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Timber

Lenzing AG - Dividend Remains Constant, Special Dividend Higher

The Management Board of Lenzing AG has resolved to propose distribution of an unchanged basic and higher special dividend for 2017 financial year on the basis of its preliminary business results which have not yet been subject to a final audit. The dividend of EUR 3.00 per share is planned to remain constant, whereas the special dividend should be increased from EUR 1.20 to EUR 2.00 per share due to Lenzing's performance in the 2017 financial year.

February 26, 2018

Strabag Group Expands Range of Services with Structural Timber Engineering

The German subsidiary Züblin gains access to the field of timber construction through an acquisition.

December 23, 2011

Changes in the Management Board of Teak Holz

Siegfried Mader takes over as CEO from Markus Baumgartner who becomes CFO. Klaus Hennerbichler and Pavel Brenner leave the Board.

October 28, 2011

Teak Holz Wins Major Order

The Upper Austrian timber company signed a € 50m contract for external forest management activities in Costa Rica.

October 6, 2011

Teak Holz Cancels Capital Increase

The Upper Austrian timber company will delay its expansion to a later point in time. Forest management and other projects are not affected by the decision.

September 24, 2011

Teak Holz International: Earnings Four Times as High as Revenue

The Upper Austrian timber company’s revenue more than doubled in the first nine months of the financial year. The value of plantations increased by € 8.7m.

August 4, 2011

Teak Holz to Raise Capital for Expansion

The Upper Austrian timber company announced a capital increase by € 15.6m. The funds will be used to boost growth.

June 28, 2011

Surplus of Timber in Austria

More timber grows in Austria's forests wood than is harvested. The Chamber of Agriculture calls for looser terms of use.

April 23, 2011

Timber Production Increased Slightly Again in 2010

The timber harvest increased last year by 6.6% compared with 2009. Climate-damaged timber has decreased by 14%.

April 20, 2011

Teak Holz Manages Turaround

The Austrian timber company could realize profits again in the fiscal year October 2009/September 2010.

January 29, 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
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