Le Lézard
Classified in: Mining industry, Science and technology
Subject: PDT

5N Plus Announces Entry Into Specialized Materials for Feed Additives Industry



MONTREAL, Dec. 7, 2017 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) ("5N Plus" or the "Company"), a leading producer of specialty chemicals and engineered materials, today announced its entry into the animal feed minerals market. This sector represents an estimated market size of over $5 billion by 2022 and boasts a compound annual growth rate (CAGR) of 6.5% supported by demand for higher quality and purity feed material exacerbated by depletion of essential minerals and metals in the soil and by a growing demand for higher quality meat products globally.  5N Plus will manufacture a range of products to address the specific needs associated with this sector, focusing initially on the production and development of animal feed containing trace elements essential for good health and nutrition of animals, a sub-segment of the feed minerals market worth in excess of $100 million annually. The Company's leading position in the production of ultra-high purity materials, active pharmaceutical ingredients; both for humans and animals, uniquely positions 5N Plus to address the stringent requirements associated with the feed industry. The Company's investments will be in multiple phases with the initial tranche aimed at establishing capacity and capability in Europe and is slated for completion within 12 months, with qualification samples available in Q4 2018 and volume production shortly thereafter.

Mr. Paul Tancell, Executive Vice President, Eco-Friendly Materials, commented "Exceptional quality and consistency in conjunction with outstanding customer service are the key value drivers of the feed market. Given our organizational DNA and proven track record in adjacent industries, we deem our entry into the specialized feed additives market as a natural next step and well aligned with our 5N21 strategic plan designed to deliver quality growth of earnings based on specialty products requiring significant value-added activities." Mr. Tancell added "Our new production facility is designed to be a state-of-the-art manufacturing plant capable of producing enabling materials with tightest tolerances required by the industry and providing greater safety and reliability to our customers in the feed industry.  Some of these materials will contain trace amounts of minor metals designed to fulfill a critical role within healthy animal diet." Mr. Tancell concluded "We are delighted to have teamed up with JADIS ADDITIVA who have a wealth of knowledge and experience in this field and will be our distributors in Europe".

About 5N Plus Inc.
5N Plus is a leading producer of specialty chemicals and engineered materials.  Fully integrated with closed-loop recycling facilities, the Company is headquartered in Montreal, Québec, Canada and operates manufacturing facilities and sales offices in several locations in Europe, the Americas and Asia.  5N Plus deploys a range of proprietary and proven technologies to produce products which are used in a number of advanced pharmaceutical, electronic and industrial applications. Typical products include purified metals such as bismuth, gallium, germanium, indium, selenium and tellurium, inorganic chemicals based on such metals and compound semiconductor wafers.  Many of these are critical precursors and key enablers in markets such as solar, light-emitting diodes and eco-friendly materials.

Forward-Looking Statements and Disclaimer
This press release may contain forward-looking information within the meaning of applicable securities laws.  All information and statements other than statements of historical facts contained in this press release are forward-looking information.  Such statements and information may be identified by words such as "about", "approximately", "may", "believes", "expects", "will", "intends", "should", "plans", "predicts", "potential", "projects", "anticipates", "estimates", "continues" or similar words or the negative thereof or other comparable terminology.  Forward-looking statements are based on the best estimates available to 5N Plus at this time and involve known and unknown risks, uncertainties and other factors that may cause 5N Plus' actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  A description of the risks affecting 5N Plus' business and activities appears under the heading "Risk and Uncertainties" of 5N Plus' 2016 MD&A dated February 21, 2017 and notes 11 and 12 of the unaudited condensed interim consolidated financial statements for the three and nine-month periods ended September 30, 2017 and 2016, available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that 5N Plus will derive therefrom.  In particular, no assurance can be given as to the future financial performance of 5N Plus. The forward-looking information contained in this press release is made as of the date hereof and 5N Plus undertakes no obligation to publicly update such forward-looking information to reflect new information, subsequent or otherwise, unless required by applicable securities laws.  The reader is warned against placing undue reliance on these forward-looking statements.

 

SOURCE 5N Plus Inc.


These press releases may also interest you

21 sep 2018
Alexco Resource Corp. ("Alexco" or the "Company") announced today that it has filed a final short form base shelf prospectus with the securities commissions in each of the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario...

21 sep 2018
Metallis Resources Inc. (the "Company" or "Metallis Resources") is pleased to announce that it has arranged a non-brokered private placement to raise gross proceeds of up to $4,014,000. The financing is expected to close shortly. ...

21 sep 2018
Pacton Gold Inc. (the "Company" or "Pacton") announces that following the initiation of preliminary exploration on its Arrow tenements (News: Sept 4 and April 5, 2018), located adjacent to Novo Resources Corp's (NVO: TSXV) Egina project, it is...

21 sep 2018
Continental Gold Inc. ("Continental" or the "Company") would like to expand on the press release issued on September 20, 2018 on the tragedy that took place in the village of Ochalí in the municipality of Yarumal and provide clarification to...

21 sep 2018
Centerra Gold Inc. will host a conference call and webcast of its 2018 third quarter financial and operating results at 11:00AM Eastern time on Wednesday October 31, 2018.  The results are scheduled to be released before the market opens on...

21 sep 2018
As the U.S. and Canada continue discussions on a modernized NAFTA, the Aluminium Association of Canada (AAC) urges the governments to use this negotiation process to remove the Section 232 aluminium tariffs on Canada. "We encourage Canada and the...




News published on 7 december 2017 at 09:22 and distributed by: