SOUTH AFRICA: VAE TO EXPAND WITH ACQUISITION
Article Abstract:
Austrian VAE (formerly Voest-Alpine Eisenbahnsysteme), the world's largest railway points manufacturer, expects to be the winning bidder in the sale of two railway points manufacturers in South Africa. The decision on the privatisation is to be taken in the next two weeks. The two South African companies employ 160 staff and generate an annual turnover of Sch 220mn between them. Together with the existing VAE plant in South Africa, they will reach a business volume of about Sch 400mn and allow the Austrian company to expand on other markets in southern Africa. Due to slack demand in the market, VAE saw a 11% fall in turnover in the first 9 months of 2000 to EUR 213.9mn. Profit on ordinary activities rose 7% to EUR 17.97mn. VAE is controlled by VA Stahl
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2000
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AUSTRIA: BOHLER-UDDEHOLM'S PLANS
Article Abstract:
The Austrian-Swedish steel maker Bohler-Uddeholm AG is to boost marketing in year 2001, buying regional steel merchants. According to chairman Claus Raidl, Bohler-Uddeholm wants to take an active part in the consolidation process in the steel market. Moreover, the company, in which the Austrian state holding company OIAG holds a blocking minority, is to invest in the processing of special steel products. The company is being advised by Boston Consulting. Bohler-Uddeholm expects a slight decline in sales and profits in year 2001, mainly due to the slackening of the US economy. In 2000 turnover grew 14% to EUR 1.48bn, earnings before interest and taxes 45% to EUR 125.7mn and profit on ordinary activities 61% to EUR 101.3mn.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2001
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AUSTRIA: HIGHER PROFITS FOR VAE
Article Abstract:
Despite a slackening of demand in the market, the Austrian rail producer VAE expects a favourable development of results in year 2000. VAE reports a 22% increase in earnings before interest and taxes to EUR 6mn in the first quarter. Surplus
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2000
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