US: VA STAHL TAKES OVER ROLLFORMING CORP
Article Abstract:
Rollforming Corporation (RFC) of Shelbyville, Kentucky, has been acquired by VA Stahl Krems , a subsidiary of the Austrian steel producer Voest-Alpine Stahl AG. The US company with about 260 staff produces steel profiles for the furniture and automotive industries, but also for aviation . The company generates an annual turnover of about US$ 32mn and "good results". Sales are to be increased to about Sch 1bn in the medium term. The Austrian parent is planning investments of a few hundred million schillings in RFC. The US acquisition serves VA Stahl's aims to expand value-added input and follow its clients to foreign markets. VA Stahl Krems generates a turnover of about Sch 5.5bn.
Publisher: Unabhaengige Tageszeitungs fuer Oesterreich
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2000
Electrical & Electronic Equip, Electrical Equipment, Appliance, and Component Manufacturing, Foreign operations, Steel Structurals & Piling, Voest-Alpine Krems GmbH, Rollforming Corp.
AUSTRIA/US: VA STAHL, NUCOR PROJECT UNDER THREAT
Article Abstract:
According to chief executive Peter Strahammer, the plan of VA Stahl to set up a rail-making joint venture in the US are under threat due to Austria's new political situation. Together with the Georgetown, Arkansas-based steel maker Nucor, VA Stahl has been planning an about US$ 250mn investment north of Memphis. The Austrian company was to take a 25-50% stake in the project that was to present the knowhow of VA Stahl's Donawitz mill in the production of top-hardened rails with lengths of 120 metres. VA Stahl is to take the decision on the construction of a compact steel mill in Europe in summer 2000. The project, that may be carried out in cooperation with a partner, will process scrap, and it will have an integrated rolling mill. It has not been decided yet whether the mill will serve mainly east or west European markets.
Publisher: Unabhaengige Tageszeitungs fuer Oesterreich
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2000
Blast furnaces and steel mills, Scrap and waste materials, Hot Rolled Mill Products, Scrap Metals, Recyclable Material Wholesalers, Hot rolled steel, Scrap metal dealers, Nucor Corp.
VA Stahl springt VAE bei Abwehrkampf zur Seite
Article Abstract:
Linz-based steel producer VA Stahl is reportedly cooperating with an unnamed US producer of railway components in its bid for VAE AG, a Zeltweg-based producer of railway points and crossings. VA Stahl is competing for VAE against the French railway technology company De Dietrich, whose bid puts the value of VAE at Sch 2.135bn. VAE management is against the French bid.
Comment:
Is reportedly cooperating with unnamed US co in bid for VAE, Zeltweg-based producer of railway points and crossings
Publisher: Unabhaengige Tageszeitungs fuer Oesterreich
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 1998
Steel Rails, Wheels & Track Acc, Railroad equipment, Steel products, VAE AG, Article
Subjects list: United States, Austria, Voest-Alpine Stahl AG
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