30.10.2022, 2161 Zeichen

Palfinger: As part of its Vision & Strategy 2030, Austrian based lifting solutions provider Palfinger is leveraging the many potentials of its access platforms product line. With the substantial expansion of its existing location in Löbau, Saxony, the company is centralizing Germany-wide assembly in Lusatia. Palfinger is building a European hub for access platforms in Löbau, Saxony. In order to achieve its growth targets in this market segment, the world's leading producer and provider of innovative crane and lifting solutions is substantially expanding its existing site. That is why the assembly competencies of the Krefeld site, which could not be expanded, are also being moved to Saxony. “In Löbau, we are centralizing the entire German assembly of access platforms,” Palfinger CEO Andreas Klauser explains. “From 2023, large platforms will be assembled here in addition to the light and premium classes. This enables us to lift synergies across the entire product range. Löbau will be the European hub for platforms, with an additional assembly site in Cadelbosco, Italy.” In order to ensure more efficient processes and a high level of productivity, Palfinger is investing in Saxony in a new production hall and offices, a test site, a service location and a 10,000 m² outdoor area for product demonstrations, start-up and acceptance.
Palfinger: weekly performance: 1.82%

European Lithium: European Lithium Limited has entered into a business combination agreement with Sizzle Acquisition Corp., a US special purpose acquisition company listed on Nasdaq, pursuant to which European Lithium will sell-down its interest in its wholly owned Wolfsberg Lithium Project, which is based in Austria, and merge with Sizzle via a newly- formed, lithium exploration and development company named “Critical Metals Corp.” which is expected to be listed on Nasdaq. Upon the closing of the Transaction, European Lithium will be issued US- Dollar 750 mn worth of ordinary shares in Critical Metals, which represents an approximate 80% ownership interest in the combined entity.

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (26/10/2022)

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