Palfinger eyes up Chinese takeovers over soaring profit

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Business

Crane manufacturer Palfinger AG has said it plans to get busier in Russia and China as its turnover and profit increased in the first half of this year. The Salzburg-based company announced today (Weds) its turnover shot up by 39.3 per cent from the first six months of 2010 to the same period of 2011 […]

Palfinger supervisory board changes ahead

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Business

The supervisory board of crane producer Palfinger AG is going to hand control over to the next generation as two members will be replaced my much younger counterparts.The firm, which has its headquarters in Salzburg, said today (Weds) that Hannes Palfinger, 37, and Stiegl brewery boss Heinrich Dieter Kiener, 54, will join the panel next […]

Palfinger grabs major NDM share

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Business

Salzburg crane and hydraulic systems producer Palfinger has taken a major stake in Dutch company Ned-Deck Marine B.V. (NDM), it has emerged.Palfinger chief Herbert Ortner said today (Fri) he was convinced the acquisition of 75 per cent of NDM’s shares will improve his firm’s service capacities.”NDM’s turnover remained stable year on year in 2009 despite […]