Steyrerm hl r stet mit Millioneninvestition auf

Article Abstract:

The Austrian paper company Steyrerm hl, part of the German Haindl group, is to invest Sch 700mn in the modernisation of the paper machine 3 for a production of high-quality magazine paper. Steyrerm hl is aiming at profits of Sch 300mn-400mn on ordinary activities. If raw material prices remain low, profits could double from the Sch 212mn in 1998. Demand for newsprint is keen and prices increased by 10% at the beginning of 1998. In 1997, the company's turnover fell from Sch 3.4bn to Sch 3.0bn. However, due to the optimisation of costs, low raw material prices and an increase in production, profits were better than expected.

Comment:

Is to invest Sch700 mil in modernization of paper machine 3 for production of high-quality magazine paper

Capital expenditures, Newsprint, Newsprint Mills, Article, STEYRERMUHL Papierfabriks- und Verlags AG

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Austria: Debit card transactions cheaper

Article Abstract:

The fee paid by the retailer for debit card transactions in Austria is to be lowered, following the reduction in summer 2001 for credit card transactions and growing pressure from retailers. The new fee will range between 0.85% for companies with an annual turnover of more than EUR 600,000 and 1.15% for companies with a turnover of less than EUR 100,000. The higher figure has been reduced from 1.3%. For foreign Maestro cards the fee is 1.5%. In addition the retailer pays a fixed transaction rate which has been reduced from Sch 2 to Sch 1.9.

Commercial Banks, Commercial Banking, Commercial Bank Retail Svcs, Retail banking

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