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VA Technologie AG

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

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
• 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.
end of announcement        euro adhoc 09.06.2004

Further inquiry note:

Bettina Pepek
Press Officer

phone: 43 1 89100-3400
fax: 43 1 89100-4103
bettina.pepek@vatech.at

Branche: Technology
ISIN: AT0000937453
WKN: 093745
Index: ATX, ATX Prime, WBI
Börsen: Wiener Börse AG / official dealing
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade

Plus de actualités: VA Technologie AG
Plus de actualités: VA Technologie AG