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

Voestalpine Steel Managers End Rail Track Cartel Trial with Fines

Voestalpine steel six managers will not be facing legal consequences over the so-called track cartel as the court procedure over the case was concluded, the Bochum regional court said Monday. The defendants will have to make payments totaling EUR 290k instead.

May 19, 2015

Primetals Technologies Lands Multi-Million Order From Italy

Primetals Technologies, a joint venture of Siemens and Mitsubishi Heavy Industries around the former Voestalpine Industrieanlagenbau (VAI) has landed an order worth a few dozen million Euros.

April 9, 2015

Loacker Recycling Opens Office in Singapore

The Vorarlberg recycling business Loacker launched its new office in Singapore on 1 April. The Loacker Recycling Asia Pte Ltd. will specialize in trade with secondary resources, the company announced on Wednesday. The new branch office is expected to promote recycling activities in Asia.

April 1, 2015

Switzerland’s Schmolz+Bickenbach Sells Steel Unit in Austria

Swiss steel group Schmolz+Bickenbach (S+B) is selling its distribution divisions in Austria, Germany, Belgium and the Netherlands, to French steel dealer Jacquet Metal Service, for a price of EUR 88.6 million (USD 95.9 million).

March 30, 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

Austrian Export Award 2014 for Above-Average Export Commitment

As part of a festive gala evening in Vienna's Museumsquartier, the Austrian Export Prize 2014 has been awarded by the Federal Minister for Science, Research and Economics, Reinhold Mitterlehner, and the President of the Economic Chamber Austria (WKO) Christoph Leitl.

June 26, 2014

Voestalpine Plans Further Acquisitions

In an interview with the Financial Times, Voestalpine CEO Wolfgang Eder confirms his ambition to grow through acquisitions and to double its revenue by acquiring suitable targets in the special steel division in China and North America.

June 16, 2014