Friday, 26 February 2010

SIMONA restructures its Management Board

Kirn, 26 Feb. 2010. SIMONA AG will be restructuring its Management Board for economic reasons. The company’s Supervisory Board has decided not to extend the contract with Mr. Jochen Feldmann, which is scheduled to end on 31 December 2010. Mr. Feldmann was the Management Board member responsible for Controlling, Accounting, Purchasing, IT/Organisation and Quality Management. The Supervisory Board has expressed its thanks to Mr. Feldmann for his committed and successful contribution to the work of the SIMONA Management Board. The areas previously directed by Mr. Feldmann will be covered with immediate effect by Wolfgang Moyses, CEO of SIMONA AG.
 

Thursday, 05 November 2009

SIMONA confirms closure of Würdinghausen site

Kirn, 5/11/09. SIMONA AG has reached a decision to close its Würdinghausen production facility at the earliest possible date due to significant losses incurred by the plant. Prior to making its decision, the company had entered into intensive and substantive negotiations with both the works council and the trade union; these efforts also included the involvement of an independent appraiser. The closure will affect 78 members of staff responsible for producing pressed sheets, profiles and finished parts at the facility, mainly for customers operating within the mechanical engineering and transport systems sector.

The product range manufactured at the company's plant in Würdinghausen will be integrated into other existing SIMONA sites. SIMONA is currently in negotiations with the works council and trade union concerning a reconciliation of interests as well as a redundancy and retraining plan.

 

This ad hoc announcement supplements the ad hoc announcement issued on 13 August 2009.

Thursday, 13 August 2009

SIMONA considers closure of Würdinghausen production plant
Kirn, 13 August 2009. SIMONA AG is considering closing its Würdinghausen production facility due to significant losses incurred by the plant. The decision will affect 84 members of staff responsible for producing pressed sheets, pro-files and finished parts at the facility, mainly for customers operating within the mechanical engineering and transport systems sector. The product range manufactured at the company's plant in Würdinghausen is to be integrated into other existing SIMONA sites. The plans are to be implemented in a manner that is as socially acceptable as possible. The company's management is cur-rently in negotiations with the works council and the trade union concerning a reconciliation of interests and for the purpose of drawing up a redundancy and retraining plan.

Friday, 31 July 2009

SIMONA in first half: positive earnings despite severe decline in revenue
Kirn, 31 July 2009. The SIMONA Group has proved robust during the current economic crisis. A significant downturn in orders from the core sectors of chemicals and mechanical engineering resulted in a severe decline in revenue. Despite this situation, however, the Group managed to achieve positive earnings, supported by a timely package of streamlining measures as well as the company's solid market position. In the first six months of 2009 the SIMONA Group generated revenue of EUR 106.3 million, corresponding to a decline of 32.3 per cent compared to the very solid first half of 2008, when sales revenue stood at EUR 157.1 million. As Wolfgang Moyses, Chief Executive Officer, today told the Annual General Meeting, pre-tax earnings amounted to EUR 3.5 million (prev. year: EUR 13.5 million).   Further details will be published on 26 August 2009 as part of the interim report for the first half.

Thursday, 31 January 2008

SIMONA sells joint-venture interest in GF Piping Systems
Focus on core segment of chemical and industrial operators within fluoropolymer market
Kirn, 31 January 2008. Effective from January 1, 2008, GF Piping Systems, Schaffhausen (Switzerland), will acquire the 50% interest of SIMONA AG in the joint-venture enterprise Georg Fischer SIMONA Fluorpolymer Products GmbH, Ettenheim. Both parties have agreed not to disclose details relating to the sale.

Established in 2002, the joint venture specialising in high-purity piping systems, including those used in the semiconductor industry, has one of the most modern cleanroom production facilities worldwide. In future, SIMONA's main focus will be on expanding its business within the core sectors of chemicals and industry within the fluoropolymer market.
SIMONA and GF Piping Systems will continue their long-standing collaboration at an operational level.

Wednesday, 30 August 2006

SIMONA acquires plastics business from
Deutsche Holzveredelung Alfons und Ewald Schmeing oHG
As part of an asset deal, the SIMONA Group will acquire the plastics business of Deutsche Holzveredelung Alfons und Ewald Schmeing oHG, based in Kirchhundem-Würdinghausen (North Rhine-Westphalia), effective from 1 October 2006. The plastics operations of Deutsche Holzveredelung, which encompass the Dehoplast brand, generate revenues of approx. €18 million and include the manufacture and sale of pressed sheets, extruded sheets, solid rods, profiles and finished parts made principally of polyethylene (PE) and polypropylene (PP). Both parties have agreed not to disclose details of the purchase price.

In acquiring Dehoplast, SIMONA will be able to complement its existing product range of semi-finished technical plastics and add to its portfolio by including finished parts. The finished-parts business includes the manufacture of components deployed within the area of mechanical engineering as well as in transportation and storage technology. The acquisition will allow SIMONA to enhance its position as a leading supplier of semi-finished plastics for industrial applications.

The plastics business also includes the manufacture of cutting boards, which are marketed under the frisylen ^® brand. The Dehoplast unit produces its semi-finished plastics and finished parts at two factories, located in Kirchhundem-Würdinghausen and in Hilchenbach-Lützel, Siegerland region. In total, Dehoplast employs around 100 members of staff, who will be taken on by SIMONA.

Operations within the area of compressed laminated wood, an area covered by the dehonit® brand, will remain with Deutsche Holzveredelung Alfons und Ewald Schmeing oHG.

As part of the takeover, the technical expertise associated with the various locations of Dehoplast and SIMONA is to be further extended within the framework of a new business location concept yet to be drawn up.