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Nanogate AG: Glazing centre of excellence completed ahead of schedule - Capacities more than doubled

NANOGATE AG / Key word(s): Miscellaneous

05.12.2014 10:45

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Nanogate AG: Glazing centre of excellence completed ahead of schedule -
Capacities more than doubled

Persistently strong demand for Nglaze components - Further orders expected
for plastic components with glass-like properties - Investment course
maintained

Göttelborn, Germany, 5 December 2014. Nanogate AG (ISIN DE000A0JKHC9), a
leading international integrated systems provider for high-performance
surfaces, has completed the expansion of its centre of excellence for
glazing applications sooner than anticipated. The full projected monthly
output is now being achieved following a start-up phase. The additional
production line will more than double the production capacities for plastic
components with glass-like properties (glazing components). Expansion began
in January 2014, with an original completion date during the first quarter
of 2015. The expansion of capacities now enables Nanogate to handle the
glazing orders awarded over the past few months and to gradually put them
into mass production. In view of the strong demand, high level of
utilisation and more expected orders in both strategic growth areas,
Nanogate is maintaining its course of investment.

According to Ralf Zastrau, CEO of Nanogate AG, "Our innovative plastic
components under the Nglaze brand are becoming ever more standard with both
car manufacturers and also in applications such as high-quality kitchen
appliances. Glazing components create competitive advantages and
differentiation. Increasingly, end customers are demanding new functions
such as scratch-proofing combined with new designs, so we can expect more
glazing orders in the short and medium term. Given the strong order base,
Nanogate is now benefiting from the second production line, which also
works more efficiently than our previous facility. The significant
investment we have made in capacity expansion and the enlargement of the
technology portfolio provide the basis for further profitable growth, even
if write-downs may affect the margin in the short term. Today's investment
in both strategic growth areas will pay dividends in the medium and long
term. The good operational development at present is confirmation of the
Group's strategic alignment. Furthermore, Nanogate will also continue to