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Positive market feedback on own distribution of Creamino Full-year forecast with sales growth and stable earnings confirmed
AlzChem Group AG slightly adjusts sales forecast for fiscal year 2019, but confirms earnings forecast
AlzChem Group AG, a vertically integrated specialty chemicals supplier with a leading market position in selected niche markets, officially commissioned its new Creamino plant at the Trostberg Chemical Park yesterday.
Development at Creamino remains pleasing – start of additional production capacities initiated in August 2019 with first functional tests Investment phase at NITRALZ® completed within schedule and budget – commissioning – commissioning in progress
At the last Annual General Meeting on May 14, 2019, the shareholders of AlzChem Group AG resolved, among other things, to consolidate the issued shares at a ratio of 10 to 1. With this measure, the number of shares will be adjusted to a ratio commensurate with the size and value of the company and the stock exchange price per share will thereby be increased to a level customary on the capital market.
The Supervisory Board of AlzChem Group AG has decided to appoint Mr. Andreas Niedermaier (CFO) as the new CEO with effect from July 1, 2019, in view of the resignation of the current CEO Mr. Ulli Seibel as of December 31, 2019. In this function, Mr. Niedermaier will also be responsible for Investor Relations and Communications.
At today's Annual General Meeting of AlzChem Group AG, a vertically integrated specialty chemicals supplier with a leading market position in selected niche markets, the shareholders present honored the successful business development and corporate strategy and expressed their confidence in the Management Board and Supervisory Board.
Trostberg, April 3, 2019 – Ulli Seibel, CEO of AlzChem Group AG, informed the Supervisory Board today that he will no longer be available to the company for personal reasons after the expiration of his contract, which runs until December 31, 2019.