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

Voestalpine Lands EUR 350 Million Deal

Listed steel and technology concern voestalpine has scored a contract valid until mid-2022 for belt pretensioner component and airbag component deliveries worth up to EUR 350 million (USD 395.1 million). The group’s annual revenue amounted last year to EUR 11.2 billion.

August 31, 2015

Andritz Closes Down Three German Factories, 450 Laid Off

The German molding press maker Schuler, owned by Austria’s listed Andritz since 2013, is going to closed down three of its seven production facilities in Germany. 450 staff will lose their jobs. The profit of Andritz will be reduced by EUR 1520 million (USD 17.2 million EUR 17.4 million) this year due to the decision, it was announced.

August 26, 2015

OMV Unit Borealis Eyes Record Profit this Year - CEO

Plastics, chemicals and fertilisers group Borealis, a 36-percent unit of listed oil and gas giant OMV, expects to post a record result this year, CEO Mark Garrett said.

August 14, 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

Loacker Recycling Invests EUR 25 Million in Headquarters

The Vorarlberg-based recycling company Loacker will invest EUR 25 million (USD 27.4 million) in its headquarters in Götzis. In September work on the construction of a new building complex will start. The construction permit has just been granted by the land administrative court.

August 5, 2015

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