Nanogate Wins Major Order with a Volume of USD 50 million29.05.19
- Second project for an internationally leading U.S. manufacturer of household appliances
- Further boost in growth for industrial business
Göttelborn, May 29, 2019. Nanogate SE, a leading global technology company for design-oriented, multifunctional components and surfaces, has received another major order with a volume of USD 50 million. The company has established itself as an innovation partner for one of the leading U.S. manufacturers of household appliances. Nanogate had already received an order with a volume of up to USD 100 million from the same customer in 2018.
Production for the new order is expected to start in 2020 and will run for up to eight years. Based on N-Glaze technology, Nanogate supplies innovative, enhanced plastic surfaces of the highest optical quality, which are available in various color variants. The N-Glaze components are used in kitchen appliances. Production is mainly carried out using the technologies and capacities that were created as part of Nanogate’s innovation program.
Ralf Zastrau, CEO of Nanogate SE: “We are increasingly establishing ourselves as a competent and highly innovative partner in the market for household appliances. This is where innovative strength and efficient production, i.e., the entire Intelligent Surfaces value chain, pay off by large-volume orders with attractive margins. The new project is a significant step closer to our goal of increasing the share of sales accounted for by the Industries division to at least 40 percent by 2025. Following the first two major orders for a leading supplier from the USA, we are also seeing considerable interest from other international groups.”