By taking in a minority investor, the family-run company wants to push ahead with growth on the Asian market and strengthen its network of locations with greater depth of value added on its home markets in the medium-term, the company stated in a press release.
Alba
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In the third quarter of 2014 the company achieved higher earnings despite of lower revenues compared to last year.
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The Services segment is to be based on four newly defined columns, where all business activities will be brought together.
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While the company’s earnings in the steel and metals recycling segment increased noticeable despite the fall in sales revenues, the sustained loss provisions in the dual system had a negative impact on earnings in the services segment.
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With effect from 30 April 2014, Joachim Wagner (47) is stepping down from the top management level of the Alba Group and its subsidiary, Alba SE for personal reasons.
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