Semperit announces improved sales, profits in Q3

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Semperit announces improved sales, profits in Q3

Post  Administrator on Tue Nov 15, 2011 2:15 pm

Semperit announces improved sales, profits in Q3

15 November 2011

Vienna, Austria -- Semperit Group saw rising sales and profits in the first nine months of 2011. Sales for the Austrian Group with its two sectors Medical and Industrial rose 20.6 percent to EUR 626.2 million in the first three quarters.

The company said it will open a new glove factory in Thailand. Following the launch of the new Siam Sempermed production facility in Surat Thani in April 2011, a third Thai production location is now to be established in Trang. From 2013, it is expected to have the capacity to produce 3 billion units of examination and protective gloves and has been designed for 4.5 billion units.

Semperflex, which produces hydraulic and industrial hoses as well as rubber sheeting, will expand production capacity in the Czech Republic, Thailand and China. Asia will see an increase of some 15 percent by the second half of 2012, while in the Czech Republic it will be some 20 percent. Semperform's existing handrail plant in China will also be expanded.

With a healthy order book in all segments of the Semperit Group, satisfactory capacity utilisation is also expected in the fourth quarter of 2011. Nevertheless, first capacity adjustments have already been made and at certain locations production shifts have been reduced.

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