02.02.2015
SURTECO SE DE0005176903
DGAP-News: SURTECO SE: SURTECO optimizes production network in North America
DGAP-News: SURTECO SE / Key word(s): Miscellaneous
SURTECO SE: SURTECO optimizes production network in North America
02.02.2015 / 10:25
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Press Release
SURTECO optimizes production network in North America
Buttenwiesen-Pfaffenhofen, 2 February 2015 - SURTECO SE - one of the
leading manufacturers of decorative surface materials - has taken a further
step towards simplifying its corporate structure within the framework of
its long-term strategy. The impregnating plant located in Biscoe/USA was
taken over by SURTECO when the Süddekor Group was acquired at the end of
2013 and this facility has now been sold to wood-based materials
manufacturer Arauco North America in the course of this restructuring. In
future, SURTECO will concentrate its production activities for impregnates
in North America at its location in East Longmeadow/USA where capacity has
already been expanded.
This step will enable SURTECO to continue its goal of continuous
improvement in the internal processes directed towards cost reduction and
optimising the utilisation of capacities.
You can find further information about SURTECO SE on the Internet by going
to www.surteco.com.
Profile of SURTECO
SURTECO SE, Buttenwiesen-Pfaffenhofen, is a leading international
specialist for surface technologies. The product portfolio includes papers
printed with decorative designs, impregnated products, release paers,
decorative flat foils and edgebandings based on specialist papers for
technical applications and plastics. The extensive product portfolio is
completed by skirtings made of plastic, technical extrusions for industry
and do-it-yourself ranges and shutter systems.
The Group currently has a workforce of appr. 2,700 and manufactures at 20
sites on four continents, currently generating approximately 30 % of sales
in Germany, 45 % in European countries outside Germany and the remainder in
America, Asia and Australia. Customers of SURTECO generally come from the
wood based materials, flooring and furnishing industry and the interior
industry.
The shares of SURTECO SE are listed on the official market (Prime Standard)
of the Frankfurt and Munich Stock Exchanges under the ticker symbol SUR and
ISIN DE0005176903. They are also traded on the stock markets in Berlin,
Düsseldorf and Stuttgart. The stock is listed on the SDAX of Deutsche
Börse.
Cautionary note regarding forward-looking statements
This press release contains statements of future forecasts or expectations
and other forward-looking statements and involves known and unknown risks
and uncertainties. There is therefore no guarantee for the statements and
expectations expressed herein. The actual results and developments may
differ substantially. The company does not intend to - and assumes no
obligation - to update any forward looking statements contained herein or
to adapt such information to future results or developments.
Contact:
SURTECO SE Andreas Riedl Martin Miller Chief Financial Officer Investor Relations and Press Office + 49 (0) 8274/99 88-563 + 49 (0) 8274/99 88-508 Internet www.surteco.com Email [email protected] Fax + 49 (0) 8274/99 88-515--------------------------------------------------------------------- 02.02.2015 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. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: SURTECO SE Johan-Viktor-Bausch-Str. 2 86647 Buttenwiesen-Pfaffenhofen Germany Phone: +49 (0)8274 99 88-0 Fax: +49 (0)8274 99 88-5 05 E-mail: [email protected] Internet: www.surteco.com ISIN: DE0005176903 WKN: 517 690 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 318417 02.02.2015
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