EANS-Adhoc: SEMPERIT SOLE SHAREHOLDER OF SEMPERTRANS NIRLON, INDIA
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Company Information
17.04.2009
In the course of ongoing international expansion Semperit AG Holding takes over the remaining 26% of the shares of Sempertrans Nirlon, India, from its former local joint-venture partner. This transaction makes Semperit the sole shareholder of Sempertrans Nirlon.
Sempertrans Nirlon manufactures textile conveyor belts and targets mainly the Indian home market. In 2008 the installation of a complete new production line almost doubled the capacity. This investment constitutes the basis of further growth in India as well as for increased export to the whole Asian region.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Semperit AG Holding
Michael Wolfram
Tel.: +43 (1) 79 777-583
Mobile: +43 676 871 55 83
E-mail: michael.wolfram@semperit.at
Branche: Synthetics & Plastics
ISIN: AT0000785555
WKN: 870378
Index: WBI, ATX Prime, ViDX
Börsen: Börse Frankfurt / stock market
Börse Stuttgart / stock market
Börse Berlin / free trade
Wiener Börse AG / official market
Original-Content von: Semperit AG Holding, übermittelt durch news aktuell