VIENNA, Austria—After recording relatively strong results for the first nine months of 2014, Semperit A.G. has unveiled another expansion project, the third it has launched this year.
Officials at the company's Semperform business said in mid-November the business will invest about $8.7 million to modernize the production operations at its Wimpassing plant in lower Austria.
This represents a continuation of the Semperit Group's extensive expansion and modernization project at the factory, the firm said. Between 2012 and 2015, more than $50 million will have been invested in the facility, it said.
An expansion is needed to install a new Ultra High Frequency technology line at the plant that “will enable us to strengthen the leading market position of Semperform and create the basis for future growth,” according to Thomas Fahnermann, CEO of Semperit A.G. Holding.
The first of three new UHF lines is currently in the start-up phase at the factory and will be converted to its regular operations over the next few months.