AUSTRIA/INDIA: SEMPERIT PLANNING ACQUISITION

Article Abstract:

Semperit AG Holding, the Austrian Wimpassing-based rubber products manufacturer has earmarked Sch 330mn-400mn for investments in year 2000. The next acquisition is to be made in India, involving production. Sch 75mn is to be invested in the research centre in Wimpassing. In year 2000 Semperit AG Holding expects a double-digit growth in both sales and profits. According to preliminary figures for 1999, the company made a profit on ordinary activities of Sch 450mn (up 12%) on a turnover of Sch 4.5bn (up 15%). The production of conveyor belts for mining generated sales of Sch 650mn, down 1% from 1998. The decline, which is attributed to pressure on prices, is to be reversed in year 2000, as synergies are expected from the new Polish subsidiary Stomil Belchatow S.A.. The medical gloves division Sempermed increased sales by 17% to Sch 1.8bn. The Semperflex division making high-pressure hydraulic hoses for industry saw a 35% increase in turnover to Sch 1.1bn. Semperform technical formed parts sales increased 7% to Sch 1bn.

Sales, profits & dividends, India, Rubber & plastics hose & belting, Rubber & Plastic Belting & Hose, Rubber and Plastics Hoses and Belting Manufacturing

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AUSTRIA/POLAND: RUMOURS ABOUT SEMPERIT

Article Abstract:

There are rumours according to which the management of Vienna-based Semperit Holding is planning a takeover of the company, the world's leading producer of specialist rubber gloves. The company is owned 25% by Creditanstalt and Wiener Stadtische each. The bank has indicated that it is prepared to sell its stake. Semperit has an equity ratio of 30%. In the first quarter of 2000 it saw a 12% increase in turnover to Sch 1.146bn. An almost as high increase was recorded in profit on ordinary activities, which rose to Sch 114mn. By taking over 73% of the stock of the Polish company Stomil Belchatow, Semperit has become one of Europe's biggest producers of conveyor belts. The Polish company made profits on a turnover of more than Sch 200mn in 1999.

Asset sales & divestitures, Strategy & planning, Poland

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AUSTRIA: SEMPERIT GROWING OVERSEAS

Article Abstract:

Austrian Semperit Holding, a producer of specialist gloves (Sempermed), railings (Semperform), conveyor belts (Sempertrans) and specialist parts (Semperflex), sees growth potential on the Far East, South American and Australian markets. In year 2001 the company is to raise the foreign share of turnover from 92% to 95%. After having won an exclusive 3-year contract from Otis, Semperit is to expand considerably the escalator railings factory in China. In year 2000 Semperit saw a 13% increase in turnover to Sch 5.1bn. Despite a 80% increase in rubber prices, profit on ordinary activities rose 12% to Sch 508mn.

United States, China, Foreign operations, Strategic alliances, Use of materials & supplies, Elevator and Moving Stairway Manufacturing, Elevators and moving stairways, Escalators & Moving Walkways

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