Metal Industry

Good Prospects for AMAG

The Austrian aluminum company expects satisfying results for the third quarter of 2011. Also analysts have high sales and profits estimations.

November 1, 2011

AMAG Builds New Plant in Canada

The Austrian aluminum manufacturer participates in a CAD 1.5bn contract. AMAG´s share is 20%. The project brings a new capacity of 355,000 tons.

October 31, 2011

Austria Email to be Sold

Because of the wish of its shareholders, the interest of the Buy-Out holding company could be sold soon.

October 29, 2011

Plansee Grows in Korea

With the acquisition of TCB, he Austrian Plansee Group expands in South Korea.

October 25, 2011

Solution Found: Wage Increase by 4.2%

After heated debates and strike threats, representatives of the Austrian metal industry and the trade union came to an agreement.

October 18, 2011

Metal Industry: New Bargaining Rounds

The Austrian trade union of metal workers and industry representatives could avert a strike. However, a compromise is still not found.

October 17, 2011

Austrian Metal Industry: Strike Threatens

After a warning strike on Friday, representatives of the metal industry and the trade union still reached no agreement. Now, a full strike threatens.

October 15, 2011

Bargaining Suspended – Metal Workers Take Industrial Action

Employees of more than 140 Austrian companies went on strike after negotiators had failed to agree on wage increases.

October 13, 2011

Metal Workers Start Autumn Bargaining Round

Salaries of 190,000 employees in the metal industry will be negotiated. Trade unions demand substantial increases.

September 22, 2011

AMAG to Expand Capacity of Canadian Smelter

The Austrian manufacturer of aluminum products is currently negotiating the project with four partners.

September 16, 2011

Hammerer Aluminium: € 8.5m Investment for Austrian Industrial Location

The aluminum company Hammerer Aluminium Industries (HAI) enlarges the headquarters location in Ranshofen, Austria.

September 13, 2011

AMAG Expects Record in Profitability

The Austrian manufacturer of aluminum products reported a strong development in the first half of 2011. Sales were up 21%, EBIT grew by 18% to € 59.9m

July 29, 2011

Strong Development of Exports in Austrian Machinery Industry

In the first three months of the year, Austrian enterprises exported machinery and metalware for € 6.04bn. Germany is the main trading partner of the industry.

July 11, 2011

Plansee Group Achieved Sales Record

The Austrian provider of metallurgically manufactured products increased revenue by 46%. A new factory near Shanghai is scheduled to start operation in 2012.

July 7, 2011

AMAG Group Records Strong Sales and Revenue Growth

Sales rise 27% to € 214.6 m (Q1 2010: € 168.6 m) EBITDA rises 15% to € 35.9 m from € 31.1 m.

May 3, 2011

Criticism on AMAG IPO

The placement of the shares before today's initial public offering has not been undertaken correctly, according to bank representatives. On the first day of trading the shares lost 6% of the issue price.

April 9, 2011

AMAG Quotes at Vienna Stock Exchange

Vienna Stock Exchange: Initial listing of AMAG stock on prime market today.

April 9, 2011

AMAG: Issue Price set at € 19 per share

Trading on the official market (Prime Market) of the Vienna Stock Exchange commences on April 8, 2011

April 8, 2011

Upward Trend for Austria's Machinery and Metal Products Industry

The Austrian machinery and metal products industry has recovered in 2010 from a very difficult previous year. Orders increased to € 29.6bn (+18.3%), production to € 32.7bn (+6.5%).

March 25, 2011 · Updated: March 25, 2011; 03:12

AMAG: € 170m Special Dividend before IPO

The owner of the Austrian metal company will sell 60% to 80% of the shares. Moreover, a capital increase is planned.

March 15, 2011

AMAG: First IPO since 2007

After more than three yeas, a new company will be listed on the Vienna Stock Exchange: the aluminum company AMAG.

March 10, 2011

Constantia Packaging Sells Austrian Subsidiaries

The industrial holding owned by the US-american JP Morgan sells the board manufacturer Duropack and the aluminium company AMAG.

January 31, 2011

Metal Workers: Up to 3% Wage Increase

Workers in the metal industry receive a strong wage increase. The minimum wage rises by 2.5%.

November 8, 2010

HTI Subsidiary Gruber & Kaja Receives 45 Million Euro Contract

HTI technology group wins a new major contract worth a total of around 45 million euro to be executed in the term of eight years.

September 23, 2010

Plansee expands into India and China

Despite the decline in sales, the Tyrolean company Plansee expands into Asia.

September 13, 2010
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