Austria (64)

AUSTRIA

Weaker Fiber Prices Push Lenzing's Profits Down
Lenzing says net profits in the first quarter of 2012 fell 27.6%, to €48.4 million ($62.8 million) compared with €66.9 million in the same quarter of 2011. Ebitda and Ebit also decreased 19% and 25.9% year over year, to €93.1 million and...

SGL Joint Venture Builds Production Plant in Austria
Benteler-SGL (Paderborn, Germany), a joint venture between Benteler Automobiltechnik (Paderborn) and the SGL Group (Wiesbaden, Germany), says it has started construction of a plant for the manufacture of automotive components made of fiber-reinforced...

Borealis Reports Lower Fourth-Quarter Profits and Sales, Sees Challenging Year Ahead
Borealis today reported a big drop in fourth quarter net profits and a slide in sales but its full year results were stronger than in 2010. Net profits in the fourth quarter reached €58 million ($76.7 million) compared with €134 million in the...

Higher Olefin Margins Boost OMV's Petchems Ebit
Oil and gas company OMV (Vienna) says Ebit at its petrochemical business increased 68% in the fourth quarter of 2011, to €12 million ($15.9 million) compared with €7 million in the previous-year period. Petrochemical sales figures...

Solvay to Sell Its Stake in Plastic Pipe Firm to Wienerberger
Solvay says it has agreed  to sell its 50% stake in polyvinyl chloride pipe systems supplier Pipelife (Vienna) to Wienerberger (Vienna). Solvay will receive €172 million ($224 million) in cash for its shares, including a dividend of €10...

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