Rosti A/S to strengthen share capital in Technical Plastics Division by €13 mln

14-Jan-09

Rosti A/S, one of leading European manufacturers of plastic products and a part of A.P. Moller - Maersk Group, has announced to increase the capital of Rosti Technical Plastics Division. The company statement said that Rosti A/S-the sole shareholder in Rosti Technical Plastics Holding A/S, has increased the share capital by Denmark Kroner 100 mln (approx. EUR 13.4 mln) in order to aid Rosti Technical Plastics Holding A/S in the current financial turmoil. "The Rosti Technical Plastics Group has in recent years shown a strong performance and ability to adapt to the ever changing business climate. In 2008, sales as well as operational profits increased compared to 2007. The strengthening of the capital will add robustness to the balance sheet, and should further improve our credit ratings with suppliers as well as customers, says Stig Hoffmeyer, CEO". Rosti has 2,000 employees at 12 sites in 9 countries on three continents. Rosti has production sites in Sweden, Germany, Scotland, The Netherlands, Poland, USA, India and China.