Nynas news

17/01/2020 00:03

Extended capacity in the US

The north-eastern US is an important market for Nynas transformer oils. To further enhance the service given to both existing and future customers, the company has increased the capacity at the depot in the coastal city of Perth Amboy, New Jersey.

Previously only base and process oil were kept in stock at the New Jersey depot, but the transformer oil NYTRO® 11GBX-US is now also available. NYTRO 11GBX-US has been developed to deliver solid resistance to oil degradation and provides good oxidation stability for a longer transformer life with less maintenance.

“The extended storage capacity allows us to bring value to customers by ensuring smooth, cost-efficient deliveries in this part of the country. One important objective for the future is to streamline and automate Supply Chain operations without sacrificing any deliverables, enabling us to continue to meet and surpass our customers’ expectations,” says Andreas Hemmi, Head of Supply Chain Americas.

 

Further reading

Nynas reorganisation completed

Today, the decision to adopt Nynas composition from 30 November 2020 became final in Södertörn District Court. This means that Nynas company reorganisation is formally completed and that Nynas creditors will be paid in accordance with the composition agreement.

Read more about Nynas reorganisation completed

Nynas reorganisation formally expected to be completed in January 2021

The district court's decision of 30 November to confirm the composition in Nynas AB's corporate reorganisation has been appealed by the Swedish Tax Agency on 21 December. Extraordinary reasons have since been applied based on approval of the administrators as of 22 December 2020 and Nynas has today paid in full to the Swedish Tax Agency and thus the Swedish Tax Agency no longer has any claim.

Read more about Nynas reorganisation formally expected to be completed in January 2021