Presse Release

RÜTGERS establishes joint venture company with Russian steel manufacturer Severstal

Castrop-Rauxel, 24 April 2012

New location in Russia strengthens international competitive position

RÜTGERS Holding Germany GmbH has partnered with the Russian steel manufacturer Severstal to set up the joint venture company RÜTGERS Severtar. The joint venture agreement was signed in September 2011, and now the new company headquartered in Cherepovets has started operations. RÜTGERS holds a 51% stake in the joint venture and Severstal 49%.

At the Severstal location in Cherepovets, RÜTGERS Severtar will set up production facilities for coal tar processing to extract chemical raw materials for the aluminum and chemical industries worldwide. Severstal brings a long-term supply contract for the raw material coal tar into the joint venture. RÜTGERS contributes technology and its global logistics network to the undertaking.

Construction is already underway at Cherepovets. The distillation plant for the extraction of coal tar pitches and other chemical raw materials as well as the facilities for further processing of pitches, technical oils and naphthalene are being built with state-of-the-art technology and according to European environmental standards. A pitch storage facility is due to be completed this year. The entire construction process is scheduled for completion in 2013.

“In order to continue our growth, we need to secure business in our existing markets and systematically tap into new markets. With the new company in Russia, we are strengthening our existing production network and at the same time expanding our competitive position in the international arena,” said Henri Steinmetz, CEO of the RÜTGERS Group. “Our owners, Triton Beteiligungsberatung, have provided vital support in this process since 2008.”

“RÜTGERS has shown outstanding development as an independent company within recent years. Our goal as owner will be to continue to unlock opportunities for international growth for the company,” said RÜTGERS board member Luc Hendriks, a partner at Triton in Frankfurt.

According to current estimates, some 40% of the products extracted at Cherepovets are sold on the Russian market and approximately 60% on the international market.

The Russian company Severstal ranks among the world’s leading integrated steel and mining companies.

For more than 160 years, RÜTGERS has been setting standards as a manufacturer of high-quality basic and specialty chemicals. We have around 1,000 employees at eight international production sites working for the success of our customers. Our focus is on reliability: We maintain the highest standards to protect people and the environment. We secure our supply of raw materials, and we operate an efficient logistics network to ensure on-time supply of products for the aluminum and steel industries, technical oils, naphthalene and other basic chemicals.

RÜTGERS has been owned by the independent investment firm Triton since 2008, a company specializing in investment in leading SMEs in the German-speaking countries and northern Europe.

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