Press release
St. Marien / June 21, 2012 - HTI High Tech Industries AG
(HTI) rejects all rumors, spread by various media, that a
breakup of HTI is under preparation or imminent.
The media reports of the past days extremely unsettled the
partners of HTI High Tech Industries AG. The high bank
debts of HTI were caused by the crisis in the years
2008/09, were appropriately published and since then
reduced. Since the financing banks still support HTI, the
existence of the Group is safeguarded. That is why we ask
all customers, suppliers and partners to keep putting their
trust in us, in order to support the further development of
HTI.
The Group appreciates the unanimous resolution of the
Annual General Meeting, held on June 19, 2012, which voted
Mr. Christian Loimayr as representative of RLB Steiermark
and Mr. Kurt Helletzgruber to the Supervisory Board of HTI.
More than that, the Annual General Meeting granted
discharge to all Members of the Supervisory- and Management
Board. All remaining items on the agenda were unanimously
agreed upon.
Further HTI wants to state, that in regards to the
Linz-based subsidiary Hitzinger no loss of expertise
happened. The company distinguishes itself through its
long-existent and stable management team and produces top
quality products for the global market. The shedding of
staff of Hitzinger is a result of successfully implemented
efficiency increase measures of the past few months. The
decline in revenues and result of the first quarter 2012 is
connected to shipment dates of projects. Presently, the
order situation is significantly above last year and above
schedule, meaning that Hitzinger is utilized until the end
of the year 2012, ending the year with the appropriate
profit. For 2013 already today various large projects are
on order. The intended relocation of Hitzinger is still on
the agenda, however, due to project reasons, it was
postponed to the year 2013.
There is no connection between the situation of Technoplast
and Gruber & Kaja. Gruber & Kaja is active in totally
different industries and markets. Even though the aluminum
die casting company was confronted with seasonal declines
in production quantities in the fourth quarter 2011 as well
as at the beginning of the year 2012, the order situation
stabilized at the end of the first quarter 2012. Due to the
excellent technological position of Gruber & Kaja the
company managed to gain sophisticated new orders and will
end the year with a profit.
In total, the HTI Group commits to continue the
implementation of optimization measures and to optimize the
market chances as well as the competitiveness of the
operative subsidiaries in the course of operative and
strategic cooperation. Considering the current market
situations, HTI for the whole year 2012 anticipates
revenues on at least last year's level and a positive
result of around one million.
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