Austria and Asian-Pacific countries - Read the latest headlines about bilateral relations in the areas of economy, business, diplomacy, culture and tourism
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Asian Expats in Austria | Asians in Vienna | Bilateral Relations

Andritz Acquires NSC Nonwoven, France and China

Austrian technology Group Andritz has signed a contract to acquire NSC Group’s nonwoven division encompassing its affiliates Asselin-Thibeau (Elbeuf, France) and NSC Wuxi (Wuxi, China).

September 21, 2011

Intercell Successfully Completes Vaccine Study in India

The Austrian biotech company achieved an important step in the licensure process of a vaccine for children.

September 16, 2011

East Coast Minerals Reaches Milestone in Lithium Project

Exploration and mining licenses for the lithium deposit in Carinthia have been transferred to the Australian company.

September 14, 2011

ZKW Expands Rapidly

The Austrian component supplier raises its production significantly. A new factory site in China has been opened.

September 5, 2011

ADX: Sidi Dhaher Well Spudded

The Austro-Australian oil and gas exploration and appraisal company started drilling operations for the Tunisian exploration well.

August 29, 2011

ADX Buys Back 20% Interest in Lambouka

The Austro-Australian oil and gas exploration and appraisal company increases its interest in the Tunisian prospect area to 50%.

August 17, 2011

Lenzing Nanjing Starts Up New Fiber Production Line

With the opening of the new line, the Austrian fiber manufacturer almost doubled its production capacity in China to 140,000 tons per year.

August 16, 2011

Zhengzhou Acquires Plant in Upper Austria

The Chinese state-owned company takes over a textile machine factory in Linz from Swiss Oerlikon.

August 9, 2011

KTM Achieves Strong Growth

The Austrian motorcycle manufacturer reported a positive development in the first half of 2011. Turnover increased by 24%; EBIT went up 18%.

July 28, 2011

Indian Motherson Sumi to Acquire Peguform from Cross Industries

The Austrian industrial holding company found a buyer for the automotive component supplier which had been separated from the Polytec Group in 2009.

July 13, 2011

austriamicrosystems Collaborates with Japanese F-Brain

The Austrian microelectronics and semiconductor manufacturer entered into a collaboration with F-Brain to serve Foundry customers on backend test solutions in Japan.

July 12, 2011

Plansee Group Achieved Sales Record

The Austrian provider of metallurgically manufactured products increased revenue by 46%. A new factory near Shanghai is scheduled to start operation in 2012.

July 7, 2011

Patent Protection to Become Cheaper

In Europe patent protection is currently ten times more expensive than in the US or Japan. Austria will participate in an EU-wide cooperation which will reduce the cost significantly.

June 20, 2011

Shopping Tourism: Asian Visitors Spending Heavily

Russia remains the top shopping nation while Asian tourists' spending is increasing significantly.

June 14, 2011

ADX Energy to Start Oil Drilling in Tunisia

The Tunisian army will guard the drilling project of the Austro-Australian oil and gas exploration and appraisal company at the Sidi Dhaher well.

June 10, 2011

Renaissance for Carinthian Lithium

A currently closed lithium mine in Carinthia will be reopened by an Australian company after its acquisition for a price of € 9.25m. It is the largest deposit in Europe.

May 30, 2011

FACC: New Production Plant in China

The Austrian aircraft component manufacturer is planning the construction of a new site and considering going public soon.

May 23, 2011

Sharp Drop in Exports to Japan is Expected

Exports are expected to return to a normal level only by 2012. Renewable energy technologies could be particularly important.

May 3, 2011

Every second Company Concerned by Crisis in Libya and Japan

According to a survey in Upper Austria, 46% of the companies are concerned by the rise in commodity and energy prices or by supply bottlenecks in the electronic industry.

April 23, 2011

OMV Announces Major Gas Discovery in Australia

OMV has discovered gas on the North West Shelf of Australia in the Zola-1 exploration well. This represents one of the largest gas discoveries by the company.

April 14, 2011

FACC Expands Austrian Establishment

The Chinese aircraft component group accelerates the pooling of development activities at the Upper Austrian establishment.

April 5, 2011

Strong Year 2010/11 for Keba

The automation company has seen strong revenue growth in the previous year. The growth outlook is positive thanks to new markets.

April 2, 2011

Mitterlehner Intends to Expand Economic Relations with Malaysia

A work meeting was held in Vienna with the Malaysian counterpart. New export opportunities exist primarily through eco-innovation.

March 30, 2011

Bene Intensifies Activities in Asia and Australia

The Austrian office furniture manufacturer expands foreign operations. International sales are now conducted by Søren Trampedach.

March 30, 2011

AT&S Expands in China

The Austrian electronics company plans to build a € 500m factory in China.

March 24, 2011 · Updated: March 24, 2011; 01:46

Disaster in Japan Stops Exports

Current events in Japan have an impact on foreign trade. About 70 Austrian companies are affected.

March 18, 2011

Lannacher has Delivery Problems with Iodine Tablets

The Austrian pharmaceutical company manufactures the only potassium iodide tablets in the German-speaking area. Demand strongly exceeds production capacity.

March 18, 2011

Lenzing: Demand is Greater than Capacity

The Upper Austrian pulp producer finds it difficult to cope with the growing demand. Further works are planned.

March 15, 2011

Nufarm Expands its Site in Upper Austria

The Australian manufacturer of pesticides is expanding production capacity at Linz.

March 12, 2011

WKÖ Leads Austrian Education Exporters to China

WKÖ Secretary-General Hochhauser: Hong Kong continues being the gateway to China; Austrian exports rose to over € 500m.

March 12, 2011

FACC is Considering Going Public in Asia

The Austrian aircraft component manufacturer could soon be listed on the stock exchange in China.

March 11, 2011

AWO Presents Business Opportunities for Austrian Companies in China

Big opportunities in consumer goods & lifestyle, plastics and automotive industries were informed in Vienna, Linz and Graz by Außenwirtschaft Österreich (AWO, Foreign Trade Austria).

March 11, 2011

Major Order from China for Emco

The A-Tec's subsidiary Emco has receaved an order from China for € 7m.

March 8, 2011

Philip Morris is Market Leader in Austria

The American tobacco company Philip Morris increased its market share, overtaking the Japanese Austria Tabak group for good.

February 26, 2011

Austrian Economic Chamber pursues contacts in New Zealand

A business delegation led by WKÖ President Leitl visits New Zealand and Australia to strenghten economic relations.

February 22, 2011

Kapsch: In-sourcing from China to Austria

The Viennese Kapsch CarrierCom brings the production of GSM systems from China back to Austria.

February 19, 2011

AE&E Quota only 5%

The largest division of the insolvent Austrian technology group A-Tec is likely to offer only very little to its creditors.

February 17, 2011

Red Bull Intends to Double Sales

The Austrian energy drink producer plans a period of strong growth for the next eight years.

February 15, 2011

Magna Pushes its Presence in Emerging Markets

The Austrian-Canadian automotive supplier intends to expand its international presence in the BRIC countries.

February 12, 2011

Australian Mining Company Seeks to Extract Lithium

Europe's largest lithium reserves are considered to be in the Austrian Alps. There is already interest for its extraction in Australia.

February 12, 2011

A-Tec: Bad News from China

Because of a joint venture gone insolvent in China in 2008, there are unpaid claims for about € 15m against the Austrian A-Tec.

February 8, 2011

Four Major Orders for Andritz

The Austrian Andritz Hydro receives international orders to equip four hydropower plants. The contract value is € 80m.

February 4, 2011

Consumption Expenditure of Foreign Tourists Grows

Russian and Chinese tourists are proving to be particularly generous consumers in Austria. Overall sales rose by 23% in 2010.

February 3, 2011

Superfund Seeking for Investors in Japan

The Austrian investment fund intends to raise new funds via Japanese institutional investors. The volume is said to account for $ 100m

February 3, 2011

Agrana Closes Chinese Joint Venture

The Austrian Agrana and the Chinese YNA divide their joint ventures for apple juice concentrate in China.

February 2, 2011

Miba Enters into a Joint Venture in India

The Austrian Miba Sinter Group expands its global network with a sintered components manufacturing facility in India.

February 2, 2011

Engel Expands in China

Engel, the Upper Austrian machine builder, benefits from the economy and intends to triple the capacity of the Shanghai location.

February 1, 2011

Austrian Companies on Roadshow to Tokyo

Erste Group, RBI, VIG and Immofinanz are participating at the roadshow in Japan.

January 28, 2011

WKÖ Celebrates 40 years of Diplomatic Relations between Austria and China

The Austrian Economic Chamber stresses the relevance of China for Austria's foreign trade in the context of the anniversary.

January 27, 2011

Record Results for Red Bull

The Austrian producer of energy drinks reached its best results ever in 2010 thanks to the markets in Turkey, Japan and Brazil.

January 22, 2011