DGAP-News: SKW Stahl-Metallurgie Holding AG: SKW Metallurgie Inaugurates Cored Wire Plant in Russia
(firmenpresse) - DGAP-News: SKW Stahl-Metallurgie Holding AG / Key word(s):
Miscellaneous
SKW Stahl-Metallurgie Holding AG: SKW Metallurgie Inaugurates Cored
Wire Plant in Russia
25.05.2011 / 07:56
---------------------------------------------------------------------
Press Release
SKW Metallurgie Inaugurates Cored Wire Plant in Russia
* Strategic expansion in growth market Russia
* Full revenues and earnings contribution as of 2012
* Significant potential for future capacity increases
Unterneukirchen (Germany), May 25, 2011. SDAX-quoted specialty-chemicals
Group SKW Metallurgie consequently continues its global expansion strategy.
In that context, it opened, in the Russian City of Kolomna in the District
of Moscow, on May 24, 2011 a production facility for high-end Affival cored
wire. Thereby the number of production sites of the SKW Metallurgie Group
increases to 16 - thereof seven for cored wire production. From the new
plant is Russia, cored wire is going to be sold to the Russian steel
industry as of H2 2011. That market, which is going to grow significantly
in the years to come, could so far only be served to a very limited extent
from Affival's main plant in France due to high transportation costs and
import duties. In the year of 2012, the new Russian plant of the SKW
Metallurgie Group is going to contribute to revenues and earnings for the
first full year.
'By inaugurating our plant in Russia, we achieved a further significant
step in the growth strategy towards the BRIC countries. We see Russia and
also the adjacent countries as important future markets of the SKW
Metallurgie Group due to their high steel production and their continuing
focus on quality steel', says the SKW Metallurgie Group's CEO, Ines
Kolmsee.
Significant potential for further expansion of capacities
The SKW Metallurgie Group considers the Russian market for high-end cored
wire as strongly growing in the medium term. Additional potential has also
been identified in the adjacent countries. Production at the new facility
in Kolomna can meet even such growing demand without difficulties, since
the Group-owned industrial real estate offers sufficient space for
short-term capacity expansions; hence, production capacity may be adjusted
to increasing sales volume with relatively minor additional investments.
The SKW Metallurgie Group commands, already now, good contacts to leading
steel plants in the region. The increased presence on the Russian cored
wire market will sustainably strengthen those client relationships and open
new sales potential also for other products of the Group, in particular in
hot metal desulphurization.
Contact
SKW Stahl-Metallurgie Holding AG
Christian Schunck
Head of IR and Corporate Communications
Fabrikstrasse 6
84579 Unterneukirchen
Germany
Phone: +49 8634-62720-0
Direct line IR/Press: +49 89 5998923-22
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, Sweden, Bhutan, the Peoples' Republic of China (2) and India (2 via
joint ventures). As described in this press release, an additional plant is
being opened in Russia. In addition, a plant expansion in Brazil is 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
---------------------------------------------------------------------
25.05.2011 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
---------------------------------------------------------------------
126063 25.05.2011
Datum: 25.05.2011 - 07:56 Uhr
Sprache: Deutsch
News-ID 34194
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 268 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: SKW Stahl-Metallurgie Holding AG: SKW Metallurgie Inaugurates Cored Wire Plant in Russia"
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).
