Strabag: No Early Comeback in Libya

Industrials › Construction ♦ Published: June 10, 2011; 12:54 ♦ (Vindobona)

The Austrian construction company had to stop projects worth € 350m, which resulted in a decrease in business backlog by 3% to € 15.2bn.

Strabag: No Early Comeback in Libya / Picture: © Vindobona.org

Strabag is not planning to reopen its business in Lybia soon. “We expect not to be able to serve the Libyan market for a long time”, stated deputy CEO Fritz Oberlerchner at the shareholders’ meeting.

However, he explained that the construction company would be able to compensate for the losses in North Africa with a strong business development in other regions – e.g. in…

or Log In

Fast News Search
Related News
Strabag Raises Outlook for 2011 and 2012 after Solid Q1 (May 31, 2011)
Strabag: Significant Rise in Earnings Expected (April 27, 2011)
Every second Company Concerned by Crisis in Libya and Japan (April 23, 2011)
Austria's Construction Industry Expects Stagnation (March 8, 2011)
WKÖ: Development Plan for North Africa (February 28, 2011)
Libya: Withdrawal of Austrian Companies (February 22, 2011)
Read More
Strabag, Hans Peter Haselsteiner, Libya, North Africa, Construction Industry
Featured
See latest Vindobona Newsletter