Betolar signs its first commercial agreement in Germany with FC Nüdling Group

Betolar Plc

Company Announcement/Inside Information
5 April 2022 at 1:25 PM EET

Betolar signs its first commercial agreement in Germany with FC Nüdling Group

Betolar's business in Central Europe continues to expand. Betolar Plc and the German FC Nüdling Group (FCN) have entered into a commercial agreement to use the Geoprime solution in the production of low-carbon concrete products. The agreement is Betolar's first in the German market.

FCN produces concrete elements for garden and landscape design as well as road and housing construction. The first product group is pavers, but the use of Geoprime can gradually be expanded to other product groups as well.

FCN is the leading manufacturer in its market areas in Thuringia and Hesse in Central Germany. Its total annual volume of concrete products is 500,000 tons. FCN will have the exclusive right to use the Geoprime concept and chemicals in the manufacture of its concrete products for five years in its market area. It also has the right to use the registered Geoprime trademark in its products manufactured in accordance with the concept.

“It is important for us to be able to start the production of low-carbon concrete products in the German market. The demand for sustainable concrete products is growing rapidly. By the end of 2024, we aim to be in the production of low-carbon concrete at an annual rate of 50,000 tons. Geoprime will allow us to move gradually to low-carbon concrete products in all our units,” says Bernhard Klöppner, CEO of the F.C.Nüdling Betonelemente.

FCN benefits from Betolar's continuous product development, expert services and data support in the manufacture of the products. The basic structure of a commercial Geoprime agreement consists of a volume-based licence fee, chemical sales and a fixed ongoing maintenance fee.

“Low-carbon concrete solutions contribute to EU's Green Deal initiatives. For us at Betolar, it is very important to show our market capability in Germany and thus strengthen the expansion of our international business. Germany is a large market, and the initiation of operations with one manufacturer enables replication of business to other market areas in Germany,” says Matti Löppönen, Betolar’s CEO.

Betolar has developed the Geoprime solution for the production of durable, sustainable and low-carbon concrete by utilising industrial side streams as an alternative for cement. Betolar thus enables the green transition of different industries and makes concrete a sustainable building material.

“During the piloting phase we have seen that FCN shares our vision of a greener future and is an optimal partner for entering the market rather quickly,” says Janne Rauramo, Betolar's Vice President, European Operations.

The Geoprime solution brings immediate reductions in CO2 emissions without major changes in the manufacturing process. Betolar is developing a recipe-optimising data platform that will bring together concrete manufacturers and side streams producers.

Betolar Plc
Communications

More information:
Matti Löppönen, CEO, Betolar Plc, tel. +358 50 306 6335, matti.lopponen@betolar.com

Janne Rauramo, Head of Europe, tel. +358 50 475 4900, janne.rauramo@betolar.com

Bernhard Klöppner, CEO of the FCN, tel. +49 661 8387 239, bernhard.kloeppner@nuedling.de, fcn.betonelemente@nuedling.de
 

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Skandinaviska Enskilda Banken AB (publ) Helsinki Branch, tel. +358 9 6162 8000
 

About Betolar Plc

Betolar Plc is a Finnish materials technology company that offers the production of sustainable and low-carbon concrete with the Geoprime® solution. The solution converts several previously unused high-volume industrial side streams into a substitute for cement.

Betolar's AI-optimised innovation can significantly reduce CO2 emissions at a competitive cost compared to conventional cement-based concrete manufacturing, leveraging the existing manufacturing processes. Betolar’s mission is to enable the green transformation of various industries globally, especially in the construction, process and energy industries by providing solutions to utilise its unique materials technology.

Betolar was founded in 2016 and is headquartered in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market. https://www.betolar.com/

About FC Nüdling Group

Franz Carl Nüdling Basaltwerken dates back to 1893. Since its inception, FCN has been a well-established, medium-sized family business employing 400 people. The product range includes proven classics and high-performance innovations. The core products are building materials made of natural stone and concrete for residential, industrial, road, path and concrete construction, as well as garden and landscape design. The Group's total turnover is EUR 70 million and the annual concrete production is around 500.000t. It has a total of nine plants in Hessen and Thüringen in Germany. www.nuedling.de