Semperit shifts focus to medical business rejig

Vienna – Semperit AG is to focus ongoing restructuring measures on its Sempermed medical segment, the Austrian group announced 22 March.

The rubber products maker reported a volume decrease and an impairment of €55.2 million at its medical unit in 2018.

The business area, which produces latex gloves, posted a 7.6% year-on-year decline in sales to €311.5 million last year.

The unit also posted a loss of €3.9 million last year compared to a profit of €1.8 million in 2017.

This, said Semperit, was due to “unsatisfactory operating performance”…

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