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

Voestalpine Steel Faces Renewed Cartel Suspicion in Germany

Listed steel group Voestalpine is facing cartel charges in Germany yet again, but expects no significant fines on this account, the company said.

November 27, 2015

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

Constantia Flexibles Buys Label Producer Pemara

Austria's listed packaging producer Constantia Flexibles, majority-owned by French group Wendel, is taking over Melbourne-based Australian label producer Pemara. The acquisition is to be completed within the next weeks, the Austrian firm announced. No financial details have been disclosed. Pemara is owned by private persons. Its annual turnover is estimated at EUR 30 million (USD 32.6 million). It operates works in Australia, Malaysia, Vietnam and Indonesia.

November 9, 2015

RHI Refractories 9 Mo Net Profit Up, Q3 Results Affected by FX Loss

Listed refractories firm RHI raised revenues by 4.6 percent y/y to EUR 1.3 billion (USD 1.4 billion) in the first nine months of the year, while net profit grew by 8.5 percent to EUR 56 million, the company said in a report.

November 5, 2015

Heinzel Takes Over German Mondi Paper Factory in Raubling

The Austrian paper company Heinzel is taking over a paper factory of Mondi located in Bavaria, in the town of Raubling. The price of the company Mondi Raubling GmbH including Chiemgau Recycling GmbH amounts to EUR 25 million (USD 27.5 million), Heinzel Group disclosed. The company intends to invest in three facilities in Laakirchen (Upper Austria), in Pols (Styria) and in Kunda (Estonia) a total of EUR 150 million.

October 30, 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

Siemens to Keep Urban Transport Competence Centre in Vienna

Industrial giant Siemens will keep its competence centre for urban transport in Vienna, despite the plan to build another tram plant in Turkey by 2018, Siemens Austria said.

October 20, 2015

Wienerberger Annual Reports Ranked Among the Top 20 Worldwide

Wienerberger, the world's largest producer of bricks, has again won recognition for its Annual Report 2014 and also, for the first time, for its Sustainability Report 2014. Heimo Scheuch, Chief Executive Officer of Wienerberger AG, takes pride in these distinctions: "Open and active communication with all our stakeholders and the highest possible level of transparency are top priorities for us."

October 15, 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