The Wieland Group establishes a JV for the marketing of brass nets and more for aquaculture
For the development and marketing of brass nets and cages, Wieland-Werke AG has formed the “BlueSea Technology AS” joint venture with Lerow AS in Norway. The partner has the respective know-how as well as longstanding experience in the field of aquaculture. Daniel Steitz, Wieland-Werke AG (60% JV), is the CEO, and Svein Jarle Midtøy, Lerow AS (40% JV), the COO of BlueSea Technology AS.
Wieland Group: Acquisition of Wolverine Technical Tube Business
Effective 28 April 2017, the Wieland Group, Ulm, Germany, (“Wieland”) has acquired all assets owned by Wolverine Tube Inc., Decatur, AL, USA (“Wolverine”) related to the business of manufacturing and selling integrally finned and enhanced surface tubes from copper, copper alloys and steel alloys.
Fiscal year 2015/16: net income significantly above the previous year
Current fiscal year: moderate growth expected
In the fiscal year 2015/16 (1 October 2015 to 30 September 2016), the sales quantity of the Wieland Group rose by almost 5 per cent over the prior year to 464,000 tonnes. Sales fell by 8.5 per cent to 2,547 million euros (previous year: 2,784 million euros) as a consequence of lower metal prices. Net income for the year was 64 million euros (previous year: 48 million euros).
Wieland-Werke AG: Change in the Chairmanship of the Executive Board
With effect from 1 April 2017, the Supervisory Board of Wieland-Werke AG has appointed Dr. Erwin Mayr as Chairman of the Executive Board of Wieland-Werke AG. He succeeds Harald Kroener who will retire effective 31 March 2017. Dr. Mayr has been a member of the Executive Board of Wieland-Werke AG since 1 January 2017.