Industrie De Nora S p A : De Nora opens a new electrode production line at Suzhou plant, the main chinese headquarters of the Group

Milan 6th November 2023 - Industrie De Nora S.p.A. ("De Nora"), an Italian multinational company listed on the Euronext Milan, specialized in sustainable electrochemical technologies and in the emerging green hydrogen industry, increases the production capacity at its Suzhou site in China, consolidating its global leadership in the electrode production and in the Energy Transition sectors.

The Suzhou plant, located in the "SIP" industrial park about 70km west of Shanghai and opened in 2005, is De Nora's headquarters in China and a qualified center of excellence for the production and assembly of all products related to electrochemical technologies. The site currently serves several major Chinese and Asian customers and important technology partners, offering them a range of electrodes for new installations and maintenance and technology upgrade services, responding flexibly to the needs of the chlor-alkali, lithium battery and electronics components, and Energy Transition markets.

The project, which is part of De Nora's multi-year plan to expand its production capacity in the Asian area, an integral part of the Group's Industrial Plan, has just been completed with the opening event held by Group CEO Paolo Dellachà and CTO Christian Urgeghe.

As a result of the expansion, the site's total production capacity has tripled. It will be committed to completing the timely production of projects already in the portfolio and to responding positively to the growing demand for electrodes in the Asian market, as well as to react quickly to the request for dedicated technologies for green hydrogen generation.

Through this expansion, De Nora aspires to strengthen its position in maintenance services for Chinese chlor-alkali plants, which now account for 45 percent of the global market, and in electrodes for the production of copper foil used in both the manufacture of lithium-ion batteries for electric cars, the demand for which is constantly growing, and as a raw material for printed circuit boards.

Paolo Dellachà, CEO of De Nora, commented, "We are pleased to announce the expansion of the Chinese site in Suzhou, which guarantees us a considerable increase in the production capacity serving the entire Asian region. This new expansion is part of a broader strategy to consolidate De Nora's competitive advantage, covering both the Chinese market and other geographical areas, in line with the Group's Industrial Plan. Finally, I would like to emphasize the excellent work of the local management, which enabled the completion of the project with an effective and efficient approach that ensured the continuity of supplies to its customers without delays."

* * *

About De Nora
Industrie De Nora is an Italian multinational company listed on the Euronext Milan stock exchange, specializing in electrochemistry, a leader in sustainable technologies, and has a vital role in the industrial green hydrogen production chain. The Company has a portfolio of products and systems to optimize the energy efficiency of critical industrial electrochemical processes and a range of products and solutions for water treatment. Globally, Industrie De Nora is the world's largest supplier of activated electrodes (serving a broad portfolio of customers operating in the fields of chlorine and caustic soda production, components for electronics, and non-ferrous metal refining). Industrie De Nora is also among the world's leading suppliers of water filtration and disinfection technologies (for the industrial, municipal, and marine sectors) and the world's leading swimming pool disinfection components supplier. Leveraging its well-established electrochemical knowledge, proven manufacturing capability, and a supply chain established over the years, the Company has developed and qualified a portfolio of electrodes and components to produce hydrogen through the electrolysis of water, which is critical for the energy transition. In this sector, the company now holds 25.85% of thyssenkrupp nucera AG &Co. KGaA, a joint venture established with the thyssenkrupp group.

Founded in 1923, Industrie De Nora generated total revenues of around EUR 853 million and an Adjusted EBITDA of approx. EUR 191 million in 2022. The Company's growth process has developed organically through continued penetration of new markets and applications and through acquisitions in the U.S., Asia, and Europe. De Nora's continuous innovation drives its growth, represented by its evolving intellectual property portfolio, which currently includes more than 260 patent families with more than 2,800 territorial extensions. The De Nora family controls the Group, which owns 53.3% of the Company's share capital. Snam S.p.A. is a minority shareholder with about 21.6% of the capital.

De Nora | Media Relations
Barabino & Partners
Ufficio: +39 02/72.02.35.35
Sabrina Ragone - [e-mail] [phone]
Elena Magni - [e-mail] + 39 348 478 7490

De Nora | Investor Relations
Chiara Locati
[phone]
[e-mail]