HTI High Tech Industries AG

euro adhoc: HTP High Tech Plastics AG
Joint Ventures
HTP High Tech Plastics AG announcing joint venture with Krüth (E)

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Surface technology competence extended

Neudörfl, Austria, August 5, 2002: HTP High Tech Plastics AG is teaming up with German company Krüth GmbH to form a joint venture for molding and etching technology. The two companies each hold 50% of SET Form-Ätz-Technik GmbH, which is domiciled at HTP’s site in Fohnsdorf. The new company will primarily serve the European automotive and electronics industry.

The combination of Krüth’s surface-etching expertise and HTP’s tooling skills will make it possible to accommodate sophisticated surface designs for the final product during the tool-development stage. Already supplied for many years on a joint basis, customers such as Audi, Philips, Flextronics, Magna, Seeber and others will receive even more flexible and comprehensive services via the new joint venture in the future. The company’s target is for sales of roughly EUR 1 million this year, with high growth expected over the next few years on the strength of its planned expansion into Eastern Europe.

The establishment of this joint venture marks a further step in HTP High Tech Plastics AG’s plans to extend its value chain, one of the key goals of its corporate strategy.

end of announcement            euro adhoc 06.08.2002

Further inquiry note: HTP High Tech Plastics AG Mag. Isolde Kühhas Tel.: 0664/3262647 Fax: 02253/20167

Branche: Synthetics & Plastics
ISIN:      AT0000764600
WKN:        928963
Index:    SMAX
Börsen:  Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Berliner Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Hamburger Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / official dealing

Weitere Meldungen: HTI High Tech Industries AG

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