EANS-Adhoc: Semperit AG Holding Partial award against Siam Sempermed
Corporation Ltd. (SSC) in arbitration proceedings regarding restoration of
transparency, access to books of accounts, as well as to premises and factories
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Joint Ventures/Cooperation/Collaboration
03.06.2016
As already reported, Semperit Group is involved in arbitration proceedings
against its Thai joint venture partner, Sri Trang-Agro Industry Public Co Ltd.
Group and the joint venture company Siam Sempermed Corporation Ltd. (SSC).
A partial award was rendered in the arbitration proceedings against SSC. The
arbitral tribunal decided that SSC must comply with Semperit's request for the
restoration of transparency, access to books of accounts, as well as to premises
and factories.
In case SSC does not comply with this partial award, enforcement proceedings may
become necessary.
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 96 million.
Further inquiry note:
Martina Büchele
Group Head of Communications
Tel.: +43 676 8715 8621
martina.buechele@semperitgroup.comwww.semperitgroup.com
Stefan Marin
Head of Investor Relations
Tel.: +43 676 8715 8210
stefan.marin@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