CNW Group9 days ago
MONTREAL, Oct. 11, 2017 /CNW Telbec/ - 5N Plus Inc. (TSX:VNP.TO - News) ("5N Plus" or the "Company"), a leading producer of specialty chemicals and engineered materials, today announced that its Electronic Materials segment has been awarded a multi-year program by the U.S. Government to supply engineered semiconductor materials essential for space and aeronautical missions. The award was granted following a comprehensive multi-party competitive process with emphasis on total value creation based on products and services rendered. The program is expected to commence in the second half of 2018. In September 2016, the Company unveiled its strategic plan, 5N21, which is based on three key pillars, namely: a) extracting more value from existing global assets and capabilities, b) growing contributions from upstream activities and c) delivering quality growth from existing and new growth initiatives. This award is well aligned with the third objective which is designed to deliver quality growth based on technology intensive markets requiring tangible value addition.