DGAP-News: SURTECO SE / Key word(s): Miscellaneous
SURTECO takes an important step towards optimizing its production
network following the Süddekor integration
07.05.2014 / 15:29
---------------------------------------------------------------------
Press Release
SURTECO takes an important step towards optimizing its production network
following the Süddekor integration
- Decor printing activities are concentrated at the Buttenwiesen site
following the integration of Süddekor
- Implementation of measures to 2016
- Significant synergies at the cost level - focus on personnel management
with social compensation scheme
Buttenwiesen-Pfaffenhofen, 7 May 2014 -SURTECO SE - one of the leading
manufacturers of decorative surface materials - announces roll-out of the
first strategic measures for integration of the Süddekor Group, which was
taken over at the end of 2013. The Board of Management has decided to
concentrate the decorative printing activities of the SURTECO Group at the
Buttenwiesen site and to transfer the printing section of Plant I of
Süddekor GmbH, Laichingen, there. The laboratory facilities will also be
transferred there. The paintwork division of Süddekor GmbH (Plant II in
Laichingen) and Dakor Melaminimprägnierungen GmbH, Heroldstatt, are not
included in the resolution.
"Since the sales structures have already been harmonized following the
takeover of Süddekor, the focus is now on optimization of our production
network," commented Chairman of the Board of Management of SURTECO SE,
Friedhelm Päfgen.
The transfer of printing activities is to be introduced promptly and
implemented by 2016. This will enable substantial costs to be saved. The
move will safeguard production in Germany over the long term while also
providing an efficient counterweight to increasing competitive pressure.
The administrative and central functions which are necessary for operation
of
Plant II will remain in Laichingen while all other operations will be
concentrated in Buttenwiesen.
A concept is being worked out together with the employee representatives to
implement these measures. The objective is to give the maximum number of
employees from Laichingen a job at Buttenwiesen located roughly 100
kilometres away. Where job losses are unavoidable the company will make
arrangements for a social compensation scheme.
This concentration of operations on a single site has already delivered
tangible improvements for customers who have been supported by sales from a
single source since the beginning of March under the Group logo "SURTECO
Decor". Harmonization of the colour, engraving and printing standards will
optimize speed of delivery and flexibility to a very high level of quality.
You will find further information on SURTECO SE on the Internet at
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 21
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/Bremen, 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:
<pre>
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 ir@SURTECO.com
Fax + 49 (0) 8274/99 88-515
</pre>
End of Corporate News
---------------------------------------------------------------------
07.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group 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: 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: ir@surteco.com
Internet: www.surteco.com
ISIN: DE0005176903
WKN: 517 690
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
266999 07.05.2014
DGAP-News: SURTECO takes an important step towards optimizing its production network following the Süddekor integration
| Source: EQS Group AG