AlzChem to be listed soon

Germany-based AlzChem AG announced it is targeting an IPO in the Frankfurt stock exchange before next June. 50% of the company will be listed and the proceeds will be invested in the construction of a new production facility for CreAMINO at the Trostberg site. AlzChem’s sales in the first nine months of 2016 totaled approximately €250m, with an EBITDA of 14.3%. The group has 1,480 employees. The company focuses on the NCN area, with products including calcium carbide and calcium cyanamide. (Source AlzChem)