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

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.


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

Mayr Melnhof Packaging Bought France’s Alliora

Listed cardboard maker Mayr-Melnhof has acquired all shares of Alliora SAS, a French firm of the packaging industry. The deal has yet to be approved by the antitrust authority BWB. The watchdog reports on its webpage that the takeover concerns the business of packaging materials made of paper and cardboard for consumer goods and the processing of the materials to boxes and displays.

July 1, 2015

Zumtobel Lights Turns to Profit in FY 2014/15, Plans Higher Dividend

Listed light company Zumtobel turned to profit in FY 2014/15 (ending at the end of April), netting EUR 11.9 million (USD 13.4 million), the company said in a report. In 2013/14, Zumtobel suffered a EUR 4.8 million net loss as restructuring costs affected the bottom line.

June 24, 2015

Greiner Packaging Takes Over Majority in Istanbul-Based Firms

Packaging manufacturer Greiner Packaging from Upper Austria has acquired majority stakes in two companies from Istanbul, it was announced. This turns the company into a leader among producers of plastic packaging for dairy products.

June 18, 2015

Voestalpine Lands EUR 60 Million Deal with Aviation Industry

Böhler, a subsidiary of Upper Austrian steel group voestalpine, has been awarded a EUR 60 million (USD 67.6 million) deal in France by an aviation industry company, during the aviation trade fair Le Bourget.

June 18, 2015

Mayr-Melnhof Cardboard Set to Buy French Box Maker for EUR 80 Mln

Listed cardboard group Mayr-Melnhof plans to buy box production operations of France's Ileos SA, held by Oaktree fund, for some EUR 80 million (USD 90.1 million), the company said. The French company achieved some EUR 115 million revenues in 2014.

June 17, 2015

Palfinger Cranes Inks ca. EUR 33 Mln Deal with Statoil

Listed crane producer Palfinger signed a nearly EUR 33 million (USD 37.2 million) contract for supplying marine cranes for Norway's oil concern Statoil oil and gas field, Palfinger said.

June 16, 2015

Timber Industry Posts Decline for 2014

The production volume of the timber industry in Austria slipped by 5.2 percent to EUR 7.08 billion (USD 8 billion) last year. The export rate fell 1.5 percent to EUR 4.78 billion, reaching 68 percent. 74 percent of the production was exported to the EU, and Germany and Italy in particular. The import has dropped, too, although not as much as exports.

June 10, 2015