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

Austrian Basic Resources Industry Headlines

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

OMV Unit Borealis Headed for Record Earnings in 2015, Pledges Higher Dividend

Chemicals group Borealis, a unit of listed oil and gas group OMV and Abu Dhabi based fund IPIC, will offer a higher dividend than in the previous years from 2015 earnings than in the previous years, CEO Mark Garrett said. The exact amount of the payout is yet to be decided upon.

November 4, 2015

Voestalpine Set to Buy Small US Steel Firm

Listed steel group Voestalpine plans to buy a small steel company in Wisconsin, US, the company said.

November 4, 2015

Voestalpine Opens New Plant in China

Today Voestalpine opened a new plant in Shenyang in China. The plant will produce car body components. The investment cost EUR 25 million (USD 27.4 million). At the first stage 70 employees will be working at the location.

October 29, 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

World Steel Association Re-Elects Voestalpine CEO Eder as Chairman

The World Steel Association extended a nomination for the position of its chairman to incumbent Wolfgang Eder, CEO of listed Austrian steel group Voestalpine, Voestalpine spokesman Peter Felsbach told APA.

October 12, 2015

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.

October 9, 2015

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