Packaging Industry

Austrian Prinzhorn Holding to Invest Massively in Hungary

Prinzhorn Holding will build its own power plant in Hungary to supply its paper factory in Dunaujvaros.

May 21, 2014

Mayr-Melnhof Group: Profits Above Last Year's Value

Results for the 1st Half-year 2013

August 15, 2013

Mitterlehner: Romania Offers New Chances for Austrian Economy

Austrian Economy Minister Reinhold Mitterlehner met his Romanian counterpart Varujan Vosganian in Vienna.

June 25, 2013

Mayer-Melnhof Expands to Norway

MM Karton expands raw material supply for cartonboard production.

June 11, 2013

Declining Profit at Mayr-Melnhof

Sales remained almost stable, net income was down by 20%. Regarding the near future, the company is cautious.

November 15, 2012

Mayr-Melnhof to Become Market Leader in Colombia

The Austrian carton producer Mayr-Melnhof Packaging acquires Colombian Plegacol and creates a new Colombian market leader in folding cartons.

September 17, 2012

Mayr-Melnhof Reports Worsened Results

The Austrian packaging company today announced its results for the first quarter. Sales were down slightly, the net profit declined by 20%.

August 16, 2012

Decreasing Profit at Mayr-Melnhof Expected

Next Thursday, the Austrian packaging company will present its results for the first half year of 2012. Revenues are anticipated to decrease.

August 14, 2012

Mayr-Melnhof: Stable Results Ahead

Next Thursday, the Austrian packaging company will present its results for the first quarter of 2012. Mayr-Melnhofs EBIT margin is expected to increase.

August 10, 2012

Loss Increase at Hirsch Servo

The Austrian packaging company announced its results for the first three quarters of 2011/12. Revenues and earnings were down substantially. Hirsch Servo aims to cut costs further.

May 31, 2012

U.K.: Mayr-Melnhof and Trade Union Settle Dispute

The Austrian manufacturer of packaging products grants a better social package to the former employees of the Liverpool-based factory.

May 29, 2012

Austrian Paper Industry Sees Lack in Skilled Workers

Last year, the domestic paper industry recovered. The new challenge would be to attract sufficient skilled workers.

May 23, 2012

Mayr-Melnhof Posts Profit Decrease

Sales were held up on previous year’s level. The operating profit was below last year’s value due to a sharp increase in input prices. Net income fell by 20%.

May 15, 2012

British Mayr-Melnhof Factory Occupied

The Liverpool-based site of the Austrian packaging company Mayr-Melnhof will be closed. Workers occupy the factory in order to prevent the shutdown.

April 2, 2012

Mayr-Melnhof Closes Liverpool Plant

The Austrian packaging company today announced that it is to close its packaging plant in Liverpool.

March 29, 2012

Moderate Rise in Results at Mayr-Melnhof

The Austrian packaging company could enhance profits by 7.5% to 118.7m. Dividends rise from € 1.95 to € 2.10.

March 15, 2012

Hirsch Servo Still Records Losses

Sales revenue in EPS Processing down slightly due to drop in volume in Packaging division. The company emphasizes to take further steps to cut costs.

February 29, 2012

Changes to the Executive Board of Hirsch Servo

Dr. Johannes Kappel will join the new two-member board of the Austrian machine manufacturer and packaging supplier.

December 22, 2011

Austrian Investor Interested in Croatian Aluminum Company

The Austrian financial investor Michael Tojner is a potential buyer of the Croatian aluminum manufacturer TLM-TVP, which is owned by Hypo Group.

December 10, 2011

Hirsch Servo Posts Loss of € 1.32m

Sales revenue of the Austrian machine manufacturer and packaging supplier declined by 6% in the first three months of fiscal 2011/12. EBIT dropped to € -0.26m.

November 29, 2011

Binder+Co Reports Strong Rise in Sales and Orders

Binder & Co, an Austrian supplier of environmental and packaging technology completed Q1–3/2011 with marked increases in both sales revenues and EBIT.

November 16, 2011

Stable Results for Mayr-Melnhof

The Austria cartonboard producer announces rising sales, earnings and profits. However, the outlook is less optimistic. Mayr-Melnhof sees declining margins.

November 15, 2011

Hirsch Servo Achieves Turnaround in EBIT

Total sales of the Austrian machine manufacturer and packaging supplier increased by 8%. EBIT improved by € 7.6m to € 2.2m.

October 28, 2011

Greiner Packaging Expands its Network in Romania

The Austrian packaging producer took over the major share of S.C. Amplast Co S.A. from a group of private owners.

October 13, 2011

Hirsch Servo Implements Long-Term Financing Plan

The Austrian machine manufacturer and packaging supplier reached an extension of the terms for its long-term loans.

September 30, 2011

Mayr-Melnhof with Improved Sales and Earnings

The Austrian packaging company reported an increase in sales of 14.5% for the period from January to June. Profit was improved from € 48.9m to € 64.0m.

August 17, 2011

Constantia Flexibles Acquires Turkish Asaş

The subsidiary of Constantia packaging took over 93% of the Turkish company. The deal has already been approved by the cartel authorities.

August 11, 2011

Hirsch Servo Still in the Red

The Austrian machine manufacturer and packaging supplier improved its results in the first three quarters of the financial year. Operational turnaround is still planned for 2010/11.

May 31, 2011

Mayr-Melnhof Improves Results Significantly

The Austrian packaging company could rise profits by 27.3%. Sales went up by 12.6%.

May 12, 2011

Hirsch Servo Opens New Plant in Romania

Expanding its eastern and southeastern European production network, the HIRSCH Servo Group is setting up another operation in Oradea/Romania. Production at the site will total some 600 tonnes of packaging material a year.

April 6, 2011

Mayr-Melnhof: Satisfying Results for 2010

The Austrian packaging company realized an increase in sales by 11.1.% Profit was above the previous year´s level by 13.3%.

March 18, 2011

Hirsch Servo Reports Improvements, but Still Losses

Sales rose by 20%, the EBIT could turn into black. However, profit after taxes are still negative.

February 26, 2011

OMV Pulls its Staff out of Tunisia

Due to the recent developments in Tunisia, the Austrian OMV pulls back to a large extent. The cardboard manufacturer Mayr-Melnhof stays on.

January 18, 2011

Mayr-Melnhof: Bankruptcy in Switzerland

The Austrian manufacturer of packaging materials is preparing bankruptcy proceedings for the Swiss sawmill in Ems.

December 8, 2010

Hirsch Servo Still Records Losses

Sales were up by 27% in the first quarter. Hirsch already experiences an upward trend, the turnaround is expected in 2011.

November 25, 2010

Binder&Co; Announces Q1-Q3 Results

Binder was able to increase its order intake by 50% over the previous year. However, company sales revenues and EBIT remained below the 2009 level.

November 17, 2010

Mayr-Melnhof Announces Results for Q3 2010

Mayr-Melnhof records a significant increase of results in Q3. The rise in cartonboard prices compensates the recent cost surge.

November 16, 2010

Heinzel Group: Unrestricted Expansion

This year, the Austrian paper group expects a turnover of 650 million euro; in 2011 the billion mark will be exceeded.

November 9, 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
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