Nexam Chemical to invest 20M Swedish Krona in new production line at facility in Lomma, Sweden; company manufactures additives for polymers used in a range of end markets

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February 3, 2022 (press release) –

Nasdaq First North-listed Nexam Chemical, which helps plastics manufacturers around the world to improve their products - both in terms of durability and function - and thus competitiveness, is investing SEK 20 million in a new production line. The investment at the company's facility in Lomma, Skåne, will increase production capacity and improve profitability in the long run. In addition, the ability to meet customers' needs for the development of advanced products is strengthened.

The new machine line, which will be an integral part of the existing production system, is planned to be operational during the end of the current year.

- Our production increases as our sales increase, which is why we are now investing in increased and improved own production capacity. The new production line will open up opportunities for us to manufacture increasingly complex products that can make us even more attractive to more and more customers, says Johan Arvidsson, Nexam Chemical.

In the first instance, the new line will be for the manufacture of additives for several different market segments and polymer areas. In addition, there is great potential in using the capacity to further increase the pace on the recycling side.

- We have strong growth, and it is judged to last. With the investment, we will also become less dependent on external capacity while improving the ability to develop even more advanced solutions for our customers. Something that strengthens the relationship with the customer and improves our profitability over time, says Johan Arvidsson, Nexam Chemical.

For more information, please contact:

Johan Arvidsson, CEO, +46-708 97 44 39, johan.arvidsson@nexamchemical.com

About Nexam Chemical

Nexam Chemical develops technology and products that make it possible to significantly improve the production process and properties of most types of plastics in a cost-effective manner and with retained production technology. The improved properties include strength, toughness, temperature and chemical resistance as well as service life. The improvements in properties that can be achieved by using Nexam Chemical's technology make it possible to replace metals and other heavier or more expensive materials with plastics in a number of applications. In applications where plastic is already used, Nexam Chemicals products can improve the manufacturing process, reducing material use and enable more environmental friendly alternatives. Example of commercial applications: pipe manufacturing, foam production and high-performance plastics. More information about the business will be found on www.nexamchemical.com. The company´s Certified Adviser is FNCA Sweden AB. FNCA Sweden AB can be reached at info@fnca.se or by phone +46-8 528 00 399.

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