DGAP-News: Masterflex AG / Key word(s): Miscellaneous
Masterflex AG: Internationalisation continues
01.03.2012 / 09:00
---------------------------------------------------------------------
PRESS RELEASE
Masterflex - internationalisation continues
Gelsenkirchen, 1 March 2012 - The Masterflex Group's international focus is
rapidly advancing. Recently, the subsidiary Masterflex Asia Pte Ltd in the
city-state of Singapore was formally founded. The senior manager has been
on board since the end of 2011. The subsidiary is currently moving into the
offices in the German Centre in Singapore. At present, suitable staff is
being recruited for the sales department in Singapore as well as in the
neighbouring regions. The future location in China was also already found.
Suitable premises with facilities for offices, a warehouse and production
were found in Kunshan, approximately 1.5 hours from Shanghai by car. The
current business activities on site are highly promising and the first
projects and new customers are already in the starting blocks.
The accelerated internationalisation strategy of the supplier of high-tech
hoses and connector systems is proving absolutely correct. 'Our positive
revenue development in the BRIC countries, in which we have already been
operating since 2010, is highly promising,' says Dr Andreas Bastin, CEO of
Masterflex AG. The first new companies were established in Russia and
Brazil in 2010. With the step towards Asia - and particularly China - that
began at the end of 2011, Masterflex is continuing to expand consistently
to the dynamic regions of the world.
In the course of the internationalisation process, Masterflex now also
wants to adapt its legal form. The Masterflex AG bodies, the Executive
Board and Supervisory Board, will propose to the Annual General Meeting on
19 June 2012 that Masterflex AG be converted into Masterflex SE.
The Societas Europaea (SE) is a legal form of the European Union. The
normal international legal form of SE is better suited for acceptance by
globally operating customers and investors. As Bastin comments: 'With the
SE, we accelerate our internationalisation process and thus our
appreciation potential. For this reason, this step is also correct and
important for our investors.'
On Monday, 5 March 2012, Masterflex will publish the preliminary figures
for the financial year 2011.
The Masterflex Group, based in Gelsenkirchen, is a specialist in the
development and production of high-quality connector and hose systems using
innovative high-tech plastics. With operational subsidiaries soon to number
14 in Europe, America and Asia, the Group is represented almost all around
the world. The many potential uses of high-tech hoses, coupled with
outstanding expertise in the processing of high-end plastics, enable
Masterflex to provide solutions that would otherwise be inadequate or
impossible with conventional materials. The Group's growth is driven by
internationalisation and innovation. Masterflex shares have been listed as
Prime Standard on the German stock exchange since 2000.
Contact: Dr. Annette Littmann, annette.littmann@masterflex.de
Phone + 49 209 970 77 44
End of Corporate News
---------------------------------------------------------------------
01.03.2012 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: Masterflex AG
Willy-Brandt-Allee 300
45891 Gelsenkirchen
Germany
Phone: +49 (0)209 97077-44
Fax: +49 (0)209 97077-20
E-mail: annette.littmann@masterflex.de
Internet: www.masterflex.de
ISIN: DE0005492938
WKN: 549 293
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
158861 01.03.2012
DGAP-News: Masterflex AG: Internationalisation continues
| Quelle: EQS Group AG