Ad-hoc | 12 April 2001 07:59
Ad hoc-Service: SW Umwelttechnik
english
Ad hoc announcement transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
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New facility for infrastructural products in Budapest
Takeover of Stadlbauer Umwelttechnik
Central and Eastern European wastewater treatment specialists SW Umwelttechnik
are increasing their stake in Stadlbauer Umwelttechnik GmbH from 51% to 100%.
The shares are being acquired from building suppliers Baubedarfszentrum
Stadlbauer AG for an undisclosed purchase price.
Stadlbauer Umwelttechnik is among Austria’s top three producers of concrete and
reinforced concrete pipes and shafts.
This takeover paves the way for full integration of the subsidiary, and is
expected to result in more effective exploitation of the synergies between it
and the other companies of the SW Umwelttechnik Group. Savings can be expected
both in marketing and distribution and through optimized use of production
capacities.
With its subsidiaries Strong & Mibet und Rocla Hungaria, SW Umwelttechnik is
already market leader in concrete and reinforced concrete pipes shafts in
Hungary.
Further expansion in Hungary – new production facility in Budapest
Last year’s satisfactory developments in the Hungarian market have prompted SW
Umwelttechnik to set up a new production facility for infrastructural products
on a 15-hectare site just south of Budapest. The facility is expected to cost
some EUR 4 million and to go into production before the end of 2001.
SW Umwelttechnik currently enjoys market leadership in infrastructural products
in Eastern Hungary. With the new site, it is aiming to extend its leadership to
Central Hungary as well.
Contact
Heinz Wolschner, member of the Management Board of SW Umwelttechnik
Tel.: +43 (0)463 321 09 0; fax: +43 (0)463 37667
Christian Riel, Finance & Investor Relations
Tel.: +43 (0)664 433 71 05; fax: +43 (0)1 368 86 86,
E-mail: christian.riel@sw-umwelttechnik.at
Website: www.sw-umwelttechnik.at
end of ad hoc announcement, (c) DGAP 12.04.2001
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WKN: 080820; Index:
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Düsseldorf und
Stuttgart
120759 Apr 01