Vienna, Austria -- With the announcement of record sales and earning for the first half of 2005, Semperit AG Holding announced plans for three new factories in Asia
The company is building a factory for hydraulic hose in Shanghai, China. Semperit said, "the newly established subsidiary Semperflex Shanghai Ltd., will initially produce about 7 million meters p.a. for the Chinese and US markets. With a USD 30 million budget and USD 15 million in registered capital, this facility is one of the largest investment projects our group has ever undertaken."
The Semperit statement continued, "The handrail production operations already existing at Shanghai Semperit Rubber & Plastic Products Co., Ltd will be moved to the property directly adjoining Semperflex and substantially expanded. These handrails are intended largely for the Chinese market. The geographic proximity of the two production sites creates utilisable synergies in machinery and personnel."
Semperit is also building a third examination glove factory in Hat yai, Thailand. The factory is close to the other two factories, and is due to begin operations in the second half of 2005.
Semperit said consolidated sales for the first six months of 2005 increased on the same period the year before by some 5.1 percent, to â‚¬ 257.1 million while profit before tax (PBT) rose by 3.7 % to â‚¬ 28.1 million.
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Results Statement fropm Semperit
Statement from Semperit, includes Asian expansion plans