Chemical Industry

Group DF International and Hyundai Engineering in Vienna: New Industrial Park in Ukraine

In an ambitious move to aid Ukraine's post-war reconstruction, Group DF International, led by controversial Ukrainian oligarch Dmytro Firtash, and Hyundai Engineering Co. Ltd., have embarked on a major venture to establish a chemical industrial park in the city of Rivne, situated in Western Ukraine. This pivotal agreement was officially sealed in Vienna, setting the stage for what is poised to be one of the most substantial investment initiatives in the region.

April 15, 2024

Austria's Foreign Trade Achieves Strong Growth

In the previous year, there were strong increases in foreign trade compared to the first CoV year 2020. It is pleasing that almost all federal states were able to record a positive foreign trade balance.

July 15, 2022

Putin's War Forces OMV to Make Most Fundamental Strategic Shift in Its History

Russia's aggression toward Ukraine is forcing OMV, the Austrian oil, gas and petrochemical group to take drastic measures. The company's management decided to stop all investment activities in Russia and to rely on alternative suppliers in the future. OMV thus joins many other companies that are slowly turning their backs on the Russian market.

March 17, 2022

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

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

Ukraine Remains in a Recession for a Year

In the second quarter of 2013 GDP contracted by 1.1 percent on a year-on-year comparison basis.

August 20, 2013

Austria: Increased Demand in Romanian Exports

For the first time, Austria has imported goods from Romania exceeding the amount of € 1bn. Metals and machines are on top of the list of imported Austrian goods in Romania.

July 24, 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

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

Lenzing AG Intensifies Pulp Cooperation with Sappi

Lenzing AG, global market leader for man-made cellulose fibers, is intensifying its longstanding cooperation with the paper and pulp group Sappi.

July 23, 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

Lenzing Invests € 130m in New Plant

The Austrian fiber company expands ist production facilities. 110 new jobs will be created. The completion is expected in 24 months.

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

Growth Potential for Semperit

The Austrian synthetic product manufacturer already recognizes the weakening of the business cycle. However, investments will not be reduced. The BRIC countries are seen as future markets.

December 27, 2011

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

Borealis’ Third Quarter Delivers Positive Results

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

November 11, 2011

Scepticism in Carinthian Industry

The current situation is satisfying in the Carinthian industry. However, for the future, many industrialists are less optimistic.

November 5, 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

Semperit Raises Dividends

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

March 22, 2011
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