M&A Activity • Dec 7, 2009
M&A Activity
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Vienna, December 7, 2009 - The Sempertrans division of Semperit AG Holding, which is listed on the Vienna Stock Exchange, counts among the leading suppliers of conveyor belts internationally. In order to open up the largest market in the world for these products - China - the company has completed a joint venture with the Chinese Wang Chao Coal & Electricity Group. Semperit will hold 80% of the shares in the new company, which is in the process of being set up. The registered capital will amount to EUR 20 million.
The joint venture will assume the operating activities of a conveyor belt plant in the Shandong province, located on Chinese east cost. The plant was recently put into operation and is fitted with state-of-the-art production facilities. With this expansion step the Semperit Group will also enlarge their product portfolio to include PVC/PVG belts, which are used primarily in the underground mining industry. The investment volume comprises funding for a further capacity expansion, allowing in the medium term for around 15,000 tonnes of conveyor belts to be produced annually.
Further inquiry note: Semperit AG Holding Investor Relations DI Michael Wolfram Tel.: +43 (1) 79 777-583 E-Mail: [email protected] issuer: Semperit AG Holding Modecenterstrasse 22 A-1030 Wien phone: +43 1 79 777-210 FAX: +43 1 79 777-602 mail: [email protected] WWW: www.semperit.at sector: Synthetics & Plastics ISIN: AT0000785555 indexes: WBI, ATX Prime, ViDX stockmarkets: stock market: Frankfurt, Stuttgart, free trade: Berlin, official market: Wien language: English
Aussendung übermittelt durch euro adhoc The European Investor Relations Service
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