According to the Bloomberg News Agency, a sale of the Austrcel Company, located in Hallein, is in the room. The owner could allegedly earn 500 million euros. A new product is currently causing a lot of interest.
The Austreck Company in Hallein can be confronted with the sale. According to the Bloomberg financial news agency on Monday, the manufacturer of Pulp and Bio -ethanol could be sold with a maximum of 500 million euros, according to its own calculations. The company has been owned by the New York Private Equity Group Towerbrook Capital Partners since 2017. A new product for agriculture apparently offers interest.
Production of an organic gel
Austria recently started the industrial production of a biological gel, which is intended to reduce the irrigation needs in the area by around 20 percent and to increase the profit by fifth. The grains, a patented innovation of the lower Austrian start-up agrobiogel, can cause a surcharge in times of drought caused by climate change. The bioel binds water and then releases the moisture step by step. In contrast to synthetic variants – which must be removed from traffic by 2028 – it does not contain microplasty and dissolves it with humus.
As Austrcel Managing Director Wolfram Kalt told the news agency, the production of the gel-1,000 tons could quickly rise to 10,000 tons this year. Moreover, the Hallein Company was recently the world’s largest producer of wood -based bio -ethhanol with around 30 million liters per year. According to Bloomberg, Austrcel generated around 180 million turnover last year – an increase of 15 percent compared to 2023.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
