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Vienna International Chemical Industry News
Read the latest headlines about developments in the international chemical industry in Vienna and Austria
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
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
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