Read the latest headlines about developments in the international basic resources industry in Vienna and Austria
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Vienna International Basic Resources Industry News

Agrana Posts Strong Results

The Austrian sugar and starch company announced its results for first quarter of 2012|13 (ended 31 May 2012): sound business performance is sustained in first three months.

July 12, 2012

Voestalpine to Put Effort into Growth

The Austrian steel producer intends to grow through acquisitions again in the medium term. Exports to Brazil and Asian countries should be promoted.

July 4, 2012

„Up to 70% of European Steel Capacities are Endangered“

Wolfgang Eder, CEO of Austrian voestalpine, thinks that the European steel industry faces fierce competition from the East.

July 3, 2012

Substantial Increase in Dividends at Agrana

Agrana´s Annual Shareholders’ Meeting approves a dividend increase and appoints members to the Supervisory Board.

July 2, 2012

Agrana Opens 2012|13 With Strong First Quarter

The Austrian sugar and starch producer could increase sales by 26.4%. Operating profits rose by 15%.

June 25, 2012

Declining Sales at Ottakringer

The Austrian beer and mineral water producer faces a shrinking market in the first quarter of 2012. Sales fell by 8.9%.

May 16, 2012

Red Bull Still Waits for China

The Austrian energy drink producer aims to enter the Chinese market but still waits for the approval by Chinese authorities.

May 16, 2012

Record Results at Agrana

The Austrian sugar and starch company could raise revenues and earnings significantly. The dividend increases to € 3.60 per share. A moderate increase in revenue is expected.

May 15, 2012

Agrana Starts € 65m Investment

The Austrian sugar and starch company is laying the foundation stone for a wheat starch plant in Lower Austria.

May 3, 2012

€ 110m Bond Issue at Agrana

The Austrian sugar and starch manufacturer places € 110m bonded loan with maturities of five, seven and ten years.

April 24, 2012

Mayr-Melnhof: Dispute in the UK Escalates

After the British site of the Austrian packaging company was shut down in February, the British trade union Unite attacks Mayr-Melnhof sharply.

April 23, 2012

Agrana Aims for Expansion into Balkan Region

The Austrian sugar and starch company Agrana is looking for acquisition targets in the Western Balkans.

April 23, 2012

Bad Prospects for Austrian Paper Industry

In 2011, production of the Austrian paper industry declined by 2.2%. In 2012, there is no reason to be optimistic, the industry says.

April 18, 2012

Lenzing Expects Not to Reach Results of 2011 Again

Lenzing´s CEO Peter Untersberger presented the excellent results of the last financial year. This year, earnings will reach the level of last year only “at best”.

April 13, 2012

Voestalpine Indicates Significant Increase in Revenues

The Austrian steel company recorded about € 12.0bn in revenues last financial year. 25% of the revenues are based on exports apart from Europe.

April 12, 2012

Eder Ticks Off Rail Cartel

Voestalpine´s CEO Wolfgang Eder underlines the new compliance rules of voestalpine. Another participation in a cartel would be “impossible”.

April 7, 2012

EU Approved Joint Venture between Agrana and Ybbstaler

The EU Commission granted Agrana and RWA Raiffeisen Ware Austria the green light for the merger of their fruit juice concentrates subsidiaries.

April 5, 2012

Power Struggle at Red Bull?

After the death of the inventor of Thai-Austrian energy drink, a power struggle between Mateschitz and the new majority owner may arise.

April 4, 2012

Go-Ahead for Joint Venture Between Agrana and RWA.

EU Commission approves joint venture between the two Austrian food companies Agrana Juice Holding GmbH and Ybbstaler Fruit Austria GmbH (RWA).

April 4, 2012

„Steel Industry Needs Market Adjustment“

Wolfgang Eder, CEO of the Austrian steel company voestalpine, sees massive overcapacities in the European steel Industry. Eder reaffirmed his warning to leave Austria.

April 4, 2012

Pröll Declines Konrad´s Succession

Josef Pröll, former Austrian Minister of Finance, excludes rumors about the succession of RZB´s chairman Christian Konrad.

March 30, 2012

Pecik Unwanted at AMAG

A major shareholding in Austrian AMAG will be sold. Ronny Pecik, who is said to be interested, is not welcome.

March 7, 2012

Hammerer Aims For Growth in Italy

The Austrian aluminum company wants to acquire a site of the U.S. Alcoa in Italy.

March 7, 2012

Eder: „Environmental Policy Endangers Economy“

Voestalpine´s CEO criticizes environmental specifications made by EU and domestic politics. Eder sees the danger of a de-industrialization.

March 5, 2012

AMAG Posts Good Results in 2011

The Austrian aluminum producer recorded rising sales and earnings in 2011. However, results in the fourth quarter declined.

February 29, 2012

Pecik is Said to Enter AMAG

The Austrian investor, who holds a 20% stake in Telekom Austria, seems to be interested in the Austrian aluminum producer AMAG

February 23, 2012

Voestalpine to Build Two Track Switch Plants in Brazil

Voestalpine AG, Austria’s biggest steelmaker, plans to build two plants for rail-track switches in Brazil this year.

February 22, 2012

Wienerberger Returns to Profit Zone

The Austrian brick producer reported group revenues of € 2,023.7m (+16% vs. 2010). EBITDA was up by 23%. Forecasts for 2012 are “difficult”, says Wienerberger´s management.

February 21, 2012

Voestalpine Amends Expansion Plans

The Austrian steel producer intends to use its technologic leadership in the automotive component business for further expansion steps.

February 18, 2012

Moody's Considers to Downgrade Wienerberger

The U.S. rating agency placed all ratings of Wienerberger under review for possible downgrade.

February 17, 2012

Agrana Expands in Russia

The Austrian fruit and starch company invests € 27m in a factory site in Russia.

February 16, 2012

BWT Records Declining Profits

The Austrian water technology company sees its revenue target met, earnings were affected by brand building. Dividends have to be cut substantially.

February 13, 2012

Sale of Brixlegg Concluded

The former copper-division of the insolvent Austrian A-Tec Group has been sold to the Swiss Umcor AG.

February 10, 2012

Merger of Glencore and Xstrata: voestalpine Not Concerned

The Austrian steel company does not feel affected by the merger between the two major commodity corporations Glencore and Xstrata.

February 8, 2012

AMAG to Become New Owners?

About one third of Austrian aluminum producer´s shares are for sale. Raiffeisen and B&C are potential buyers.

February 4, 2012

voestalpine Concluded Largest Single Contract to Date

The Automotive Division of the voestalpine Group has concluded its largest single contract to date, with a leading European car manufacturer. The order volume amounts to around € 700m.

January 27, 2012

Agrana Completes Campaigns

The Austrian sugar and starch company successfully completes the 2011|12 sugar beet and potato starch campaigns – its longest ever.

January 25, 2012

Moderate Growth at Darbo

The Austrian jam producer Darbo could continue ist growth course in 2011. Sales were up by 2.5%.

January 23, 2012

Wienerberger: “Bond Issue Was Succesful”

The maximum possible issue size of € 200m was fully utilized. Proceeds from bond issue to be used primarily for maintaining and strengthening capital structure.

January 19, 2012

Agrana Achieves Significant Rise in Earnings

The Austrian fruit and starch company posts its results for first three quarters of 2011|12. Revenues were up from € 1.62bn to € 1.95bn.

January 12, 2012

Agrana Sues Chinese Yantai North Andre Juice.

The Austrian sugar and starch company claims $ 9.8m from the Chinese Yantai North Andre Juice.

January 9, 2012

Voestalpine Involved in Further Cartel

According to German newspaper reports, the Austrian steel producer is involved in another cartel in the rail market.

December 28, 2011

Agrana Increases Earnings in First Three Quarters

The Austrian sugar and starch company expects revenues of € 2.5bn fort he full year 2011/12.

December 22, 2011

Plansee Group Sells PMG

The Austrian provider of metallurgically manufactured products sells the business division to a German asset management company.

December 16, 2011

Agrana to Expand into South Africa

The Austrian fruit and starch company consolidates its presence in South Africa and starts production of fruit preparations in Johannesburg.

November 7, 2011

Changes in the Management Board of Teak Holz

Siegfried Mader takes over as CEO from Markus Baumgartner who becomes CFO. Klaus Hennerbichler and Pavel Brenner leave the Board.

October 28, 2011

More Dividends For Agrana´s Shareholders

The Austrian fruit and starch company Agrana announces a dividend increase for the business year 2011/12.

October 22, 2011

Wienerberger Expects Significantly Better Results

Capacity utilization of the Austrian brick producer should increase to 65% this year, according to CEO Scheuch. Market shares have been growing recently.

October 20, 2011

Agrana: Strong Results for First Half of 2011|12

The Austrian sugar and starch company expects a significant increase in pre-exceptionals operating profit for the full year.

October 13, 2011

Debt Crisis Reaches Steel Industry

The CEO of Austrian voestalpine expects stagnation in European steel production volumes. Declining commodity prices might reduce margin pressure.

October 12, 2011