AUSTRIA: PLANS OF ANKER'S NEW MANAGERS

Article Abstract:

At the Austrian bakery Ankerbrot AG, Otto Hasmiller took responsibility for production and direct sales and Hasso v. During for marketing, logistics, administration and retail trade at the beginning of March 2000. The Germans were appointed by the parent company Muller-Brot AG. The task of new top managers is to restore the profitability of the bakery. Among other things, they are focusing on further training of the 2,800 employees. The product range is to be adjusted to the changed demands of consumers, and the outlet network is to be modernised and extended. Ankerbrot found a new investor, DB Capital Partners Europe, in February 2000.

Strategy & planning, Executive changes & profiles, Bread, cake, and related products, Ankerbrot AG

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AUSTRIA: BREAD PRICES INCREASING

Article Abstract:

Due to the poor grain crop in 1999, bread and flour prices are expected to increase significantly in Austria. Several millers and bakers are struggling to survive. In western Austria, prices have already increased by Sch 0.20 for a bread roll and by Sch 1-2 for a kilogram of bread. Increases are expected also in eastern Austria, where bread prices have not increased for three years.

Commodity & service prices

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AUSTRIA: AGRA TO MAKE PASTA

Article Abstract:

Agra Kraftfutterwerke und Muhle AG is to increase the production of food products. It is planning pasta production in Graz. The company that has seen its turnover fall is to raise capital in three stages. In November 1999 the majority owner Helmut Sieber will inject Sch 30mn.

Expanded capacity, plant expansion, Prepared Feeds, Other Animal Food Manufacturing, Macaroni, Spaghetti & Noodles, Dry Pasta Manufacturing, Pasta products, Animal feeding and feeds

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