Ad-hoc | 10 March 2017 15:54
ROY Ceramics SE: Depreciation of the carrying amount of property, plant and equipment
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ROY Ceramics SE / Key word(s): Miscellaneous
AD HOC ANNOUNCEMENT ROY CERAMICS SE We have now started to demolish some of the factory buildings at the old production facility in Beijing, China. An independent professional valuer of ceramics manufacturing plant and machinery has been appointed to assess the condition and suitability of all equipment on the Beijing site for shipment to either an OEM production facility in Thailand or to the USA for future use in the new production facility to be located in Houston, Texas. As it has been determined that some of the equipment can not be shipped to Thailand or USA for use in these locations certain items will have to be disposed of in order to clear the site. This has necessitated a write down of c. Euros 9.5 Million in the book value of the Group’s plant and machinery which is subject to review by the Group’s auditors.
ROY CERAMICS SE
Contact: Siegfried Lee Managing Director ROY Ceramics SE Bockenheimer Landstr. 17/19 60325 Frankfurt am Main Tel. +49 (0)69 710455155 Fax +49 (0)69 710455450
10-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | ROY Ceramics SE |
| Bockenheimer Landstr. 17/19 | |
| 60325 Frankfurt/Main | |
| Germany | |
| Phone: | +49 (0) 69 710455155 |
| Fax: | +49 (0)69 710455450 |
| E-mail: | ir@royceramics.de |
| Internet: | www.royceramics.de |
| ISIN: | DE000RYSE888 |
| WKN: | RYSE88 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart; Wien (Dritter Markt (MTF) / Third Market (MTF)) |
| End of Announcement | DGAP News Service |