Skip to main content
Sister Publication Links
  • Rubber & Plastics News
Subscribe
  • My Account
  • LogIn
  • News
  • Technology Focus
    • Features
    • Technical Papers
    • Analysis: Rubber mixing plants of the future
      Analysis: US probes dumping by ESBR suppliers
      Opinion: Tire labels stuck in a rut
      Analysis: NR pricing takes one step forward, two steps back
    • White paper: Role of tire innerliners in improving 'in-use rolling resistance'
      White paper: Why tire air retention matters now more than ever
      Nippon Soda: Use of 1,2-polybutadiene in CSM rubber applications
      Elastomers for Sustainability Top 10
  • Events
    • ERJ Events
    • ERJ Livestreams & Webinars
    • Industry Events
    • Journey to Automation Awards 2020
      Sustainability: Top 10 E4S projects table
  • Maps & Reports
  • People
  • Directory
  • Digital Edition
  • Brainiac
MENU
Breadcrumb
  1. Home
  2. News
June 19, 2018 12:00 AM

Semperit shutting down Chinese belt production site

Shahrzad Pourriahi
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Vienna – Semperit AG is shutting down a 120-employee production site for conveyor belts in China, the Vienna-based group has announced.

    The decision to terminate production at the Sempertrans production site Best (ShanDong) Belting Co. Ltd, was made after a “thorough analysis.”

    Located in the Shandong province on the Chinese east coast, the site had a turnover of €15 million in 2017.

    The shutdown is part of an ongoing company restructuring process, according to Semperit chairman Martin Füllenbach.

    “In the course of this [review of production footprint], it was noted that other production sites in perspective show higher margins,” explained Füllenbach.

    Additionally, the Austrian rubber goods manufacturer expects the shutdown to reduce complexity at group level.

    Semperit said it was taking “appropriate social measures” for the affected employees.

    The plant shutdown will have a €10-million impact on the group’s earnings (EBIT) in 2018, including impairments and other valuation allowances in addition to provisions.

    The company in Shandong was founded by Semperit as a joint venture with the state-owned energy company Wang Chao Coal & Electricity Group in 2010.

    The Chinese partner currently holds a 16.1% stake.

    The production site manufactures textile and steel cord belts and has served the export markets and the Chinese market so far.

    RECOMMENDED FOR YOU
    Versalis gains sustainability cert for product from bionaphtha and chemical recycling
    Versalis gains sustainability cert for product from bionaphtha and chemical recycling
    Michelin tires will be “100% sustainable” by 2050
    Michelin tires will be “100% sustainable” by 2050
    MouldTex advances mould-texturing for friction-optimised rubber parts
    MouldTex advances mould-texturing for friction-optimised rubber parts
    Free Newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Get the latest news impacting the European rubber industry, from breaking news to razor-sharp analysis, in print and online.

    Subscribe now
    Connect with Us
    • LinkedIn
    • Twitter
    • Youtube

    Logo
    Contact Us

    @ 2019 European Rubber Journal. 
    European Rubber Journal is published bi-monthly by NUERJ Ltd.

    Registered Office: Castle House, 89 High Street,
    Berkhamsted, Hertfordshire HP4 2DF, United Kingdom. 

    Tel. + 44 (0)203 196 0141 

    Registered No. 13104613 England

    Email: [email protected]

    Website www.european-rubber-journal.com

    Customer service 

    Tel. + 44 (0)203 196 0141 

     

    Resources
    • About us
    • Contact Us
    • Advertise with Us
    • Media Kit
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
    • Technology Focus
      • Features
      • Technical Papers
    • Events
      • ERJ Events
      • ERJ Livestreams & Webinars
      • Industry Events
    • Maps & Reports
    • People
    • Directory
    • Digital Edition
    • Brainiac