AUSTRIA: GETZNER EYEING OVERSEAS MARKETS

Article Abstract:

The Austrian company Getzner Werkstoffe, a producer of polyurethane foams, is to expand both geographically and in terms of application markets. Currently the railway sector contributes two-thirds to sales. The company's polyurethane foam substrates are used as vibration isolators in the construction of railways and in train wagons and locomotives. Other applications include cable-car and chair-lift suspensions, construction and industrial applications. In regional terms, Getzner is setting hopes on the US market, where the polyurethane foam substrates are still unknown in railway construction. In Asia, the Austrian company is to tackle the markets in China, Japan, Korea and Taiwan. By 2004 Getzner aims to raise turnover to Sch 500mn. In 1999 sales doubled to Sch 328mn, while profit on ordinary activities surged to Sch 102mn. The annual average profit ratio is 10-11%, but in 1999 it was boosted by major orders from Germany. Beside being the market leader in Austria, Getzner is a supplier to the railway companies of France, Italy and Scandinavia.

Foreign operations, Plastics Material and Resin Manufacturing, Plastics materials and resins, Urea-Formaldehyde Resins

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AUSTRIA: HTP PLANNING ACQUISITIONS

Article Abstract:

The Austrian Neudorfl-based company Rohrig High Tech Plastics AG (HTP), which produces plastic components for the electronics and automotive industries, is to go public in order to raise money for two acquisitions. The share capital is to be raised from Sch 40mn to Sch 65mn. HTP, which employs 358 staff, made a profit of EUR 4.2mn on a turnover of EUR 24.4mn in 1998.

Financial management, Motor Vehicle Parts, Motor Vehicle Parts Manufacturing, Securities issued, listed, Automotive parts, Rohrig High Tech Plastics AG

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AUSTRIA: AVIATION COMPONENTS BY ROHRIG, FACC

Article Abstract:

Rohrig HTP has signed a cooperation agreement with Fischer Advanced Composite Components AG (FACC) on the marketing of plastic components for the aviation industry.

Joint ventures, Aircraft Parts, Other Aircraft Parts and Auxiliary Equipment Manufacturing, Aircraft parts and equipment, not elsewhere classified, Plastics industry, Aircraft equipment and supplies industry, Aircraft parts industry, Fischer Advanced Composite Components AG

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