07.08.2018
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DGAP-News: AlzChem Group AG: AlzChem to start own Creamino(R) distribution on January 1, 2019
DGAP-News: AlzChem Group AG / Key word(s): Miscellaneous
AlzChem Group AG: AlzChem to start own Creamino(R) distribution on January
1, 2019
07.08.2018 / 14:49
The issuer is solely responsible for the content of this announcement.
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AlzChem to start own Creamino(R)1 distribution on January 1, 2019
* Strategic step to further develop the fast-growing product
* EUR 50 million in investments planned to triple production capacities by
mid-2019
* Customer advantage through one-stop service
Trostberg, August 7, 2018 - As of January 1, 2019, AlzChem will begin
marketing Creamino(R) worldwide through its own distribution. Exclusive
cooperation with Evonik will cease on December 31, 2018, allowing AlzChem to
offer customers complete services from a single source spanning production
to sales.
The restructuring of global marketing will take place parallel to the
significant expansion of capacity for Creamino(R) currently being advanced
at the Trostberg site. AlzChem is investing a total of EUR 50 million in a
new production plant for the feed additive and intends to triple its
capacities by mid-2019 in order to meet constantly increasing demand.
Ulli Seibel, Chairman of the Executive Board of AlzChem Group AG:
"Creamino(R)
was developed by AlzChem between 2005 and 2009. Our goal is to further
increase value creation within the company through our own sales activities
and strategically develop this fast-growing product. In the future, AlzChem
will intensify its cooperation with customers with its own sales team and
select sales partners while opening up further fields of application in
animal nutrition. Creamino(R) exemplifies AlzChem's strategy to focus on
high-quality specialty chemicals, benefitting from megatrends such as global
population growth."
Creamino(R) is a feed additive that the body processes into its own creatine
once absorbed by animals. Creamino(R) therefore provides additional energy
for healthy growth. This allows farms to reduce the total amount of feed
they need. The use of Creamino(R) can therefore lead to cost savings for
livestock farmers and to an overall reduction of the ecological footprint of
feed production and transport.
About AlzChem Group AG
AlzChem Group AG is a vertically integrated manufacturer of various chemical
products based on the NCN chain. These are products with typical
nitrogen-carbon-nitrogen bonding that are used in a wide variety of
different industries. The company has a leading position in select niche
markets, including the markets for feed additives and food supplements. The
strategic focus of growth and the main focus of its extensive research and
development are on the business segment Specialty Chemicals. The company has
around 1,500 employees at four sites in Germany and three other sites
abroad.
1Creamino(R) is a brand of Evonik Industries AG.
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07.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: AlzChem Group AG
Dr.-Albert-Frank-Str. 32
83308 Trostberg
Germany
Phone: +498621862888
Fax: +49862186502888
E-mail: [email protected]
Internet: www.alzchem.com
ISIN: DE000A0AHT46
WKN: A0AHT4
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Stuttgart
End of News DGAP News Service
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