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Austrian Basic Resources Industry Headlines

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

AMAG Boosts Profit for 2014, Dividend to be Doubled

The listed Upper-Austrian aluminium producer AMAG raised its after-tax profit thanks to, above all, tax effects, by 6 percent to EUR 59.2 million. The dividend for shareholders is supposed to be doubled to EUR 1.20 per share the company announced.

February 27, 2015

Steel Producer Voestalpine Wants to Boost US Business

Steel group Voestalpine wants to expand its business in the USA. In the next two years the company plans to spend EUR 250 million (USD 283.7 million) per year on the US market, CEO Wolfgang Eder announced in Frankfurt. The company has earmarked EUR 50-100 million in spending per year in the long run for the USA.

February 3, 2015

Norwegian State Fund Raises Stake in Voestalpine

State-owned Norwegian pension fund Norges Bank Investment Management holds 8,637,443 shares of Austrian listed company voestalpine, raising the voting rights stake from 4.32 to 5.01 percent.

February 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