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R. STAHL AG acquires an interest in Russian company ZAVOD Goreltex
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0 KommentareDGAP-News: R. Stahl AG / Key word(s): Investment
R. STAHL AG acquires an interest in Russian company ZAVOD Goreltex
16.09.2016 / 11:22
The issuer is solely responsible for the content of this announcement.
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R. STAHL AG acquires an interest in Russian company ZAVOD Goreltex
16.09.2016 / 11:22
The issuer is solely responsible for the content of this announcement.
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PRESSEINFORMATION / PRESS RELEASE
R. STAHL AG acquires an interest in Russian company ZAVOD Goreltex
Waldenburg, 16 September 2016 - R. STAHL consistently expands its market
position in Russia. The German company R. STAHL acquires an interest of
25% in Russian company ZAVOD Goreltex, in the context of a capital
increase. ZAVOD Goreltex is number two in the Russian explosion protection
market. With this investment, R. STAHL lays the foundations for additional
growth in Russia.
ZAVOD Goreltex is located in Saint Petersburg and today has the sales
offices in Saint Petersburg, Tyumen, Perm, Khabarovsk and also in Belarus
and Kazakhstan. The Russian company has 23 years of experience in explosion
protection and is one of the leading players on the Russian explosion
protection market. Goreltex is a manufacturer of explosion-protected
equipment, with two large manufacturing sites in Saint Petersburg and
Tyumen. The company has grown strongly in recent years. With the capital
increase provided by R. STAHL, the production facilities in
Saint Petersburg will be extended.
"We have monitored the development in the Russian market and we are
convinced that the market will have great potential in future. Investment
in company Goreltex will grant us easier access to the Russian market to
strengthen and to expand R. STAHL's position", says Martin Schomaker, CEO
of R. STAHL AG, about the reasons for the investment. "Though the German-
Russian relations are currently strained, we expect them to stabilize in
the long term so that commercial business will be promoted", Bernd Marx,
CFO of R. STAHL AG, elaborates. Due to the current European embargo policy,
Russian companies are urged by their government to prefer the products
manufactured in the territory of the Russian Federation instead of foreign
manufactures. This strongly increases growth of the Russian manufacturers
including manufacturers of Ex-products. Through the application of the
German products in the equipment produced in Russia, the product range of
ZAVOD Goreltex will be significantly extended. Through the investment,
R. STAHL will take part in the development of the Russian company.
About R. STAHL - www.stahl.de
R. STAHL is the world's leading supplier of electrical and electronic
products and systems for explosion protection. These products and systems
prevent explosions in hazardous areas and contribute to the safety of
people, machines and the environment. The portfolio ranges from products
used in switching/distributing, installing, operating/monitoring, lighting
and signalling/alarming up to automation. Typical customers are the oil &
gas industry, the chemical and pharmaceutical industry and the food
industry. In 2015, global sales amounting to EUR 312.9 million were
generated with 1,894 employees. The shares of R. STAHL AG are traded on
the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).
Contact:
R. STAHL AG
Am Bahnhof 30, 74638 Waldenburg (Württ.)
Bernd Marx (CFO)
Phone: +49 7942 943 1271
Carmen Kulle (Investor Relations)
Phone: +49 7942 943 1395
E-mail: investornews@stahl.de
---------------------------------------------------------------------------
16.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: R. Stahl AG
Am Bahnhof 30
74638 Waldenburg
Germany
Phone: +49 (7942) 943-0
Fax: +49 (7942) 943-4333
E-mail: info@stahl.de
Internet: www.stahl.de
ISIN: DE000A1PHBB5
WKN: A1PHBB
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Tradegate Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
502547 16.09.2016
R. STAHL AG acquires an interest in Russian company ZAVOD Goreltex
Waldenburg, 16 September 2016 - R. STAHL consistently expands its market
position in Russia. The German company R. STAHL acquires an interest of
25% in Russian company ZAVOD Goreltex, in the context of a capital
increase. ZAVOD Goreltex is number two in the Russian explosion protection
market. With this investment, R. STAHL lays the foundations for additional
growth in Russia.
ZAVOD Goreltex is located in Saint Petersburg and today has the sales
offices in Saint Petersburg, Tyumen, Perm, Khabarovsk and also in Belarus
and Kazakhstan. The Russian company has 23 years of experience in explosion
protection and is one of the leading players on the Russian explosion
protection market. Goreltex is a manufacturer of explosion-protected
equipment, with two large manufacturing sites in Saint Petersburg and
Tyumen. The company has grown strongly in recent years. With the capital
increase provided by R. STAHL, the production facilities in
Saint Petersburg will be extended.
"We have monitored the development in the Russian market and we are
convinced that the market will have great potential in future. Investment
in company Goreltex will grant us easier access to the Russian market to
strengthen and to expand R. STAHL's position", says Martin Schomaker, CEO
of R. STAHL AG, about the reasons for the investment. "Though the German-
Russian relations are currently strained, we expect them to stabilize in
the long term so that commercial business will be promoted", Bernd Marx,
CFO of R. STAHL AG, elaborates. Due to the current European embargo policy,
Russian companies are urged by their government to prefer the products
manufactured in the territory of the Russian Federation instead of foreign
manufactures. This strongly increases growth of the Russian manufacturers
including manufacturers of Ex-products. Through the application of the
German products in the equipment produced in Russia, the product range of
ZAVOD Goreltex will be significantly extended. Through the investment,
R. STAHL will take part in the development of the Russian company.
About R. STAHL - www.stahl.de
R. STAHL is the world's leading supplier of electrical and electronic
products and systems for explosion protection. These products and systems
prevent explosions in hazardous areas and contribute to the safety of
people, machines and the environment. The portfolio ranges from products
used in switching/distributing, installing, operating/monitoring, lighting
and signalling/alarming up to automation. Typical customers are the oil &
gas industry, the chemical and pharmaceutical industry and the food
industry. In 2015, global sales amounting to EUR 312.9 million were
generated with 1,894 employees. The shares of R. STAHL AG are traded on
the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).
Contact:
R. STAHL AG
Am Bahnhof 30, 74638 Waldenburg (Württ.)
Bernd Marx (CFO)
Phone: +49 7942 943 1271
Carmen Kulle (Investor Relations)
Phone: +49 7942 943 1395
E-mail: investornews@stahl.de
---------------------------------------------------------------------------
16.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: R. Stahl AG
Am Bahnhof 30
74638 Waldenburg
Germany
Phone: +49 (7942) 943-0
Fax: +49 (7942) 943-4333
E-mail: info@stahl.de
Internet: www.stahl.de
ISIN: DE000A1PHBB5
WKN: A1PHBB
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Tradegate Exchange
End of News DGAP News Service
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502547 16.09.2016
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