Thomas Fahnemann-semperit

Report: Semperit to terminate Thai joint venture

Vienna, Austria – Semperit AG and Sri Trang-Argo Industry Public Co. Ltd. plan to terminate virtually all joint business activities after failing to resolve legal disputes.

The multi-company transactions, which a spokeswoman said are expected to close in March, will impact Semperit’s Sempermed, Semperflex and Semperform businesses, especially in the US and across the Asian region.

After 27 years of cooperation, the two companies signed an agreement 18 Jan that will, among other things, demerge their large protective glove production joint venture, Siam Sempermed Corp. Ltd., in…

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