supported by the course of the automotive industry in Europe, with its increasing focus on the manufacture of electrically powered vehicles.
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