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Austrian Basic Resources Industry Headlines

Verbund and Voestalpine Deepen Collaboration

Verbund and Voestalpine are working on deepening their collaboration to start with, over a period of six years. One of the projects involves the construction of a photovoltaic installation near Voestalpine in Leoben. The energy management of the past is not the energy management of the future, Verbund CEO Wolfgang Anzegruber noted. He and Voestalpine head Wolfgange Eder call for politicians to create stable framework conditions.

July 28, 2016

Voestalpine Steel Eyes Further Growth in Automotive Segment

Listed steel group Voestalpine is eyeing further, permanent growth in the automotive segment, CEO Wolfgang Eder said in a statement accompanying the launch of the group's new light automotive components facility in Germany's Schwäbisch Gmünd. By 2020, the company wants to raise the share of mobility segment in total revenues to 50 percent from the current 48 percent.

July 8, 2016

Corpus Christi Plant in Texas to Boost Voestalpine’s Sales

The listed steel group voestalpine wants to triple its sales in North America to EUR 3 billion (USD 3.39 billion) by 2020. The almost ready iron sponge plant in Texas is supposed to be the driving force behind this growth.

April 22, 2016

Voestalpine Acquires Specialty Steel Firms in Shanghai and Barcelona

Voestalpine steel buys two specialty steel firms. With the purchase of Advanced Tooling Tek (ATT) in Shanghai, China, and the Sermetal Group in Barcelona, Spain, Voestalpine is enhancing its position as a producer of special steels. Both companies are specialized in the processing and sale of special steel products for tool and mold-making, a segment whose main customers are the automotive and electronics industries. Together ATT and the Sermetal Group have around 160 employees and generated a total revenue of around EUR 43 million in 2015.

April 7, 2016

Voestalpine Increased Revenue by 4.1% in First Half 2015/16

In the first half of the business year 2015/16 (April 1 to September 30), the steel group Voestalpine continued its performance despite an economic environment that – viewed globally – is inconsistent. In a year-to-year comparison, it increased its revenue by 4.1% from EUR 5.6 billion to EUR 5.8 billion.

November 11, 2015

Primetals Austria to Lay Off 200 of its 1,600 Employees

Engineering group Primetals will lay off up to 200 of its 1,600 employees in Upper Austria next year, the daily Oberosterreichische Nachrichten reports. The group needs to achieve EUR 20 million savings in its Linz location, while incoming orders are well below the company's expectations.

October 16, 2015

Voestalpine Buys Italian Drawn Wire Producer

Voestalpine is expanding its activities in the drawn wire business segment and has completed its acquisition of Italian company Trafilerie Industriali S.p.A. based in Nervesa della Battaglia (Treviso). The acquisition of this Italian manufacturer of special wires brings additional strength to the Voestalpine product portfolio of drawn wire for the automotive industry.

January 12, 2015

Voestalpine with Jump in Earnings in the First Half of the Business Year

Despite a persistently challenging economic climate, the voestalpine Group posted a largely solid performance during the first half of the business year 2014/15 (April 1, 2014 to March 31, 2015). At -1.5%, revenue was down slightly, from EUR 5.64 billion to EUR 5.56 billion.

November 5, 2014

Voestalpine to Supply at Least 400k Tonnes of Special Iron to Altos Hornos de Mexico

Listed steel group voestalpine signed a contract for supplying of 400k tonnes of hot briquetted iron (HBI) with an option for another 250k tonnes from its Texas plant to Mexican steel producer Altos Hornos de Mexico, the company said in a statement.

August 21, 2014

Strabag to Build Steel Plant in Russia for € 300 Million

Publicly listed construction group Strabag SE has been contracted by Russia’s Tula-Steel Company to build a steel production and rolling mill in Tula, some 200 km south of Moscow. The industrial complex will be constructed in close vicinity to Tulachermet’s existing iron mill. The contract value is € 300 million. Construction of the project will begin in autumn 2014 and is expected to be completed within 36 months. Also today, BWB the Austrian antitrust authority has approved the acquisition of a total of 25% in Strabag by Oleg Deripaska, the Russian oligarch.

July 14, 2014