DGAP-News: SKW Stahl-Metallurgie Holding AG: SKW Metallurgie Group completes takeover of Swedish calcium carbide plant
(firmenpresse) - DGAP-News: SKW Stahl-Metallurgie Holding AG / Key word(s): Mergers&Acquisitions
SKW Stahl-Metallurgie Holding AG: SKW Metallurgie Group completes
takeover of Swedish calcium carbide plant
01.02.2011 / 11:11
---------------------------------------------------------------------
Press Release
SKW Metallurgie Group completes takeover of Swedish calcium carbide plant
* Vertical integration secures raw material supply for European hot metal
desulphurization activities
* Additional contributions to revenues and earnings from supply to the gas
industry
Unterneukirchen (Germany), February 1, 2011. The specialty chemical Group
SKW Metallurgie, quoted in the German SDAX index, has successfully
completed (closing) on February 1, 2011 the takeover of a calcium carbide
plant (asset deal) in Sweden, as announced in the ad hoc release of
December 17, 2010 (signing).
By that transaction, the SKW Metallurgie Group significantly expands its
European activities in hot metal desulphurization along the value chain. On
the one hand, the Group-internal raw material supply is being secured. On
the other hand, additional sales potential, in particular in Northern
Europe, is being generated for the SKW Metallurgie Group, both for calcium
carbide-based hot metal desulphurization solutions as well as for other
products of the Group. In addition, calcium carbide products from the new
plant are also sold to the gas industry, to which market the SKW
Metallurgie Group has not supplied before to any significant extent.
In total, the takeover is expected to increase annual sales in the low
two-digit million euro range.
Seller is an affiliate of Dutch coatings and chemical Group AkzoNobel. The
purchase price takes the current investment needs into consideration.
Buyer is a Swedish affiliate of SKW Stahl-Metallurgie Holding AG, which is
already being consolidated in the 2010 Group accounts.
Consolidation of the new plant will occur as from February 1, 2011. The new
production site is located in the Swedish town of Sundsvall and employs
about 40 staff members.
'This strategic takeover secures the long-term raw material supply for our
calcium carbide-based hot metal desulphurization activities in Europe. In
addition, we gain access to a new interesting sales market by supplying the
gas industry,' comments SKW Metallurgie's CEO Ines Kolmsee.
The SKW Metallurgie Group intends to announce guidance for the current
business year 2011 during its year-end press conference on March 24, 2011,
which will then entail the new activities in Sweden.
Further details on the SKW Metallurgie Group may be found on the Internet
site: www.skw-steel.com
Contact:
SKW Stahl-Metallurgie Holding AG
Christian Schunck
Head of IR and Corporate Communications
Fabrikstrasse 6
84579 Unterneukirchen
Germany
Phone: +49 8634-62720-15
Fax: +49 8634-62720-16
E-Mail: schunck(at)skw-steel.com
Internet: www.skw-steel.com
About SKW Stahl-Metallurgie Holding AG
SKW Metallurgie is the global market leader for chemical additives for hot
metal desulphurization, and for cored wire used in secondary metallurgy.
The Group's products enable steel-makers to efficiently manufacture
high-quality steel products. Clients include the world's leading companies
in the steel industry. The SKW Metallurgie Group has more than 50 years of
metallurgical know how, and currently operates in more than 40 countries.
What is more, the Group is a leading supplier of Quab specialty chemicals,
which are mainly used in the global production of industrial starch for the
paper industry. The company's operating business is broken down into the
two core segments 'Cored Wire' and 'Powder and Granules', and the 'Other'
segment. The SKW Metallurgie Group is headquartered in Germany with
production facilities in France, the US (6), Canada, Mexico, Brazil, South
Korea, the Peoples' Republic of China (2) and India (2 via joint ventures).
By the takeover described in this press release a plant in Sweden is being
added. In addition, plant expansions in the USA and Brazil and new plants
in Bhutan and Russia are currently under construction.
Shares of SKW Stahl-Metallurgie Holding AG have been listed in Frankfurt
Stock Exchange's Prime Standard since December 1, 2006 with ISIN
DE000SKWM013, and have been included in the SDAX index from June 23, 2008.
DISCLAIMER
This press release contains statements on future developments that are
based on currently available information and involve risks and
uncertainties that could cause the actual results to differ from these
forward-looking statements. These risks and uncertainties include, for
example, unpredictable changes in political and economic conditions,
particularly in the steel and paper industry, the competitive situation,
interest and currency risks, technological development as well as other
risks and unexpected circumstances. SKW Stahl-Metallurgie Holding AG and
its Group companies accept no obligation to update such forward-looking
statements.
End of Corporate News
---------------------------------------------------------------------
01.02.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's 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: SKW Stahl-Metallurgie Holding AG
Fabrikstrasse 6
84579 Unterneukirchen
Deutschland
Phone: +49 (0)8634 62720-15
Fax: +49 (0)8634 62720-16
E-mail: info(at)skw-steel.com
Internet: www.skw-steel.com
ISIN: DE000SKWM013
WKN: SKWM01
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
110692 01.02.2011
Datum: 01.02.2011 - 11:11 Uhr
Sprache: Deutsch
News-ID 33106
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 208 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: SKW Stahl-Metallurgie Holding AG: SKW Metallurgie Group completes takeover of Swedish calcium carbide plant"
steht unter der journalistisch-redaktionellen Verantwortung von
SKW Stahl-Metallurgie Holding AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
