MONTREAL, Nov. 15, 2012 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) (the "Company"), the leading producer of specialty metal
and chemical products, is pleased to announce that its new recycling
Malaysian facility is now operational.
The facility which is located within the Kulim High Technology Park, one
of Malaysia's highest profile industrial areas for technological firms,
was completed under budget. Providing recycling services for solar cell
manufacturers, the facility is expected to gradually increase its range
of products and services to address broader requirements and capture
opportunities in the South-Asian market.
The Company is also pleased to announce that it has acquired the
remaining 50 percent ownership interest in the joint venture company
MCP Metals (Shenzhen) Co., Ltd, a gallium refining facility located in
"Expansion of our activities in Asia is part of our growth strategy as
we expect to see increasing demand for our products in this part of the
world. Our Shenzhen and new Malaysian facilities will be instrumental
in allowing us to leverage this demand and the corresponding business
opportunities," said Jacques L'Ecuyer, President and Chief Executive
Officer of 5N Plus.
About 5N Plus Inc.
5N Plus is the leading producer of specialty metal and chemical
products. 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 "Risks and Uncertainties" in Management's Discussion and
Analysis for the fiscal year ended December 31, 2011 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
there from. 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
SOURCE: 5N PLUS INC.
For further information:
Director, Legal Affairs & Corporate secretary
5N Plus Inc.
(514) 856-0644 x6178