EANS-News: Semperit AG Holding Semperit Initiates Further Expansion Phase in
Europe's Largest Hose Plant
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Company Information
- Investments of approx. EUR 15 million until 2016
- Industrial hose production to increase by about 40%
- Additional hydraulic hose capacities already well utilised
The Semperit Group is investing approximately EUR 15 million to further expand
its hose production at the Semperflex facility in Odry, Czech Republic. The
investment programme launched now will increase production capacities of
industrial hoses by about 40% by the second quarter of 2016. Even after the
recent coming on stream of additional hydraulic hose production capacities,
Semperit is quickly progressing with the expansion of Europe's largest hose
plant.
"We succeeded in significantly increasing sales volumes in recent years and
gained additional market shares in spite of the weak economy", says Thomas
Fahnemann, Chief Executive Officer of Semperit AG Holding. "The hydraulic hose
capacities put into operation in January 2015 are already well utilised. We are
further expanding production in Odry in order to continue on our growth path and
satisfy the strong demand for industrial hoses".
Expansion of industrial hose production
The investments are designed to extend production capacities for industrial
hoses by the middle of 2016. Capacity for mandrel built industrial hoses
utilised mainly by the construction, oil and transport industries, will be
increased by more than half. Production capacity for extruded long length
industrial hoses, used by the welding and mechanical engineering industries and
for automobile manufacturing, amongst other purposes, will be raised by about
one-third at the turn of the year 2015/16. The new industrial hose production
process will be even more efficient and of superior quality thanks to the
application of state-of-the-art robot technology.
New hydraulic hose capacities are already being well utilised
In 2014 Semperit invested more than EUR 10 million to expand hydraulic hose
production in Odry. As a result the production capacity available to Semperflex
in the Czech Republic climbed by about 30%. These additional capacities have
already been in operation since January 2015, and are already well booked with
customer orders.
Against the backdrop of the current challenging business environment, medium to
long-term demand for hoses is expected to be positive. Demand will be driven by
long-term global growth in the mechanical engineering and construction
industries as well as in mining. In particular, emerging markets catching up
with developed countries and infrastructure expansion will ensure ongoing demand
for hydraulic and industrial hoses integrated into construction and agricultural
machinery.
The outlook for capital expenditure (CAPEX) of the Semperit Group in 2015 is
planned at about EUR 75 million (2014: EUR 74 million), of which approximately
EUR 50 million relates to growth investments.
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 6,900
people worldwide, including close to 4,100 in Asia and more than 800 in Austria
(Vienna and production site in Wimpassing, Lower Austria). The Group has 20
manufacturing facilities worldwide and numerous sales offices in Europe, Asia,
and America. In 2014 the group generated sales of EUR 930 million and an EBITDA
of EUR 136 million.
About Semperflex
The Semperflex segment of the Semperit Group develops, manufactures and markets
worldwide hydraulic hoses, industrial hoses, elastomer sheeting and abrasion
protection. Production at sites in Austria, Czech Republic, Italy, Germany,
China and Thailand takes place in line with the highest quality standards.
Semperflex plans to further strengthen its leading market position by
continually expanding production capacities and increasing its presence on
growth markets. In 2014 the Semperflex segment generated revenue of EUR 202
million and an EBITDA of EUR 49 million.
About Semperflex Optimit
Semperflex Optimit is the largest producer of hydraulic and industrial hoses in
Europe with an export rate of about 90%. The factory located in the east of the
Czech Republic is part of the Semperit Group since
Further inquiry note:
Martina Büchele
Head of Group Communications
Tel.: +43 676 8715 8621
martina.buechele@semperitgroup.comwww.semperitgroup.com
Stefan Marin
Investor Relations
Tel.: +43 676 8715 8210
stefan.marin@semperitgroup.com
end of announcement euro adhoc
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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