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21st Austria weekly - Strabag, ams, voestalpine (08/06/2020)

14.06.2020

Strabag: The European-based construction company Strabag has been commissioned to build another section of the A3 motorway in Romania. The order for the 4.5 km motorway section from Ungheni to Targu Mures also includes a 4.7 km long, four-lane spur route. Work is expected to start this July and is scheduled to last for 18 months. The RON 192 million contract (equivalent to around EUR 40 million) was awarded to Strabag by CNAIR, the Romanian motorway company. "A follow-up order is always a positive sign that our work has been valued by the client. After handing over the 10.1 km section between Ungheni and Ogra in 2018, we are happy to continue working on this central traffic artery," says Strabag CEO Thomas Birtel.
Strabag: weekly performance: -2.04%

ams: ams, a worldwide supplier of high performance sensor solutions, announces that the Supervisory Board of ams has extended the Management Board contract of Thomas Stockmeier as COO of ams until year-end 2023. The Supervisory Board of ams is glad to see Thomas Stockmeier continuing in his successful role as COO of ams in the coming years.
AMS: weekly performance: -6.46%

voestalpine: In a joint statement CEOs of the European steel industry (voestalpine, Salzgitter, thyssenkrupp ...) state: "The European steel industry’s survival is at further, serious risk because the Commission’s steel safeguard review proposal does not consider the sharp collapse in demand following the COVID pandemic. The tariff-free quota should reflect EU steel demand. The European steel sector is deeply disappointed that the Commission and many EU governments have not yet decided to consider this. Steel demand has fallen by 50% since the start of the COVID-19 pandemic in March. Our industry has had to cut production sharply to adapt to these changed circumstances, with 40% of the EU steel workforce laid-off or having to work part-time. Meanwhile, countries such as China, India, Indonesia and Russia have not rested: they continued, or are restoring, steel production and stockpiling. The imminent risk of cheap steel offers flooding the market would hamper our recovery and the survival of one of Europe’s strategic industries – one that sustains 2.6 million direct and indirect jobs in the EU. The current proposal could massively boost the market share of imports while a huge part of EU production capacity sits idle."
voestalpine: weekly performance: -4.98

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (08/06/2020)


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21st Austria weekly - Strabag, ams, voestalpine (08/06/2020)


14.06.2020, 2494 Zeichen



Strabag: The European-based construction company Strabag has been commissioned to build another section of the A3 motorway in Romania. The order for the 4.5 km motorway section from Ungheni to Targu Mures also includes a 4.7 km long, four-lane spur route. Work is expected to start this July and is scheduled to last for 18 months. The RON 192 million contract (equivalent to around EUR 40 million) was awarded to Strabag by CNAIR, the Romanian motorway company. "A follow-up order is always a positive sign that our work has been valued by the client. After handing over the 10.1 km section between Ungheni and Ogra in 2018, we are happy to continue working on this central traffic artery," says Strabag CEO Thomas Birtel.
Strabag: weekly performance: -2.04%

ams: ams, a worldwide supplier of high performance sensor solutions, announces that the Supervisory Board of ams has extended the Management Board contract of Thomas Stockmeier as COO of ams until year-end 2023. The Supervisory Board of ams is glad to see Thomas Stockmeier continuing in his successful role as COO of ams in the coming years.
AMS: weekly performance: -6.46%

voestalpine: In a joint statement CEOs of the European steel industry (voestalpine, Salzgitter, thyssenkrupp ...) state: "The European steel industry’s survival is at further, serious risk because the Commission’s steel safeguard review proposal does not consider the sharp collapse in demand following the COVID pandemic. The tariff-free quota should reflect EU steel demand. The European steel sector is deeply disappointed that the Commission and many EU governments have not yet decided to consider this. Steel demand has fallen by 50% since the start of the COVID-19 pandemic in March. Our industry has had to cut production sharply to adapt to these changed circumstances, with 40% of the EU steel workforce laid-off or having to work part-time. Meanwhile, countries such as China, India, Indonesia and Russia have not rested: they continued, or are restoring, steel production and stockpiling. The imminent risk of cheap steel offers flooding the market would hamper our recovery and the survival of one of Europe’s strategic industries – one that sustains 2.6 million direct and indirect jobs in the EU. The current proposal could massively boost the market share of imports while a huge part of EU production capacity sits idle."
voestalpine: weekly performance: -4.98

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (08/06/2020)



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