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Vienna International Chemical Industry News

Water Management Company Wabag Wins EUR 30 Mln Plan Project in India

VA Tech Wabag Ltd., India won an order for a value of around EUR 30 million for Design and Construction of 140,000 m3/d Sewage Treatment Plant (STP) at Dinapur, Varanasi including Operation and Maintenance for ten years.

March 20, 2015

Austrian Export Award 2014 for Above-Average Export Commitment

As part of a festive gala evening in Vienna's Museumsquartier, the Austrian Export Prize 2014 has been awarded by the Federal Minister for Science, Research and Economics, Reinhold Mitterlehner, and the President of the Economic Chamber Austria (WKO) Christoph Leitl.

June 26, 2014

Croatia: Hypo Group Losing Last Industrial Participation

Croatian chemical company Dioki is facing bankruptcy which is why Hypo Group is losing one of the last industrial participations in the country.

October 14, 2013

Borealis to Invest EUR 65 Million in Porvoo Borstar PE Plant

Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, has announced a major upgrading project at its production site in Porvoo, Finland.

June 28, 2013

Lithuania: Exports Decreased by 7.6 % in January

Foreign trade in January 2013 decreased. Major losses in Agricultural sector.

March 8, 2013

Borealis to Acquire Outstanding Shares of TOTAL Affiliate GPN SA

Borealis, an Austrian provider of chemical and innovative plastics solutions, has made a firm offer to TOTAL to purchase all outstanding shares of GPN SA, France’s largest nitrogen fertilizer manufacturer.

February 7, 2013

Borealis: Profits and Sales Increase Remarkably

The Austrian chemical group Borealis recorded a net profit of € 129m in the third quarter of 2012, an increase of € 22m compared to the third quarter of 2011

November 16, 2012

Lenzing: Earnings Expected to Decrease

The Austrian fiber producer will present its results for the third quarter on Thursday. Operating results are expected to fall by 31%.

November 12, 2012

Borealis to Acquire Dutch DEXPlastomers

The Austrian chemical group expands into the Netherlands.

November 12, 2012

Lenzing Group Expands in Indonesia

Successful start of the fifth line at Indonesian subsidiary SPV. PT. South Pacific Viscose (SPV) is now the world’s largest viscose fiber plant.

November 6, 2012

Donau Chemie Starts Expansion in Hungary

The Austrian chemical group invests € 6.5m in a new factory in Eastern Hungary.

October 29, 2012

Semperit Takes Over Malaysian Latexx Partners

The takeover leads to the next phase of global growth, the Austrian company says. Semperit has secured a 47.3% stake in Latexx Partners from its core shareholders.

October 8, 2012

Lenzing Expands into Czech Republic

The Austrian fiber producer Now Owns 100% Stake in Pulp Producer Biocel Paskov.

October 3, 2012

Lenzing: Mandate of CEO Untersperger Confirmed

The Austrian fiber producer extends the management board mandate of Peter Untersperger until 2016.

October 1, 2012

Semperit Announces Changes of Management Board

Richard Stralz to leave the Management Board effective November 30, 2012.

September 17, 2012

Lenzing Continues to Supply Fibers to US Army

Flame-resistant fibers from Austria of superior quality.

August 25, 2012

Borealis Posts Declining Net Income

Borealis recorded a net profit of € 112m in the second quarter of 2012 compared to € 168m during the same period in the record year 2011. Sales were down slightly.

August 24, 2012

Earnings and Net Income Down at Lenzing

Sales declined by 1.3%. The EBITDA margin fell from 23.0% to 18.2%. Lenzing´s net income decreased from € 145m to € 100m.

August 22, 2012

Lenzing: Profit Decrease Expected

Next Wednesday, Lenzing presents its half-year results. According to analysts, the Austrian fiber producer will report a 31% profit decrease.

August 20, 2012

Semperit: Profit Below Expectations

Increase in revenue to € 409.8m. EBIT of € 37.5m and net profit of € 23.9m generated in the first half of 2012, slightly below previous year´s level.

August 14, 2012

Borealis delivers solid profits in a difficult market environment

Borealis recorded a net profit of € 112m in the second quarter of 2012 compared to € 168m during the same period in the record year 2011.

August 9, 2012

Lenzing to Expand Further

Lenzing´s CEO explains that the frame conditions for Lenzing are highly satisfying at the moment. However, 2012 will not be another record year.

August 7, 2012

Alfred Stern Joins Borealis Executive Board

Borealis, an Austria provider of chemical and innovative plastics solutions, announces the appointment of Alfred Stern as Executive Vice President for Polyolefins, effective July 1, 2012.

July 2, 2012

Chemical Industry Warns of Investment Stop

Peter Untersperger, CEO of the fiber manufacturer Lenzing and chairman of the Austrian chemcial industry is very critical of the energy efficiency act.

June 22, 2012

Borealis Plans to Issue a Corporate Bond

The subsidiary of Austrian OMV and the Abu Dhabi investment fund IPIC may issue a corporate bond of up to € 200m.

June 20, 2012

Borealis: Intended New Bond Issue

The Austrian chemcial company intends to issue corporate bonds of up to € 200m.

June 14, 2012

Decent Growth at Semperit

The Austrian manufacturer of synthetic products could record a rise in revenues by 4.2%. EBIT was down by 8.3%, net profit declined by 3.3%.

May 15, 2012

Austrian Chemical Industry Grows

In 2011, the domestic chemical industry registered a 10.5% growth in revenues. Exports were up by 8.5%.

May 11, 2012

Borealis: Slowdown in Net Profits

The Austrian chemical company Borealis recorded a net profit of € 140m in Q1 2012, compared to € 174m in Q1 2011. Net sales were up from € 1.86bn to € 1.88bn.

May 11, 2012

Chemical Industry: Workers Want 5.8% Wage Increase

The Austrian chemical industry negotiates the collective agreements. Before the third negotiation round started, the workers put pressure on the employer side.

April 18, 2012

Semperit Group Achieved Double-Digit Growth Rates

Revenue increased by 18.9% to € 820.0m. The Austrian producer of synthetic products recorded an increase in earnings after tax by 19.2% to € 54.1m.

March 29, 2012

Henkel CEE Achieves Stable Results

The Vienna based CEE-headquarters of the German Henkel Group raised sales by 7.2% in 2011.

March 8, 2012

Borealis Shows Strong Growth

The Austrian chemical company announces a net profit of € 507m in 2011, compared to € 333m in 2010. Sales rose from € 6.27bn to € 7.1bn.

February 23, 2012

Borealis Acquired PEC-Rhin S.A. from GPN

The Austrian producer of synthetic products took over French PEC-Rhin S.A. A price was not announced.

February 1, 2012

Borealis to Acquire French Fertilizer Producer

The Austrian chemical company has made an offer to take over PEC-Rhin in its entirety.

November 25, 2011

Semperit Exceeds Forecasts

In the first nine months, the Austrian manufacturer of synthetic products was able to raise sales by 20.6% to € 626.2m. Profits increased by 18.7%.

November 15, 2011

Moderate Rise in Profits for Semperit

The Austrian producer of synthetic materials will report a rise in profits by 12.7%, Austrian analysts expect.

November 12, 2011

Treibacher Takes Over Austria Email

The Carinthian company acquires the interest from Buy-Out Central Europe II, raising its stake to 90%.

November 11, 2011

Borealis’ Third Quarter Delivers Positive Results

The Austrian chemical company doubled its profit in an increasingly challenging market environment.

November 11, 2011

Donau Chemie Builds Factory in Hungary

The Viennese chemical group builds a hydrochloric acid factory near the Hungarian capital Budapest for € 6m.

September 27, 2011

Borealis Doubles Profit and Expects Challenging Market Conditions

The Austrian chemical company delivered strong second quarter results despite a softening market environment.

August 11, 2011

Borealis Records Strong Results in the First Quarter

The Austrian chemical company achieved a net profit of € 174m, an increase of € 120m. Both the Polyolefins and Base Chemicals businesses improved versus last year's results.

May 19, 2011

Optimism in Chemical Industry for 2011

2010 represented a comeback for the chemical industry. A production value increase of 16% to € 14.2bn was reached, and exports grew by 16.7%.

May 7, 2011

Declining Profits for Manner

The Austrian candy manufacturer experienced a steep rise in expenditures for commodities. EBIT declined from € 7.0m to € 4.2m.

April 30, 2011

Semperit Raises Dividends

The Austrian Semperit Group confirms the figures announced on February 17, 2011 for the 2010 financial year.

March 22, 2011

Nufarm Expands its Site in Upper Austria

The Australian manufacturer of pesticides is expanding production capacity at Linz.

March 12, 2011

Borealis Invests in Linz

The Austrian-Arab plastics manufacturer builds a new plant for € 75m at the Upper Austrian location.

March 9, 2011

Significant Growth for Borealis

The Austrian chemical company records substantial growth in sales. Profits grew from € 38m to € 333m.

February 26, 2011

Semperit AG Holding production in Thailand affected by flooding

Monsoon rains interrupt the production in Semperit´s facilities in Thailand. The local infrastructure is strongly affected.

November 5, 2010

Coface CEE Top 500 - Poland Largest Number of Companies in CEE

Poland has the largest number of companies in the Central and Eastern Europe Top 500 with 28.4%. Hungary ranks second with 16.6%, overtaking the Czech Republic, which is home for 13.8% of the CEE Top 500.

October 12, 2010