The latest basic resources industry and company news and analysis from FriedlNews
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Austrian Basic Resources Industry Headlines

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

Voestalpine Invested Over EUR 100 Million in New Linz Installation

The Upper Austrian steel group Voestalpine invested over EUR 100 million (USD 108.9 million) in a new continuous cast installation in Linz. 42 new jobs were created, the group stated. The construction period will take up about 24 months, the groundbreaking ceremony already took place.

July 20, 2015

Steel Cartel - ECJ Reduces Fine for Voestalpine

The European Court of Justice has reduced fines for multiple members of a European pre-stressing steel cartel imposed in October 2010. Also Voestalpine will benefit from this move. The fine imposed on voestalpine has been reduced by about two thirds from EUR 22 million to EUR 7.5 million (USD 8.3 million).

July 15, 2015

Greek Woes Boost Gold Sales in Austria

The Greek debt crisis has motivated Austrian savers to switch more to gold coin and bullion purchases. In normal months coin mint Münze Österreich sells about 60,000 ounces (31.1 gram) of gold, whereas in June the sales amount reached 161,000 ounces, head of Münze Österreich Gerhard Starsich told daily Kurier (Thursday issue).

July 9, 2015

Voestalpine Builds EUR 25 Million Plant in Linz

Voestalpine will invest EUR 25 million in the second plant producing laser-welded boards in Linz. Thanks to this the sales of Europlatinen GmbH, a subsidiary of Metal Forming Division, should grow from EUR 100 million (USD 110.8 million) to EUR 140 million in the next three years. The number of employees is supposed to grow from 200 to 270.

July 2, 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