The latest industrial goods industry and company news and analysis from FriedlNews
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Austrian Industrial Goods Headlines

Semiconductor Producer AMS Boosts Profit and Sales in H1

The Styrian semiconductor producer listed in Zurich, AMS, raised sales and profits in the first half of the year thanks to robust demand for its sensor and analogue solutions. The sales target for 2019 is EUR 1 billion the company announced.

July 28, 2015

Trafomodern Joins Hands with Indian Salzer Electronics

India based Salzer Electronics has entered a technical licensing agreement with Trafomodern Transformatorengesellschaft m.b.H, an Austrian manufacturer of dry type transformers.

July 21, 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

Miba Shares Gain 19.3 Percent Following Takeover Offer

Miba preference share climbed 19.3 percent from EUR 461.05 (USD 508.8) to EUR 550.10 after a takeover offer. Earlier the majority owner, industrialist family Mitterbauer, announced its plan to acquire free float share for EUR 550/share. 9.33 percent of shares are listed on the Vienna Stock Exchange.

July 14, 2015

Sandvik Lands EUR 65 Million Deal in South Africa

Sandvik Mining Systems from Leoben has secured a large deal in South Africa. The company is going to supply four bulk good reloading installations by 2017. The contract volume amounts to EUR 65 million (USD 72.2 million), Sandvik announced. The deal has no impact on the factory in Zeltweg, where the company had to lay off 50 recently.

July 13, 2015

Constantia Flexibles Buys Afripack with Headquarters in Durban

Packaging giant Constantia Flexibles has bought Afripack with headquarters in Durban, South Africa. The group is strengthening its position south of the Sahara. Africa is a market with high potential.

July 9, 2015

RHI Boss Dampens Long-Term Expectations

The listed Austrian refractories group RHI has abandoned its sales target of EUR 3 billion in 2020. "When we formulated our vision for 2020 in 2012, the world was a bit different” RHI boss Franz Struzl declared in "Kleine Zeitung".

July 6, 2015

Pierer Industrie AG to Issue EUR 27.7 Million Bond

Pierer Industrie AG, which is controlled by Pierer Konzerngesellschaft mbH of the industrialist Stefan Pierer and which is the main shareholder of the listed Cross Industries AG, will tap the bond market.

July 3, 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

Andritz Engineering Moves Turbine Production to Germany from Switzerland

Andritz Hydro AG, a unit of listed engineering concern Andritz, will relocated water turbines production from Switzerland's Lucerne to Ravensburg in southern Germany, Andritz Hydro's comanager Heinz Duner said confirming a report in Neue Luzerner Zeitung.

July 2, 2015