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EANS-Adhoc Semperit AG Holding / Partial award in arbitration regarding access to information

Nachrichtenagentur: news aktuell
25.03.2016, 20:46  |  393   |   |   
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announcement.
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Joint Ventures/Cooperation/Collaboration
25.03.2016

As already reported, the Semperit Group has been conducting three
arbitrations (International Chamber of Commerce) against its Thai
joint venture partner, Sri Trang-Agro Industry Public Co Ltd. Group
and the joint venture company, respectively. A partial award was
rendered in the arbitration proceedings against the joint venture
partner concerning the business operations and the business
relationship with the joint venture company Siam Sempermed
Corporation Limited (SSC). The arbitral tribunal decided that Sri
Trang-Agro Industry Public Co Ltd. and the other Thai joint venture
partners must comply with Semperit's request for access to SSC's
accounts and company records as well as for the restoration of
transparency at SSC. Other contentious issues that have not been
included in the partial award remain subject of the ongoing
proceedings.

About Semperit The publicly listed company Semperit AG Holding is an
internationally-oriented group that develops, produces, and sells in
more than 100 countries highly specialised rubber products for the
medical and industrial sectors: examination and surgical gloves,
hydraulic and industrial hoses, conveyor belts, escalator handrails,
construction profiles, cable car rings, and products for railway
superstructures. The headquarters of this long-standing Austrian
company, which was founded in 1824, are located in Vienna. The
Semperit Group employs more than 7,000 people worldwide, including
close to 4,100 in Asia and more than 800 in Austria (Vienna and
production site in Wimpassing, Lower Austria). The Group has 22
manufacturing facilities worldwide and numerous sales offices in
Europe, Asia, Australia and America. In 2015 the group generated
sales of EUR 915 million and an EBITDA of EUR 101 million.

Further inquiry note:
Martina Büchele

Head of Group Communications

Tel.: +43 676 8715 8621

martina.buechele@semperitgroup.com



Stefan Marin

Head of Investor Relations

Tel.: +43 676 8715 8210

stefan.marin@semperitgroup.com



www.semperitgroup.com

end of announcement euro adhoc
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issuer: Semperit AG Holding
Modecenterstrasse 22
A-1030 Wien
phone: +43 1 79 777-210
FAX: +43 1 79 777-602
mail: investor@semperitgroup.com
WWW: www.semperitgroup.com
sector: Synthetics & Plastics
ISIN: AT0000785555
indexes: WBI, ATX Prime, ViDX, Prime Market, ATX Global Players
stockmarkets: official market: Wien
language: English


Wertpapier: Semperit Holding

Themen: Euro, Invest, EUR


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