Osteuropa l t Greiners Ums tze aufsch umen

Article Abstract:

The Austrian Kremsm nster-based company Greiner that produces foamed and other plastic products, dairy products packaging and laboratory equipment and is a supplier to the automotive and aviation industries and bus and train companies, is to hive off its eight product groups into separate companies. The subsidiary Triple A produces drinking water machines. Greiner recently took a majority stake in Mediscan, a sterilisation company. By the end of the fiscal year to the end of March 1999 Greiner is to launch Mini-Collect, a blood sampling system for infants. In 1998/99 Greiner expects a 10-15% increase in turnover from Sch 4.8bn in 1997/98 (+10%). Sales in the emerging markets of eastern Europe grew 38%, and this region should contribute most to future growth. The company is targeting especially the Baltic countries, Belarus, Bulgaria and Croatia.

Comment:

To hive off its eight product groups into separate companies

Diversified Companies, Strategy & planning, Greiner (Austria)

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Die Industrie investiert heuer kr ftig

Article Abstract:

A poll by Wifo, the Austrian Institute for Economic Forecasting, among 2,800 companies suggests that investment by Austrian industrial, construction, energy and transportation companies will reach Sch 63.1bn in 1998, up 9.4% in nominal terms and 7.6% in real terms. Investment ratio would thus rise from 6.2% to 6.4%. The increase is attributed to the postponement of investments in 1997, the improved self-financing power of companies, and low interest rates. While in 1997 investment was driven by exports, it is now being supported also by domestic demand. Investment by the construction sector is estimated to grow 4% in nominal terms to Sch 4.8bn, following stagnation in 1997.

Comment:

Austria: Investment by industrial, construction, energy & transportation co(s) will reach Sch63.1 bil in 1998

New Plant & Equipment

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