IBU-tec advanced materials AG

IBU-tec advanced materials AG signed two contracts for development and production of LFP cathode material (IBUvolt LFP402) for a global automotive group. Total order volume is in the mid-single-digit million euro range.

IBU-tec advanced materials AG has received a major seven-digit euro order from Johnson Matthey plc to supply two customized electrically heated rotary kilns for catalyst manufacturing.

IBU-tec received a major order from a Chinese automotive supplier for several tons of material deliveries in the field of cathodic dip coatings, with an initial volume in the mid-six-digit euro range. The company also received another major order from India from a pharmaceutical customer.

IBU-tec advanced materials AG completed a new production plant for monobutyltin trichloride (MBTC) at its subsidiary BNT Chemicals GmbH in Bitterfeld, doubling capacity to ~1,000 metric tons per year, with commissioning scheduled for Q2 2023 and full utilization expected by 2025.