21st Austria weekly - Andritz, Zumtobel (13/02/2020)

Andritz: International technology group Andritz has received an order from Hyundai Steel, Korea, to supply key process equipment for the #1 furnace in the existing continuous galvanizing line (CGL) at the Dangjin plant. The scope of supply includes engineering, delivery of a new Andritz Selas Direct Fired Furnace (DFF), as well as supervision of erection work and commissioning. The project will be executed during the fourth quarter of 2020.
Andritz: weekly performance: -0.11%

Zumtobel: The Supervisory Board of the lightning company Zumtobel Group AG dealt with possible new appointments to as well as a rejuvenation of the Supervisory Board. After a proposal was made, Jürg Zumtobel (83 years old), Chairman of the Supervisory Board, and Fritz Zumtobel (80 years old), Member of the Supervisory Board, informed the Supervisory Board about their decision of an early termination of their contracts. With this early termination, the two longstanding Supervisory Board members are proactively setting the course for a new appointment to as well as a rejuvenation of the Zumtobel Group AG's Supervisory Board. The Supervisory Board is proposing the appointment of Dr Georg Pachta-Reyhofen, former Chairman of the Executive Board at the stock-listed mechanical-engineering group MAN SE. Additionally, the Supervisory Board is proposing the appointment of Dr Thorsten Staake from the University of Bamberg. The extraordinary General Meeting for the election of the new members of the Supervisory Board is expected to take place at the End of March 2020.
Zumtobel: weekly performance: -2.78%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (13/02/2020)

Christian Drastil: Wiener Börse Plausch

Wiener Börse Party #645: ATX TR ärgert sich über fehlenden Applaus, ATX NTR noch nicht soweit, Porr & Strabag together

Bildnachweis

1. Andritz - Spezialpapiermaschine PM3 zur Produktion von gebleichten Kraftpapieren; Credit: Andritz

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