EQS-News: Semperit AG Holding invests over 100 million into the world’s first carbon-neutral hose production facilities

EQS-News: Semperit AG Holding / Key word(s): Strategic Company
   Decision/Expansion
   Semperit AG Holding invests over 100 million into the world’s first
   carbon-neutral hose production facilities

   13.07.2022 / 10:24
   The issuer is solely responsible for the content of this announcement.

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   Press release

    

   Semperit invests over 100 million into the world’s first carbon-neutral
   hose production facilities

    

     • New hall for highly automated production of hydraulic hoses in the
       Czech Republic
     • Production capacity increased by 32 million metres of hydraulic hose
       to almost 200 million metres of hose per year
     • Total investment amounts to around EUR 110 million
     • EUR 260 million in total invested into flagship factory in Odry in the
       Czech Republic since 1998

    

   Vienna, Austria/Odry, Czech Republic, 13 July 2022 – Alongside ongoing M&A
   activities, the publicly listed Semperit Group has set out its plan to
   boost organic growth at its huge hose factory in Odry in the Czech
   Republic. A total of EUR 110 million will be invested into extending one
   of the world’s largest production facilities for industrial and hydraulic
   hoses over the next few years, with a focus on sustainability and
   automation. Operations are set to start up in the new production hall in
   2025, where an extra 32 million metres of hydraulic hose will be added to
   the current production capacity.

    

   This project is the final stage of a plan to increase capacity that has
   seen investments made into all hose factories, including in China and in
   Thailand (in that case together with long-time joint venture partner Sri
   Trang Group). “By investing heavily in Odry, the Semperit Executive Board
   will be guaranteeing the ongoing organic growth of Semperflex, our
   successful hose division, and ensuring that we can continue to support our
   customers who are on track for exceptional expansion in the future,” says
   Karl Haider, CEO of the Semperit Group. Gerfried Eder, Managing Director
   of Semperflex, adds: “Being located close to our customers in Europe, a
   key market for us, brings us benefits like more manageable supply chains,
   faster deliveries, reduced carbon emissions, and savings on
   transportation. From this strong position, we can aim to
   disproportionately increase our market and supply share and achieve
   continued growth above the market average.”

    

   Hydraulic hoses go green

    

   Hose production will be powered exclusively by renewable energy at what
   will be the world’s first carbon-neutral hose production facilities. Even
   though capacity will be increased, the overall water consumption in Odry
   will drop by around 30% once the new hall is finished. With the flow of
   goods to be optimised, lead times will be improved too. “Every step of the
   production process that can be automated will be automated. This means we
   will be raising the bar for staff productivity, process stability, and
   consistent product quality higher than ever before,” says Michael
   Adelbauer, Director of Operations at Semperflex. “We will also be making
   life easier for our employees and removing elements of their jobs
   requiring physical effort and exertion, meaning that almost every step in
   our workflows could be performed by anyone of any gender.”

    

   Forever sharpening the competitive edge

    

   Semperit’s Semperflex segment, which accounted for around 29% of the
   Semperit Group’s total revenue in the first quarter of 2022, produces
   hydraulic and industrial hoses at sites in Austria, Thailand, and China in
   addition to the Czech Republic. Sustained efforts to increase capacity and
   maintain the highest of quality standards has seen Semperit become the
   third top company for hydraulic hoses in the world and reach second
   position for industrial hoses in Europe. Its customer database is full of
   well-known manufacturers of cranes, agricultural machinery, excavators,
   and construction machinery.

    

   Photo download, please click [1]here

    

   For queries, please contact:

    

   Monika Riedel           

   Director Group Brand Management,      

   Corporate Spokesperson

   +43 676 8715 8620

   [2]monika.riedel@semperitgroup.com

    

   Judit Helenyi

   Director Investor Relations 

   +43 676 8715 8310 

   [3]judit.helenyi@semperitgroup.com

    

   [4]www.semperitgroup.com

   [5]www.linkedin.com/company/semperit-ag

   About Semperit

   The publicly listed company Semperit AG Holding is an internationally
   oriented group that develops and produces highly specialised rubber
   products for the industrial and medical sectors, selling them in over 100
   countries around the world: hydraulic and industrial hoses, conveyor
   belts, escalator handrails, construction profiles, cable car rings,
   products for railway superstructures, and examination and surgical gloves.
   Founded in 1824, this long-standing Austrian company has its headquarters
   in Vienna, Austria. The Semperit Group employs around 7,000 people
   worldwide, including some 3,800 in Asia and approximately 900 in Austria
   (Vienna and production site Wimpassing, Lower Austria). The Group has 16
   manufacturing facilities worldwide and numerous sales offices in Europe,
   Asia, Australia, and America. In 2021, the Group generated revenue of EUR
   1,182.2 million and an EBITDA of EUR 361.8 million.

    

    

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   13.07.2022 This Corporate News was distributed by EQS Group AG.
   www.eqs.com

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   Language:    English
   Company:     Semperit AG Holding
                Am Belvedere 10
                1100 Wien
                Austria
   Phone:       +43 1 79 777-310
   Fax:         +43 1 79 777-602
   E-mail:      judit.helenyi@semperitgroup.com
   Internet:    www.semperitgroup.com
   ISIN:        AT0000785555
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1396937


    
   End of News EQS News Service


   1396937  13.07.2022 

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