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5N Plus Announces Entry Into Specialized Materials for Feed Additives Industry
5N Plus Announces Entry Into Specialized Materials for Feed Additives Industry Can...
About this update from 5n Plus Inc.
[{"type":"text","content":"\n\n\n\n5N Plus Announces Entry Into Specialized Materials for Feed Additives Industry\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Dec. 7, 2017\n\n\n\nMONTREAL, Dec. 7, 2017 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) (\"5N Plus\" or the \"Company\"), a leading producer of specialty chemicals and engineered materials, today announced its entry into the animal feed minerals market. This sector represents an estimated market size of over $5 billion by 2022 and boasts a compound annual growth rate (CAGR) of 6.5% supported by demand for higher quality and purity feed material exacerbated by depletion of essential minerals and metals in the soil and by a growing demand for higher quality meat products globally.  5N Plus will manufacture a range of products to address the specific needs associated with this sector, focusing initially on the production and development of animal feed containing trace elements essential for good health and nutrition of animals, a sub-segment of the feed minerals market worth in excess of $100 million annually. The Company's leading position in the production of ultra-high purity materials, active pharmaceutical ingredients; both for humans and animals, uniquely positions 5N Plus to address the stringent requirements associated with the feed industry. The Company's investments will be in multiple phases with the initial tranche aimed at establishing capacity and capability in Europe and is slated for completion within 12 months, with qualification samples available in Q4 2018 and volume production shortly thereafter.\n\nMr. Paul Tancell, Executive Vice President, Eco-Friendly Materials, commented \"Exceptional quality and consistency in conjunction with outstanding customer service are the key value drivers of the feed market. Given our organizational DNA and proven track record in adjacent industries, we deem our entry into the specialized feed additives market as a natural next step and well aligned with our 5N21 strategic plan designed to deliver quality growth of earnings based on specialty products requir...