The latest basic resources industry and company news and analysis from FriedlNews
Page 1/31

Austrian Basic Resources Industry Headlines

Voestalpine Not to Disregard Europe, Despite US Investments

Listed steel group voestalpine does not plan to turn its back on Europe or Austria, despite its US investments, the company's CFO Robert Ottel said at a financial symposium in Alpbach.


Voestalpine Wants to Invest More in Mexico

Listed steel group Voestalpine continues internationalization efforts, focusing on North America. The company is currently looking into the construction of a car part plant in Mexico. CEO Wolfgang Eder commented towards the press that Mexico was one of the most important markets of the future for both Americas, hence a relocation in the direction of Mexico. Eder himself called "Mexico the better Brazil”.

October 8, 2015

Voestalpine Celebrates 20th Anniversary at Stock Exchange

Linz steel group voestalpine has been listed at Vienna Stock Exchange since October 9, 1995 . The company used to be state-owned, called VoestAlpine. Since 1995 the company has turned into a steel giant and industrial technology group whose share price has risen six times in value, or by EUR 33.

October 7, 2015

Austrian Industry: Sentiment Worse Than Ever

"The worries over the industry haven’t been that strong since I have been active. Also, the sentiment among companies is worse than everything I have experienced over the past two decades” Christoph Neumayer, general secretary of Industriellenvereinigung (IV) told journalists in Vienna.

October 1, 2015

AMAG Held Ground-Breaking Ceremony in Ranshofen

Listed aluminum group AMAG has held a groundbreaking ceremony in Ranshofen, before the extension of the factory in the Upper Austrian town. The investment will cost the concern EUR 300 million (USD 343.5 million), leading eventually to a doubling of the output capacity of the rolling mill to 300,0000 tonnes.

September 18, 2015

Voestalpine Steel's CEO on European Steel Industry

European steel sector is threatened by massive over-capacities at 30-40 million tonnes which could affect 70-350k jobs in Europe, in the opinion of listed steel group Voestalpine's CEO Wolfgang Eder.

September 10, 2015

Voestalpine Steel to Decide on Chinese Plant in 2016 - CEO

Listed steel group voestalpine stands by the plan to build a stainless steel plant in China and should make the decision in 2016, CEO Wolfgang Eder told journalists in Düsseldorf. Voestalpine said earlier that the plant would cost some EUR 140 million (USD 156.6 million).

September 9, 2015

Voestalpine Lands EUR 350 Million Deal

Listed steel and technology concern voestalpine has scored a contract valid until mid-2022 for belt pretensioner component and airbag component deliveries worth up to EUR 350 million (USD 395.1 million). The group’s annual revenue amounted last year to EUR 11.2 billion.

August 31, 2015

German Rohrdorfer Buys Cemex Locations in Austria and Hungary

Mexican cement group Cemex has sold off its locations in Austria (24 sand and gravel pits, 34 readymix concrete factories and one plant for the production of additives) and Hungary to Bavarian group Rohrdorfer. The contract was signed on Wednesday.

August 12, 2015

Voestalpine Confirms US Facility in Pipeline

Listed Austrian steel group voestalpine is currently pumping EUR 550 million (USD 597 million) in a new steel work in Corpus Christi (Texas) in the USA. In spite of difficult weather conditions construction progresses according to plan, CEO Wolfgang Eder disclosed, while commenting about the financial results of the company published in the morning.

August 6, 2015