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Nanogate driving international growth forward - Strong foreign business expected for 2016
NANOGATE AG / Key word(s): Expansion
04.02.2016 11:01
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
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Nanogate driving international growth forward - Strong foreign business
expected for 2016
New location in Turkey as gateway to markets in the Middle East -
Significant orders have already been received with sales in the million
range expected - Additional locations are under consideration - Asia and
the USA acting as drivers for further growth
Göttelborn, Germany, 4 February 2016. Nanogate AG, a leading international
integrated systems provider for high-performance surfaces, is actively
pursuing its internationalisation strategy. From its new location in
Istanbul, the Group wants to access the attractive markets in Turkey and
the Middle East. In addition to a sales office, Nanogate Teknology AS is
also looking to open up its own production for the growing application
area, N-Glaze Security. The Group is simultaneously looking to open further
international locations. Alongside strong sales in Asia, the company is
also expecting significant growth in US business. During the 2015 financial
year, Nanogate was showing a strong demand across the Group and therefore
raised its forecast in November.
Nanogate AG's CEO Ralf Zastrau commented: "Nanogate is already extremely
successful internationally. Export business is continuously increasing in
importance, and the Group is therefore moving into the next phase of its
internationalisation strategy. Turkey is especially attractive to Nanogate:
on the one hand, we see considerable opportunities for growth due to
dynamic development there. On the other hand, the metropolis of Istanbul
currently serves as a link between Europe and Asia. The expansion to Turkey
is a significant strategic investment for Nanogate, especially as we have
already received the first orders for our N-Glaze Security product line,
which was established in 2015, and began operating in the market only in
recent months. The expansion into new international markets signifies an
important step forward as part of our growth strategy Phase5, which will
increase profitability and achieve sales of EUR 100 million in sales in the
medium term. Furthermore, we are also planning additional steps for
international growth in 2016. We anticipate a significant increase in
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