De Nora enters into an agreement to leverage the services of a new workshop in India focused on Electrode Technologies business

Milan/India, 30 January 2024 – Industrie De Nora, an Italian multinational listed on Euronext Milan, specializing in electrochemistry, a leader in sustainable technologies and the emerging green hydrogen industry, through its subsidiary, De Nora India Limited, has entered into an agreement to leverage the services of a newly established workshop in India, an Industrial Estate located near Vadodara city in Gujrat State, to meet the local market’s needs for electrode servicing.

The new workshop, inaugurated yesterday at a ceremony attended by the local Top Management, will be totally dedicated to the Electrode Technologies sector, De Nora's traditional core business, which supplies electrodes for major industrial electrochemical processes. This territorial base will enable the company to respond even more effectively and reactively to the growing local demand for servicing electrodes, taking advantage of a new specialized center for mechanical repairs of electrodes.

The new presidium complements the production plant in Goa, De Nora's headquarters in India and a center of excellence dedicated to chlor-alkali processes, which has been meeting the technical and professional requirements of the regional customers since 1989, both in terms of electrode production and technical assistance. In fact, the Goa plant is an innovative establishment covering more than 26,000 square meters, equipped with state-of-the-art facilities and machinery.

Vinay Chopra, Managing Director of De Nora India, commented, "The decision to leverage the services of this new workshop represents a tangible commitment by De Nora to respond to the growing needs of the local market. Continuing what we have been doing since entering the country, we aim to further strengthen our presence in this strategic area."

Robert Scannell, Regional Chief Officer of De Nora EMEA and India, added, "Yesterday's inauguration is part of De Nora's plans to operate in overseas territories effectively. We will continue to act in line with the community's needs and with respect for the local traditions while maintaining the quality of products and services that have always been a distinctive feature of our company. In India, as in other countries with an international presence, we enthusiastically collaborate with our partners and customers to create a more sustainable future through electrochemistry."
 

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Industrie De Nora is an Italian multinational company listed on the Euronext Milan stock exchange specializing in electrochemistry, a leader in sustainable technologies, and plays 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 electrodes for the major industrial electro-chemical processes (serving a broad portfolio of customers operating in the fields of chlorine and caustic soda production, components for electronics, and surface finishing). Industrie De Nora is among the world's leading suppliers of water filtration and disinfection technologies (for the industrial, municipal, swimming pool and marine sectors). Leveraging its well-established electrochemical knowledge and proven manufacturing capability, 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 approximately EUR 191 million in 2022. The Company's growth process has developed organically through its continuous innovation as regards external lines through acquisitions in the U.S., Asia, and Europe. De Nora’s intellectual property portfolio currently includes more than 260 patent families with more than 2,800 territorial extensions. 
The De Nora family owns 53.3% of the company’s share capital. Snam S.p.A. is a minority shareholder with about 21.6% of the capital. 

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