30/11/2006
Inco and Süd-Chemie establish joint venture for development of diesel emission control materials and catalysts
Inco Limited (Inco), a leading nickel and nickel specialties producer based
in Toronto, Canada, and Süd-Chemie AG, Munich, Germany (Süd-Chemie), a
leading supplier of catalysts for the chemicals and refining industry and
for environmental applications, have agreed to establish a joint venture
company for the production and marketing of catalyzed diesel emission
control materials for the automotive industry. Equity interests in the new
company, which will be named Alantum, will be divided equally between Inco
ECM GmbH, a wholly-owned indirect subsidiary of Inco Limited, and Süd-
Chemie.
Alantum will concentrate initially on diesel oxidation catalyst (DOC) and
diesel particulate filter (DPF) applications for European passenger car and
light truck markets. Production will take place in a new facility at Süd
Chemie’s Heufeld site in Germany. Commercial scale production is expected to
begin in 2008.
The technologies brought into the joint venture by each of the parents are
highly complementary. Süd-Chemie brings in its depth of knowledge in
catalysis, while Inco will provide its new alloy foam substrate and
extensive metals processing technology. This new generation of catalyzed
substrates for emission control products offers considerable benefits
compared to traditional catalyzed ceramic substrates.
The introduction of increasingly stringent regulations for exhaust emissions
in Europe offers an outstanding opportunity for growth. In setting up the
joint venture, the two companies aim to fully participate in that growth,
based on this unique offering to the automotive industry.
Peter Goudie, Inco’s Executive Vice-President Marketing, commented: “Inco is
delighted to enter into this partnership with Süd-Chemie, a recognized
leader in catalyst products. We view this as an exciting application for our
nickel foam technology and an important technology breakthrough in catalyzed
diesel emission control, with significant value-creation potential. Our two
companies, the automotive industry and the environment will all benefit from
this partnership.”
Dr. Hans Jürgen Wernicke, Member of the Managing Board of Süd-Chemie AG,
said: “This project is of high strategic importance for Süd-Chemie. We are a
global leader in catalyst technology and intend to gain a similar position
in the rapidly growing market for diesel exhaust gas catalysts. We are proud
to work with Inco, the world’s leading nickel technology company, in
reaching this goal.“
Munich and Toronto, 30 November 2006
Enquiries to:
Süd-Chemie AG
Jochen Orlowski
Corporate Public Relations
Tel. +49-(0)89-5110-247
Fax +49-(0)89-5110-302
Inco Limited
Steve Mitchell
Corporate Public Affairs
Tel. +1 416-361-7950
Fax +1 416-361-7736
Süd-Chemie AG (www.sud-chemie.com) is a publicly quoted (Security
Identification Number (WKN): 729 200), independent specialty chemical
company headquartered in Munich/Germany and operating on a worldwide scale.
Key markets served by its Adsorbents Division include the consumer-goods,
packaging and foundry industries, as well as the paper and plastics
industries. Products manufactured by the Catalysts Division offer solutions
for water treatment, petrochemicals processing, energy storage and hydrogen
production, as well as off-gas purification. The common denominator of all
its products and innovations is the efficient and sparing use of natural
resources to enhance the quality of life for humans and the environment. The
Süd-Chemie Group generated sales of €933 million in 2005, almost 80% of
these outside Germany. Süd-Chemie Group had some 5,000 employees at 65 sales
and production sites worldwide in mid 2006.
Inco Limited (www.inco.com) is one of the world’s premier mining and metals
companies and the world’s second largest producer of nickel. Inco is also an
important producer of copper, cobalt and precious metals and a major
producer of value-added specialty nickel products. On October 24, 2006, the
Brazilian-based mining and metals company Companhia Vale do Rio Doce (CVRD)
obtained control of Inco Limited.