Semperit, Sri Trang demerge Thai gloves JV

Vienna – Austrian rubber company Semperit and its Thai partner Sri Trang have agreed to demerge their Siam Sempermed rubber gloves joint venture, following a series of legal disputes between the partners.

Under the agreement announced 18 Jan, Semperit will take over the joint Sempermed distribution company in the US as well as production companies of the industrial sector in China. Sri Trang will take over the joint glove production in Thailand.

Semperit will receive a compensation payment of €157 million as a result of the demerger.


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