Sponsored Content
Asian Expats in Austria | Asians in Vienna | Bilateral Relations
Austria and Asian-Pacific countries - Read the latest headlines about bilateral relations in the areas of economy, business, diplomacy, culture and tourism
Kovats Blames Creditors and Penta
Mirko Kovats, CEO of the A-Tec group, makes the Czech investment group Penta and the banks responsible for the failed restructuring plan
October 4, 2011
Chinese Interest for ATB
After the collapse of the takeover of A-Tec, the subsidiary has to be sold separately. The Chinese Wolong group plans to acquire the Austrian automotive company.
October 1, 2011
TGW Aims for China and Brazil
The Austrian logistics company currently realizes its biggest orders in its history. Moreover, TGW intends to expand substantially.
October 1, 2011
Tiger Coatings Continues Expansion in China
The Upper Austrian producer of industrial coatings will open a new plant in western China. Group turnover will amount to € 175m in 2011.
September 30, 2011
Red Bull Intends to Enter China
The Austrian energy drink producer has concluded the technical test phase. The market entry into China is now within splitting distance.
September 27, 2011
World Tourism Day 2011: Guests from 50 Countries Visit Austria
According to statistics Austria, the diversification of the guest´s nationalities further increased. Culture-oriented travels become increasingly important.
September 26, 2011
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
Fast News Search
This category only
