Sponsored Content
Vienna International Basic Resources Industry News
Read the latest headlines about developments in the international basic resources industry in Vienna and Austria
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
Number of Agricultural Holdings Still Shrinks
Agricultural census 2010: Number of Austrian agricultural and forestry holdings decreased, trend towards larger holdings.
October 10, 2011
Teak Holz Wins Major Order
The Upper Austrian timber company signed a € 50m contract for external forest management activities in Costa Rica.
October 6, 2011
Teak Holz Cancels Capital Increase
The Upper Austrian timber company will delay its expansion to a later point in time. Forest management and other projects are not affected by the decision.
September 24, 2011
Austria and Azerbaijan Expand Cooperation
An Austrian delegation will hold several meetings with Azerbaijani ministries and private companies.
September 20, 2011
Hammerer Aluminium: € 8.5m Investment for Austrian Industrial Location
The aluminum company Hammerer Aluminium Industries (HAI) enlarges the headquarters location in Ranshofen, Austria.
September 13, 2011
Agrana Raises Sugar Price Drastically
The Austrian sugar and starch company confirmed that the sugar price will rise significantly by the beginning of October. This is due to the “world market price”, the company stated.
September 6, 2011
Mayr-Melnhof with Improved Sales and Earnings
The Austrian packaging company reported an increase in sales of 14.5% for the period from January to June. Profit was improved from € 48.9m to € 64.0m.
August 17, 2011
Wienerberger Returns to Profit Zone
The Austrian brick producer recorded a net profit of € 38m in the first half of the year. Earnings growth was supported by higher volumes, better capacity utilization and higher prices.
August 17, 2011
Green Light for Strabag’s Cooperation with Lafarge
The Austrian construction company has wrapped up the acquisition of a 30% stake in the joint venture with the French building material supplier.
August 5, 2011
Teak Holz International: Earnings Four Times as High as Revenue
The Upper Austrian timber company’s revenue more than doubled in the first nine months of the financial year. The value of plantations increased by € 8.7m.
August 4, 2011
voestalpine Sues EU Over Plans for Carbon Emissions
The Austrian steel company and four German competitors filed a lawsuit against the EU. They argue that CO2 emission targets are unrealistic and unachievable.
July 21, 2011
German Rail Cartel: Increasing Pressure on voestalpine
The German Federal Cartel Office made new inspections at a local subsidiary of the Austrian steel company. According to press reports, price fixing on the German rail market continued until 2011.
July 20, 2011
First Quarter: Agrana Improved Revenue and Earnings
The Austrian sugar, starch and fruit company increased revenue by 13.4% in the first three months of financial year 2011/2012. Operating profit went up 79.6%.
July 14, 2011
Plansee Group Achieved Sales Record
The Austrian provider of metallurgically manufactured products increased revenue by 46%. A new factory near Shanghai is scheduled to start operation in 2012.
July 7, 2011
voestalpine is the Leniency Applicant in the German Rail Cartel
The Austrian steel company applied for leniency in the case of anti-competitive practices in the German rail tracks market. The group expects to be exempted from any fines.
July 1, 2011
voestalpine May Revive Plans for New Factory
The Austrian steel company may revive plans next year to build a plant abroad as rising demand boosts prices.
June 29, 2011
Teak Holz to Raise Capital for Expansion
The Upper Austrian timber company announced a capital increase by € 15.6m. The funds will be used to boost growth.
June 28, 2011
voestalpine Acquires Dutch Company’s Research Department
The Austrian steel company expands its portfolio in railway systems technology with the acquisition of Baas R&D. The transaction is expected to boost expertise in diagnostic systems for rail transport.
June 27, 2011
Agrana Increases Annual Guidance after Strong First Quarter
The Austrian sugar, starch and fruit company expects significant improvement in results in the financial year 2011/12. Revenue increased by 13% in the first three months.
June 22, 2011
Agrana Opens Production Site in Egypt
The Austrian fruit, starch and sugar company has started production in its new plant which is seen as a basis for further expansion in the Middle East and North Africa.
June 7, 2011
Agrana Interested in Hellenic Sugar
The Austrian sugar and starch company is said to be interested in an acquisition of the Greek company which incurred a loss of € 27.1m in the last year.
May 31, 2011
Strong Growth for voestalpine in 2010/11
The Austrian steel company increased its operating result by 180% to € 984.8m. Annual profit tripled to around € 600m.
May 31, 2011
Austrian Cement Industry: Further Decline in Production
Total cement production is 20% lower than in 2008. A reversal of the trend is expected for 2012.
May 19, 2011
RWA: Strong Results in 2010
The Austrian conglomerate achieved double-digit growth rates of revenues and earnings. The positive trend continues in 2011.
May 17, 2011
Fast News Search
This category only
