TenCate finalizes acquisition of geosynthetics activities of Emas Kiara

3/18/2011, 6:00 PM (Source: GlobeNewswire)
Following the press release of November 15, 2010, Ten Cate Geosynthetics Asia
announces the successful closing of the acquisition of the geosynthetics
activities of Emas Kiara Industries Berhad, a publicly listed company based in
Rawang, Malaysia. The completion of this transaction provides TenCate
Geosynthetics with a significantly larger position in the supply of
geosynthetics solutions to the Southeast Asian markets.

Emas Kiara Industries is an important full-line producer and supplier of a wide
range of geosynthetic products and solutions with primary focus on the Asian
markets. This addition of the Emas Kiara production capabilities, employees, and
product brands will strengthen the position of TenCate Geosynthetics activities
in this rapidly growing region of the world.
These activities are concentrated on the rapidly growing environmental,
infrastructure and water management applications in the region. One example of
the succesfull business lines is the TenCate Geotube® for coast protection, land
reclamation and environmental dewatering projects for cleaning harbours, rivers
etc.

Wally Moore, global group director TenCate Geosynthetics says: 'In combination
with the existing production activities of TenCate Geosynthetics in Malaysia and
China, and the existing pan-Asian market activities, TenCate is expanding its
leading market position. As a result of this acquisition, TenCate substantially
increases the revenues of geosynthetics in this region'.

In addition to continuing other non-geosynthetic related business, Emas Kiara
maintains their geosynthetic construction and installation activities with
exclusive product supply support from TenCate. In this way Emas Kiara and
TenCate combine their efforts and will be a strong solutions driven combination.

The acquisition provides an immediate accretive benefit to the earnings of
TenCate in 2011. The acquisition is financed through the credit facilities of
TenCate.


Royal Ten Cate
Almelo, the Netherlands, Friday 18 March 2011


For further information:

Frank Spaan, corporate director business development
Telephone     : +31 (0)546 544 338
Mobile          : +31 (0)6 12 96 17 24
E-mail           :f.spaan@tencate.com
Internet         :www.tencate.com

TenCate Geosynthetics develops and produces synthetics fabrics, non-wovens and
grids, and designs solutions and systems for infrastructure and civil
engineering. TenCate Geosynthetics has plants in Europe, North America and Asia.

Royal Ten Cate (TenCate) is a multinational company which combines textile
technology with related chemical processes and material technology in the
development and production of functional materials with distinctive
characteristics. Products of TenCate are sold worldwide.
Systems and materials from TenCate come under four areas of application: safety
& protection, space & aerospace, infrastructure & the environment, and sport &
recreation. TenCate occupies leading positions in protective fabrics, composites
for space and aerospace, antiballistics, geosynthetics and synthetic turf.
TenCate is listed on the NYSE Euronext (AMX).




Press release as PDF:
http://hugin.info/130798/R/1498221/433831.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Koninklijke Ten Cate NV via Thomson Reuters ONE

[HUG#1498221]
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.