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8:44 | 17.04.2009
DJ EANS-Adhoc: SEMPERIT SOLE SHAREHOLDER OF SEMPERTRANS NIRLON, INDIA
DJ EANS-Adhoc: SEMPERIT SOLE SHAREHOLDER OF SEMPERTRANS NIRLON, INDIA =------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. =------------------------------------------------------------------------------- 17.04.2009 In the course of ongoing international expansion Semperit AG Holding takes over the remaining 26% of the shares of Sempertrans Nirlon, India, from its former local joint-venture partner. This transaction makes Semperit the sole shareholder of Sempertrans Nirlon. Sempertrans Nirlon manufactures textile conveyor belts and targets mainly the Indian home market. In 2008 the installation of a complete new production line almost doubled the capacity. This investment constitutes the basis of further growth in India as well as for increased export to the whole Asian region. end of announcement euro adhoc =------------------------------------------------------------------------------- (END) Dow Jones Newswires April 17, 2009 02:44 ET (06:44 GMT) |
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