Austria: Andlinger to invest in VA Technologie?
Article Abstract:
Returning from the US, the investor Gerhard Andlinger, head of the Andlinger Group will decide if he wants, through an increase in capital, to be involved in VA Technologie, a company specialising in infrastructure engineering for steel mills and hydro power stations. Andlinger would need to free up Sch 1.2bn to make up 20% of this injection of capital. A meeting is likely to occur on 6 December 2001 to gain approval from the main shareholders, some of which, such as Voest, the Austrian based manufacturer and distributor of highly refined steel products and OIAG, are not satisfied with the offer as it stands. OIAG has been in contact with venture company E.C.P., with a possible interest in the VA Technologie subsidiary information company aii. Andlinger's plans for the future are uncertain. No comment has been made, though speculation includes his waiting for fellow shareholders to hand over shares or to add to his shares by freeing up suitable companies from VA Technologie.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2001
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AUSTRIA: NEW TURBINES FOR COMPETITIVE HYDROPOWER
Article Abstract:
VA Tech Voest MCE has presented new small turbines that can make hydro power generation economically viable even on a small scale. In a test at the Freudenau power station on the Danube in Vienna, 25 turbines of 200 kW were installed by ship locks. With 6,500 lock movements per year, such a power station could generate 3.7 GWh of electricity, covering the demand of 12,000 households. VA Tech Voest MCE aims to develop the matrix turbine technology further to allow electricity production at current US prices of 2 to 2.5 cents per kWh. The company sees the US and the European rivers Rhine, Rhone and Maas as market potential for the new turbines and expects to be able to sell annually between 5 and 10 turbine sets of the size used in Freudenau. Such a set costs about Sch 70mn.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2000
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Austria: Estag objects to Verbund and E.On alliance
Article Abstract:
Adolf Fehringer, spokesman of the board of directors of the Austrian based energy supplier Energie Steiermark (Estag), stated the company's intention to object to the alliance between the German based energy and chemicals group, E.On, and the Austrian based energy group, Verbund. The objection will be made to the anti-trust commission in Vienna. Estag, which owns 24 hydroelectric stations in the holding, will object to E.On holding more than 49% of European Hydro Power (EHP), the planned hydroelectric joint-venture of the Verbund and the E.On subsidiary EWK. E.On should also not hold more than 49% of EWK itself.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2001
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