EANS-Adhoc: Semperit AG Holding Partial award in arbitration regarding access
to information
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announcement.
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Joint Ventures/Cooperation/Collaboration
25.03.2016
As already reported, the Semperit Group has been conducting three arbitrations
(International Chamber of Commerce) against its Thai joint venture partner, Sri
Trang-Agro Industry Public Co Ltd. Group and the joint venture company,
respectively. A partial award was rendered in the arbitration proceedings
against the joint venture partner concerning the business operations and the
business relationship with the joint venture company Siam Sempermed Corporation
Limited (SSC). The arbitral tribunal decided that Sri Trang-Agro Industry Public
Co Ltd. and the other Thai joint venture partners must comply with Semperit's
request for access to SSC's accounts and company records as well as for the
restoration of transparency at SSC. Other contentious issues that have not been
included in the partial award remain subject of the ongoing proceedings.
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 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. The Semperit Group employs more than
7,000 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
22 manufacturing facilities worldwide and numerous sales offices in Europe,
Asia, Australia and America. In 2015 the group generated sales of EUR 915
million and an EBITDA of EUR 101 million.
Further inquiry note:
Martina Büchele
Head of Group Communications
Tel.: +43 676 8715 8621
martina.buechele@semperitgroup.com
Stefan Marin
Head of Investor Relations
Tel.: +43 676 8715 8210
stefan.marin@semperitgroup.comwww.semperitgroup.com
end of announcement euro adhoc
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issuer: 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