Foundry Daily News


targets 5-8 pct growth in mid-term

Boehler-Uddeholm aims to grow its business at a rate of between 5 pct and 8 pct over the coming years, and is targeting acquisitions in Asia, said CEO Claus Raidl.

The Austrian steel company 'is targeting acquistions in all four business divisions,' Raidl was quoted as telling Austrian news agency APA.

Raidl said India is a particular target area, though added that the company is not currently involved in any takeover talks.

 Boehler-Uddeholm yesterday posted better-than-expected full year earnings, with EBIT growing 20 pct to a 376 mln as sales rose 19 pct to 3.09 bln eur, but issued a muted outlook for 2007.

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