SKW Stahl-Metallurgie Holding AG
SKW Stahl-Metallurgie Holding AG: SKW Metallurgie Group sells Swedish calcium carbide plant
DGAP-News: SKW Stahl-Metallurgie Holding AG / Key word(s): Disposal 19.11.2014 / 17:50 --------------------------------------------------------------------- SKW Metallurgie Group sells Swedish calcium carbide plant Unterneukirchen (Germany), November 19, 2014. The global specialty chemicals Group SKW Metallurgie is consistently implementing its strategic realignment (project "ReMaKe"), initiated by the new Executive Board under the leadership of CEO Dr. Kay Michel. In particular, the strategy of backward integration is no longer being fostered. In this context, the SKW Metallurgie Group is divesting its Swedish plant for the production of calcium carbide effective November 19, 2014; this was carried out by selling 100% of the shares in SKW Metallurgy Sweden AB to the AlzChem Group. Secrecy was agreed re the purchase price. "With AlzChem as a buyer we have passed our Swedish affiliate into competent hands. After this portfolio realignment, we will concentrate even more strongly on our profitable core business as well as reinforce our position in key markets ", says Dr. Kay Michel, CEO of SKW Metallurgie. In the context of the transaction, SKW Metallurgy Sweden AB is going to be renamed as Nordic Carbide AB. Contact SKW Stahl-Metallurgie Holding AG Christian Schunck Head of IR and Corporate Communications Rathausplatz 11 84579 Unterneukirchen Germany Phone IR/Press: +49 8634 62720-15 Fax: +49 8634 62720-16 E-Mail: schunck@skw-steel.com Internet: www.skw-steel.com About SKW Stahl-Metallurgie Holding AG and the SKW Metallurgie Group The SKW Metallurgie Group is the global market leader for chemical additives for hot metal desulphurization, and for cored wire and other products for 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 (sold as of Nov. 19, 2014), Bhutan, Russia, the Peoples' Republic of China (2) and India (2 via joint venture). Shares of SKW Stahl-Metallurgie Holding AG have been listed in Frankfurt Stock Exchange's Prime Standard since December 1, 2006 with ISIN DE000SKWM013 (since August 15, 2011: new ISIN DE000SKWM021 due to switch to name shares). Disclaimer This press release may include certain forward-looking statements which are based on currently available assumptions and predictions of the SKW Metallurgie Group's management as well as on other currently available information. Various identified as well as unidentified risks and uncertainties as well as other factors may result in a deviation of actual results, financial situation, development or achievement of the company compared to the assessments made herein. SKW Stahl-Metallurgie Holding AG does not intend and assumes no liability to update such forward-looking statements and to adjust them to future events and developments. --------------------------------------------------------------------- 19.11.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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 Rathausplatz 11 84579 Unterneukirchen Germany Phone: +49 (0)8634 62720-15 Fax: +49 (0)8634 62720-16 E-mail: info@skw-steel.com Internet: www.skw-steel.com ISIN: DE000SKWM021 WKN: SKWM02 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 298116 19.11.2014
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