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

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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][email protected]

 

Judit Helenyi

Director Investor Relations 

+43 676 8715 8310 

[3][email protected]

 

[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: [email protected]
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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