euro adhoc: VA Technologie AG / Growing market Brazil: Major contract for VAI (E)

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  • Total contract value: approximately EUR 180 million
  • High demand for steel causes upturn of worldwide project activity
  • Brazil and CIS are the strongest growth markets besides China

The high demand for steel in conjunction with the good earnings situation of the steel industry continues to give global rise to numerous investment projects in new steel capacities, predominantly in the CIS and in Brazil. Due to its rich mineral resources Brazil ranks among the most promising future markets.
VOEST ALPINE INDUSTRIEANLAGENBAU (VAI), a subsidiary of the listed VA TECH now ensured the major order from a Brazilian steel producer.

Total contract value: EUR 180 million
Beyond the leadership of VAI a European consortium establishes a new blast furnace with a total value of more than EUR 180 million (portion of VAI: approximately EUR 120 million) for the leading Brazilian steel producer Companhia Siderùrgica de Tubarao and thus now also emphasises its global leading position in the field of iron and steelmaking in Brazil.

Order intake up by plus 88 percent in the first quarter
As a result of the good iron and steel industry market development, VAI could increase the order intake by 88 percent in the first quarter to EUR 454 million compared to the same figure of the preceding year. Sales rose by 34 percent to EUR 253 million and there was also an increase in the operating result (EBIT) to EUR 12.1 million.
In the period from January to March 2004 the world steel production rose by 8.7 percent compared to the same period of the previous year. The production in China increased by 26.4 percent, in the other countries it incremented by 3.9 percent.

Further inquiry note:
Bettina Pepek
Press Officer

phone: 43 1 89100-3400 fax: 43 1 89100-4103

Emittent: VA Technologie AG Lunzerstrasse 64 AT-4031 Linz ISIN: AT0000937453 WKN: 093745 Indizes: ATX, ATX Prime, WBI Börsen: official dealing Wiener Börse AG; free trade Berliner

end of announcement euro adhoc

Wertpapierbörse, Bayerische Börse
Branche: Technology
Sprache: Englisch