EANS-News: Semperit AG Holding / Sempermed Builds New Glove Factory in Malaysia
- largest investment ever made by Semperit (with photo)
Geschrieben am 25-06-2014 |
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Company Information/Investment
The Semperit Group is expanding production capacity at the Kamunting,
Malaysia site of its Sempermed segment. A total of about EUR 50
million (MYR 220 million) will be invested in the period 2014 - 2016
to build a new glove factory. This is the largest investment in
capacity increase ever made in the history of Semperit. Construction
of the new facility will take place on the premises of the Kamunting
plant, where Semperit has been operating six production facilities
for medical and protective gloves since its acquisition of Latexx
Partners Berhad in 2012. The first gloves are expected to leave the
production lines starting in the middle of 2015, with the entire
project scheduled for completion at the end of 2016.
Next step in the growth strategy "The integration of Latexx Partners
into the Sempermed segment was successfully concluded last year. The
capacity expansion drive at Latexx Partners will enable us to
strengthen our position on the global glove market and move a
decisive step closer towards achieving our designated growth
targets", says Thomas Fahnemann, Chief Executive Officer of Semperit
AG Holding. "We can only reach this goal by offering competitive
production costs. For this reason, the new facility will deploy
state-of-the-art technologies as the basis for a high level of
automation and the optimal use of natural resources. It will be one
of the world's most efficient manufacturing plants for nitrile
gloves", CEO Fahnemann continues.
Production speed will be significantly increased compared to the
performance of existing factories. The new facility will also boast
50% lower gas consumption, and electricity needs will be about 20%
less than for conventional glove manufacturing technologies.
The new investments will lay the groundwork for Sempermed to continue
its expansion path on the growth market for examination gloves
featuring an increase in demand of about 5-7% annually.
About Semperit The publicly listed company Semperit AG Holding is an
internationally-oriented group that develops, produces, and sells in
more than 100 countries highly specialised rubber and plastic
products for the medical and industrial sectors: examination and
surgical gloves, hydraulic and industrial hoses, conveyor belts,
escalator handrails, construction profiles, cable car rings, and
products for railway superstructures. The headquarters of this
long-standing Austrian company, which was founded in 1824, are
located in Vienna, and the global R & D centre is in Wimpassing,
Lower Austria. The Semperit Group employs about 10,800 people
worldwide, including more than 8,000 in Asia and more than 700 in
Austria (Vienna and production site in Wimpassing, Lower Austria).
The Group has 22 manufacturing facilities worldwide and numerous
sales offices in Europe, Asia, and America. In 2013 the Group
generated sales of EUR 906 million and an EBITDA of EUR 133 million.
About Sempermed Sempermed is the largest segment in the Semperit
Group, and ranks among the world's leading manufacturers of medical
and industrial gloves. The research centre of Sempermed located in
Wimpassing, Lower Austria continuously develops and tests new
products in cooperation with users and experts. Sempermed has been
producing gloves of the highest quality for more than 90 years, and
as the world's technology leader sets standards in quality and
innovation. Sempermed guarantees optimal safety and reliability
thanks to state-of-the-art manufacturing technologies, the highest
attainable production hygiene and the strictest quality controls. In
2013, the Segment Sempermed generated revenue of EUR 435 million
(approx. 48% of Group revenue) and an EBITDA of EUR 59 million.
Pictures with Announcement:
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http://resources.euroadhoc.com/us/lM71utUe
Further inquiry note:
Martina Büchele
Head of Group Communications
Tel.: +43 676 8715 8621
martina.buechele@semperitgroup.com
www.semperitgroup.com
end of announcement euro adhoc
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Pictures with Announcement:
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http://resources.euroadhoc.com/us/lM71utUe
company: Semperit AG Holding
Modecenterstrasse 22
A-1030 Wien
phone: +43 1 79 777-210
FAX: +43 1 79 777-602
mail: investor@semperitgroup.com
WWW: www.semperitgroup.com
sector: Synthetics & Plastics
ISIN: AT0000785555
indexes: WBI, ATX Prime, ViDX, Prime Market, ATX Global Players
stockmarkets: official market: Wien
language: English
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Corporate News übermittelt durch euro adhoc. Für den Inhalt ist der
Emittent/Meldungsgeber verantwortlich.
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