GESCO strengthens Healthcare and Infrastructure Technology segment: AstroPlast doubles production area through move to new site (news with additional features)


DGAP-News: Gesco AG / Key word(s): Miscellaneous/Miscellaneous

18.01.2018 / 15:00
The issuer is solely responsible for the content of this announcement.

Wuppertal, 18 January 2018 - Prime Standard-listed GESCO AG is targeting its investment in financial year 2017/2018 on its second-largest segment, Healthcare and Infrastructure Technology. One of the recent activities includes doubling the production area at subsidiary AstroPlast Kunststofftechnik GmbH & Co. KG by moving to a new site. Dr Eric Bernhard, Chairman of the Executive Board of GESCO AG: "Given the segment's positive outlook, we are currently implementing growth and expansion investments at numerous subsidiaries. AstroPlast's move shows how our companies are actively contributing to the upswing at the GESCO Group by investing in expansion, overcoming spatial limitations and ineffective existing structures and laying the foundations for further profitable growth. This project chimes in perfectly with our Portfolio Strategy 2022."

Plastic injection moulding specialist AstroPlast met the needs of its ongoing growth by constructing a brand-new production site on a 45,000 square metre site it acquired in Meschede, doubling its production area and expanding its production line in the process. The move was completed sooner than originally planned and the headquarters of the company relocated from Sundern to the new site. AstroPlast develops and distributes its own range of special spools for wires, cables, tape and optical fibres as well as customised injection-moulded technical parts, generating sales of some EUR 14 million with around 90 employees. Rouven Steffens, Managing Director of AstroPlast: "The construction of a new site, and relocating to it, all while maintaining our operations was an important milestone for everyone involved. We have also intensified our sales activities and, thanks to optimised production logistics in our new surroundings, anticipate significant sales growth in the financial years ahead. One of our first achievements at our new site has been to generate new sales in the growth market of spools intended for electric mobility applications."

Companies in GESCO's Healthcare and Infrastructure Technology segment serve markets close to consumers such as medical technology, cosmetics, hygiene and nutrition and are currently benefiting from the health and wellness megatrend. Haseke GmbH & Co. KG, a specialist in ergonomic suspension systems, swivel arms, control boxes and display brackets located in Porta Westfalica, commissioned its new assembly hall in summer 2017. Other GESCO companies in this segment are also investing in additional capacity and, in doing so, creating a platform for new, profitable growth.

(right to left:) Dr Eric Bernhard (Chairman of the Executive Board of GESCO AG) and Rouven Steffens (Managing Director of AstroPlast Kunststofftechnik GmbH & Co. KG) at AstroPlast's new production site in Meschede. Photo: GESCO

GESCO AG is an industrial group with market and technology leaders in the investment goods industry focusing on production process technology, resource technology, health and infrastructure technology and mobility technology. As a stock listed company on the Prime Standard, GESCO AG offers private and institutional investors access to a portfolio of leading small and medium-sized industrial German companies, so-called hidden champions of Germany's Mittelstand.

Investor Relations / Public Relations - Oliver Vollbrecht
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Subtitle: (v. r.:) Dr. Eric Bernhard (Vorstandsvorsitzender GESCO AG) und Rouven Steffens (Geschäftsführer AstroPlast Kunststofftechnik GmbH & Co. KG) in der neuen Fertigung von AstroPlast in Meschede. Foto: GESCO

18.01.2018 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.

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