The latest industry and company news and analysis from FriedlNews
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Austrian Industrial Company Headlines

EC Okays Sale of Duropack to British DS Smith

The European Commission agreed on Friday to the sale of Austrian paper producer Duropack to British packaging manufacturer DS Smith. The EC had no competition-related concerns.

May 22, 2015

Mayr-Melnhof Closes Facility in Gunskirchen

Stock-listed cardboard maker Mayr-Melnhof is closing down its folding-box factory in Gunskirchen, in order to focus production in Vienna by the end of the year. 100 people will lose their jobs.

May 22, 2015

Umdasch Group Boosts Profits in 2014

The formwork and shop construction specialist Umdasch recorded the second-best sales result (+0.4 percent to EUR 1.1 billion) in its history, despite fluctuations of demand and cutting work hours for some time. In 2014 the profit increased by 72 percent to EUR 79 million. Weakness of the Euro helped the group achieve a 90-percent export quota.

May 21, 2015

FACC Airplane Components Turns to 2014/15 Loss

Listed Upper Austrian airplane component producer FACC turned to an operating loss of EUR 4.5 million (USD 5.0 million) in FY 2014/15, worse than EUR 41.9 million operating profit a year earlier, while net result moved to a negative EUR 9.6 million from a positive EUR 28.9 million a year earlier, the company said in a report.

May 21, 2015

Strabag Builder Wins EUR 70 Mln Consortial Deal in Romania

Listed construction group Strabag won a EUR 70 million (USD 78.3 million) consortial contract in Romania for building a 10km section of the A3 motorway between Ungheni and Ogra, the company said.

May 20, 2015

Chain Maker Pewag will Build Plants in Czech Republic Worth EUR 30 Million

Prague daily Hospodářské Noviny reports about the expansion of the production of Austrian chain maker Pewag, which will invest EUR 29.24m (CZK 800m) into new plants in Vamberk and Chrudim. The investment should create roughly 200 jobs.

May 19, 2015

Voestalpine Steel Managers End Rail Track Cartel Trial with Fines

Voestalpine steel six managers will not be facing legal consequences over the so-called track cartel as the court procedure over the case was concluded, the Bochum regional court said Monday. The defendants will have to make payments totaling EUR 290k instead.

May 19, 2015

CEO Untersperger: Lenzing May Conduct Further Layoffs

Listed textiles firm Lenzing does not rule out further layoffs above the up to 250 job cuts planned for this year, according to CEO Peter Untersperger, who will leave the group with the end of May to be replaced by Stefan Doboczky,

May 18, 2015

Timber Industry Opposes New Romanian Forestry Law

The new forestry law in Romania is causing a lot of opposition, especially on the part of timber industry representatives and of the main pinewood processing company in Austria, Holzindustrie Schweighofer. Last autumn the firm threatened the PM with mass lay-offs, should the new law come into effect in the planned form.

May 15, 2015

RHI Refractories Raises Q1 Net Profit to EUR 21.1 Mln

Listed refractories group RHI posted EUR 21.1 million (USD 23.75 million) in Q1 net profit, up by 6.6 percent y/y but slightly below expectations for EUR 22.7 million, the company said in a report out Wednesday.

May 13, 2015