EANS-News: SMT Scharf AG expands its presence in Ukraine
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Company Information
Hamm (euro adhoc) - September 23, 2011 - SMT Scharf AG (WKN 575198, ISIN
DE0005751986), the technology and world market leader for rail-bound railway
systems for the mining sector, has received two orders in the Ukraine for
monorail railways. These orders comprise a total of five train sets for monorail
railways, rail tracks and related equipment. The orders are worth more than EUR
4 million together. The train sets will be shipped and invoiced in the fourth
quarter of 2011 and in the first quarter of 2012.
SMT Scharf founded a joint venture in the Ukraine in June of this year to
provide local sales and service to the country's customers. As part of the
agreements with the respective customers, SMT Scharf will establish a spare
parts warehousing facility in the metropolitan region of Donetsk, and employ
service staff there. SMT Scharf already operates a service location in the
region in the Russian part of the coal deposits near the Black Sea.
"We are pleased with the strong reception from the Ukrainian mine operators,"
was how Dr. Friedrich Trautwein, CEO of SMT Scharf AG, commented on the sales
success. "We regard this as a sign that productivity enhancement and operational
safety are also being given an increasing priority there. The mines cannot
achieve these objectives with cheap products."
Company profile
The SMT Scharf group develops, builds and maintains transportation equipment for
mining and tunneling. The main product area is rail-bound railways which are
used all over the world, primarily in hard coal mines and underground mining for
gold, platinum and other metals. They are used to transport material and
personnel with working loads of up to 45 tons. Rail-bound railways are the only
means of underground transport that can be used on branching lines to cope with
inclines of more than 13 degrees. SMT Scharf´s other key products are
roadheaders, equipment for tunnel support and chairlifts. The SMT Scharf Group
has its own companies in eight countries as well as additional dealerships
worldwide. SMT Scharf records more than 80% of its revenue in high-growth
foreign markets, such as Russia, China and South Africa. Business with spare
parts and repairs accounts for around 40% of revenue. The entire market for
underground transport technology comprises EUR 5 billion to EUR 7 billion per
year according to the company´s estimates. SMT Scharf AG has been listed in the
Prime Standard (Regulated Market) of the Frankfurt Stock Exchange since April
11, 2007.
Further inquiry note:
Investor Relations
cometis AG
Dominic Großmann
Tel: +49(0)611 - 205855-15
Fax: +49(0)611 - 205855-66
e-mail: grossmann@cometis.de
end of announcement euro adhoc
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company: SMT Scharf AG
Römerstr. 104
D-59075 Hamm
phone: +49(0)2381-960212
FAX: +49(0)2381-960311
mail: ir@smtscharf.com
WWW: http://www.smtscharf.com
sector: Machine Manufacturing
ISIN: DE0005751986
indexes: CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English