Follow us on Twitter      

Latest News


Keyword Search

RegionB

North / South America

Asamer of Austria to split up activities

Nov, 29 2013



The struggling Austrian construction materials company Asamer has confirmed that its liabilities amount to around €400 million.

The company's administrator plans to divide Asamer into two entities. The current family owners of Asamer will retain the core activities in Austria, along with the firm's plants in Slovakia and Bosnia Herzegovina. This amounts to a total turnover of €200 million compared to Asamer's current overall turnover of €452 million.

The administrator is to look for investors and strategic partners for Asamer's remaining activities, including the business in Libya and plants in the Arabic Peninsula, Hungary, Czech Republic and the Balkan States.

Source

Bookmark and Share
Comments
0 Comment(s)
Add Your Comments


Wisconsin's frac sand industry booms

Wisconsin was the leading producer of frac sand in 2014, accounting for nearly half of the nation's production of the white sand coveted by the hydraulic fracturing industry, new statistics released this week show. More

Video: Bare Essentials of Concrete Pt1

Video: Concrete expert Professor Nick Buenfeld introduces viewers to concrete More

Advertise Here