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Vienna International Chemical Industry News
Read the latest headlines about developments in the international chemical industry in Vienna and Austria
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Austria as a Pharma Industry Location: 50 Million Euro Investment Package for the Life Science Sector
In order to strengthen one of the most important economic sectors of the domestic economy, the pharmaceutical industry, the budget for the funding program "Austrian Life Sciences" was recently presented. Minister of Economics Margarethe Schramböck hopes that this will make Austria more attractive as a business location for life science companies.
April 1, 2022
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OMV Subsidiary Borealis Declines Offer from Russia’s EuroChem for Fertilizer Business
The planned sale of the Linz-based fertilizer division of OMV chemicals subsidiary Borealis to Russian-Swiss group EuroChem has been canceled. According to a press release, Borealis has decided to reject EuroChem's offer.
March 14, 2022
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IAEA to Assess Safety of Japan Dumping Fukushima's Radioactive Cooling Water into Sea
A team of experts from the International Atomic Energy Agency (IAEA) will go to Japan to conduct a review of the safety of the Japanese government's decision to dump radioactive cooling water from the Fukushima Daiichi Nuclear Power Station into the ocean. Read about the review and who opposes Japan's decision.
February 7, 2022
Expo 2020 Dubai: Austria's Youth Showcase Their Innovation
The four teams that won Austria's "Innovative Youth" competition will get to showcase their projects at the World Expo 2020 in Dubai. Read about the competition and what the winning projects were.
January 27, 2022
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After Pandemic Shock, Strong Upturn in Foreign Trade: China +26.4 %, USA +18 %
New data for January to September 2021 shows that Austria's foreign trade is returning to pre-pandemic levels. Read about Austria's improving trade figures.
December 10, 2021
Austrian Foreign Trade Picks Up Again
Austria's foreign trade in 2021 has improved significantly compared to 2020, and in some months, it is even approaching the pre-pandemic levels of 2019. Read the detailed numbers showing that Austrian trade is picking up again.
November 11, 2021
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Austrian University Spin-offs at the World Expo in Dubai
The World Expo 2020, which retained its name despite being postponed to 2021, will begin in October in Dubai. Various Austrian university spin-offs will present their innovations that will have positive impacts on climate-conscious behavior. These spin-offs include GREENPASS, REEgain, WoodC.A.R., City Intelligence Lab (CIL), Mostly AI's Mostly GENERATE, and Incremental3D's myPot. Read more about Austria's contribution to the upcoming World Expo and what innovations these spin-offs will be presenting.
September 8, 2021 · Updated: September 8, 2021; 16:16
Austrian Wholesale Prices: Largest Increase Since March 2011
In July 2021, wholesale prices saw their largest year-over-year increase since March 2011. The increases can be seen in the steel industry, gas industry, agricultural industry, and more. Read about which other industries the increases are affecting and just how significant the increases are.
August 6, 2021
Arab Ambassadors in Vienna and Economic Relations between their Countries and Austria
The Ambassadors from Egypt, Iraq, Jordan, Morocco, Oman, Palestine, Qatar, Tunisia, and the UAE to Austria provided an economic overview of their countries and their relationship with Austria in an online forum with the Austro-Arab Chamber of Commerce (AACC).
July 11, 2021
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WKO and IV: Need for "Climate Protection with Common Sense"
The heads of the Austrian Federal Chamber of Commerce (WKO) and the Federation of Austrian Industries (IV) demand appropriate framework conditions for climate-friendly behavior instead of the race for ever higher climate targets. Both Secretary Generals want "climate protection with common sense".
December 10, 2020
Increase of Budget for Investment Subsidies to EUR 2 Billion
The Austrian Government has announced a budget increase for investment subsidies. A high demand and investment volume in the first three weeks of the application period has lead to this decision that is welcomed by the Federal Chamber of Commerce.
September 23, 2020
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Foreign Trade Has Partially Recovered from Crisis
According to the latest report from Statistics Austria, imports and exports are only slightly behind last year's number indicating an upwards trend after Covid-19 has impacted foreign trade significantly.
September 8, 2020
WKO Secretary General: Labor Market Situation Improves, But Remains Great Challenge
The secretary general of Austria's Federal Chamber of Commerce WKO recognizes a slightly positive trend in the labor market but underlines the importance of ongoing and future economic measures.
September 7, 2020
Economic Sentiment in Austria and the EU Brightened Further in August
Businesses and the population of the EU still have below-average economic sentiment although the expectations improved over the last month. The sharp decline due to Covid-19 is made up by about 60 % already.
August 31, 2020
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Vienna Based UNIDO Holds Expert Panel to Discuss Developments in Industry and Society
The United Nations Industrial Development Organization hosted an expert panel about the future of industry and society. Main topics were the advancement of attaining the sustainable development goals and shaping society as a whole.
August 21, 2020
Can Glyphosate Now Be Banned or Not?
With the issue of the notification statement from the European Commission, the discussion about the Glyphosate ban is starting again. According to the Agricultural Ministry it is clear that the ban is not legally compliant. However, for GLOBAL2000 a ban is still possible.
August 19, 2020
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Austria's Federal Minister for Economic Affairs: New EU Trade Agreement with Vietnam Opens Doors
New EU trade agreement with Vietnam is likely to open doors to a very profitable market for Austrian businesses. Federal Minister for Economic Affairs Schramböck hopes that domestic companies can capitalize on the favorable conditions in the future.
August 1, 2020
Austria Becomes Self-sufficient in the Supply of Mouth and Nose Masks
Hygiene Austria LP GmbH, founded only 4 weeks ago by a cooperation of Lenzing AG and Palmers Textil AG with the aim of producing and selling protective masks for the domestic and European market, was made known to a wider public today by the visit of Federal Chancellor Kurz and Minister of Labour Christine Aschbacher, and two weeks ago by the visit of Federal Minister Margarete Schramböck.
May 19, 2020
Total Ban on Glyphosate in Austria Adopted
Austria is the first country in the European Union to ban the use of the controversial weedkiller glyphosate. The ban is legally controversial and could contradict EU law.
July 4, 2019
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UNIDO: Achieving Sustainable Development Goals through Chemical Leasing
In 2004, with the support of the Government of Austria, UNIDO launched its Global Chemical Leasing Programme, promoting a business model that marks a paradigm shift from increasing the sales volume of chemicals toward a value-added approach. The fourth Global Chemical Leasing award ceremony will take place on 6 November 2018 in Vienna, Austria. It will be part of the Green Chemistry Conference 2018 within the Trio Presidency of the Council of the European Union (EU) programme, "Smart and Sustainable Europe", held during Austria's EU Presidency.
June 8, 2018
Lenzing Resolves to Increase Special Dividend to EUR 2.00 Per Share
This year's Annual General Meeting of Lenzing AG resolved today, Thursday, April 12, 2018, to distribute a dividend of EUR 3.00 per share as well as a special dividend totaling EUR 2.00 per share. On balance, the dividend will amount to EUR 5.00 per no-par value share for the 2017 financial year (compared to EUR 4.20 per share in the previous year). The dividend payment is scheduled to take place on April 18, 2018, whereas ex-dividend day is on April 16, 2018.
April 12, 2018
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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
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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
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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
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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
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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
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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
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