Environmental & Social Information • May 7, 2014
Environmental & Social Information
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Corporate | 7 May 2014 15:29
SURTECO takes an important step towards optimizing its production network following the Süddekor integration
SURTECO SE / Key word(s): Miscellaneous
07.05.2014 / 15:29
Press Release
SURTECO takes an important step towards optimizing its production network following the Süddekor integration
– Decor printing activities are concentrated at the Buttenwiesen site following the integration of Süddekor
– Implementation of measures to 2016
– Significant synergies at the cost level – focus on personnel management with social compensation scheme
Buttenwiesen-Pfaffenhofen, 7 May 2014 -SURTECO SE – one of the leading manufacturers of decorative surface materials – announces roll-out of the first strategic measures for integration of the Süddekor Group, which was taken over at the end of 2013. The Board of Management has decided to concentrate the decorative printing activities of the SURTECO Group at the Buttenwiesen site and to transfer the printing section of Plant I of Süddekor GmbH, Laichingen, there. The laboratory facilities will also be transferred there. The paintwork division of Süddekor GmbH (Plant II in Laichingen) and Dakor Melaminimprägnierungen GmbH, Heroldstatt, are not included in the resolution.
“Since the sales structures have already been harmonized following the takeover of Süddekor, the focus is now on optimization of our production network,” commented Chairman of the Board of Management of SURTECO SE, Friedhelm Päfgen.
The transfer of printing activities is to be introduced promptly and implemented by 2016. This will enable substantial costs to be saved. The move will safeguard production in Germany over the long term while also providing an efficient counterweight to increasing competitive pressure. The administrative and central functions which are necessary for operation of
Plant II will remain in Laichingen while all other operations will be concentrated in Buttenwiesen.
A concept is being worked out together with the employee representatives to implement these measures. The objective is to give the maximum number of employees from Laichingen a job at Buttenwiesen located roughly 100 kilometres away. Where job losses are unavoidable the company will make arrangements for a social compensation scheme.
This concentration of operations on a single site has already delivered tangible improvements for customers who have been supported by sales from a single source since the beginning of March under the Group logo “SURTECO Decor”. Harmonization of the colour, engraving and printing standards will optimize speed of delivery and flexibility to a very high level of quality.
You will find further information on SURTECO SE on the Internet at www.surteco.com.
Profile of SURTECO
SURTECO SE, Buttenwiesen-Pfaffenhofen, is a leading international specialist for surface technologies. The product portfolio includes papers printed with decorative designs, impregnated products, release paers, decorative flat foils and edgebandings based on specialist papers for technical applications and plastics. The extensive product portfolio is completed by skirtings made of plastic, technical extrusions for industry and do-it-yourself ranges and shutter systems.
The Group currently has a workforce of appr. 2,700 and manufactures at 21 sites on four continents, currently generating approximately 30 % of sales in Germany, 45 % in European countries outside Germany and the remainder in America, Asia and Australia. Customers of SURTECO generally come from the wood based materials, flooring and furnishing industry and the interior industry.
The shares of SURTECO SE are listed on the official market (Prime Standard) of the Frankfurt and Munich Stock Exchanges under the ticker symbol SUR and ISIN DE0005176903. They are also traded on the stock markets in Berlin/Bremen, Düsseldorf and Stuttgart. The stock is listed on the SDAX of Deutsche Börse.
Cautionary note regarding forward-looking statements
This press release contains statements of future forecasts or expectations and other forward-looking statements and involves known and unknown risks and uncertainties. There is therefore no guarantee for the statements and expectations expressed herein. The actual results and developments may differ substantially. The company does not intend to – and assumes no obligation – to update any forward looking statements contained herein or to adapt such information to future results or developments.
Contact:
| SURTECO SE | |
| Andreas Riedl Chief Financial Officer + 49 (0) 8274/99 88-563 |
Martin Miller Investor Relations and Press Office + 49 (0) 8274/99 88-508 |
| Internet www.surteco.com Email [email protected] Fax + 49 (0) 8274/99 88-515 |
End of Corporate News
07.05.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | SURTECO SE |
| Johan-Viktor-Bausch-Str. 2 | |
| 86647 Buttenwiesen-Pfaffenhofen | |
| Germany | |
| Phone: | +49 (0)8274 99 88-0 |
| Fax: | +49 (0)8274 99 88-5 05 |
| E-mail: | [email protected] |
| Internet: | www.surteco.com |
| ISIN: | DE0005176903 |
| WKN: | 517 690 |
| Indices: | SDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Stuttgart |
| End of News | DGAP News-Service |
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| 266999 07.05.2014 |
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