Press Releases

Shandong, Oct 17, 2012 (ABN Newswire) - MAXAM will be exhibiting at the 14th China Mining Conference and Exhibition 2012 (stand 3122 and 3123).

This leading international company's strengths lie in its full line of explosives products and services, its strong global logistics network, state-of-the-art manufacturing and distribution facilities, all of which is backed by continuous R&D innovations.

MAXAM, a global leading company within the civil explosives industry, will begin operating in the Chinese market next year with the inauguration of its new site in Lao Qiuyu (Shandong Province).

At Shandong, MAXAM will manufacture and commercialize civil explosives and initiation systems for China's mining, quarrying and infrastructure construction sectors.

The project, with an investment of 70 MEUR, is a joint venture that involves two local partners and the support of the Chinese authorities at a state, provincial, regional and municipal level.

With its entrance in China, MAXAM consolidates its presence in Asia where, throughout numerous years, it has already held a strong position in the neighboring states of Uzbekistan, Kazakhstan and Mongolia.

MAXAM's growth strategy is based upon:

- A global approach and experience that will provide its Shandong facility with the technologies it requires, making China a key market for MAXAM operations in Asia and the Pacific region.

- State-of-the-art manufacturing facilities, managed under MAXAM corporate policies (safety, quality, environment, technology, security ), ensuring the excellence not only of MAXAM's products, but of the company at large.

- Technological independence achieved thanks to continuous R&D; the products manufactured at Shandong have been developed internally by MAXAM.

MAXAM
http://www.maxam.net

MAXAM is a service and industrial group that operates on a global scale by developing, manufacturing and commercializing civil explosives and initiation systems for mining, quarries and construction; cartridges, shotgun shells and smokeless powder for hunting and sports use; and products for the defense industry. Additionally, MAXAM is a supplier of key raw materials for nitro chemical activity, generated for the company's own internal needs as well as for sales to third parties. Finally, as a result of its drive towards innovative, sustainable development, MAXAM offers its clients a wide variety of solutions in the fields of safety and environmental conservation.

Founded by Alfred Nobel in 1872, MAXAM celebrates its 140th birthday in 2012 with a yearly turnover of approximately one billion euros and a presence in all of the major mining areas of the world, with production sites in over 40 countries, an active market presence in more than 100 others, and over 6000 employees spread across five continents.

MAXAM offers a complete range of products and services to the companies and markets where it operates and integrates safe, superior quality and high technology products with the most complete technical advice, contributing to the continuous improvement of the services given to its clients. The company's vast international presence, respect for the environment, groundbreaking research and considerable philanthropic efforts demonstrate MAXAM's status as a leading, active and committed company, engaged in the progress and development of the society and the environment that surrounds it.

Contact

Veronica Vinelli Chief Representative Beijing Representative Office MaxamCorp International, S.L. MAXAM E: vvinelli@maxam.net