Vienna International Chemical Industry News

Read the latest headlines about developments in the international chemical industry in Vienna and Austria

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

Vienna now has its own Expat Center

In Vienna, the first Expat Center in Austria was opened. The project was handled by the Vienna Business Agency (former WWFF).

September 30, 2010

Mondi - Russia's Syktyvkar Mill modernized

Paper and packaging group Mondi confirmed that the modernization of its Russian mill was complete and the mill was ready to meet Eastern Europe's growing demand for uncoated fine paper and container board.

September 29, 2010

Austria's Management and Supervisory Boards’ Salaries on the Test Bench

The partly state-run OMV had the most expensive board of all Austrian corporations in 2009. In total, the oil company spent 10.2 million euro on its bosses, 23.4% more than the previous year.

September 20, 2010

Balda AG extends supervisory board

At the 11th general annual meeting the shareholders of the specialist in plastics Balda consistently approved the proposals of the company´s board of directors by a clear majority despite critical voices from shareholders.

May 25, 2010

Tiger Lacke to enlarge production capacity in China

According to the Austrian Times, upper Austrian firm Tiger Lacke has announced it will increase its production capacity from 10,000 to 15,000 tonnes of powder lacquer annually near Shanghai.

May 19, 2010