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China in Austria | Chinese in Vienna | Bilateral Relations

Windtec: Espionage Scandal Does Not End

A former employee of the AMSC-owned Windtec alleges to be pursued by a secret service. The U.S. should have intervened at the Austrian justice.

March 21, 2012

Telekom Austria: Pecik Denies Sales Talks

The Austrian investor Ronny Pecik is said to have had sales talks with China Mobile. Pecik reaffirms to remain at Telekom Austria as “long-term investor”.

March 19, 2012

Japanese NTT to Enter Telekom?

Telekom Austria will get a new partner. Newest rumors say that NTT could buy Pecik´s stake. Norwegian Telenor is still interested.

March 16, 2012

Raiffeisen Places Chinese Bonds

The Austrian bank places 750 million yuan in first sale dim sum bonds.

March 16, 2012

Pecik Content to Hold Telekom Stake

The shareholder at Telekom Austria will not sell his stake in the near future. Norwegian Telenor is said to be interested in entering Telekom Austria.

March 15, 2012

Palfinger Puts Effort Into China Entry

The Austrian crane manufacturer announced its joint venture with the Chinese partner Sany at the Austrian Federal Competition Authority (BWB).

March 13, 2012

Imports Grow Stronger than Exports

January to December 2011: Austrian imports rose by 15%, exports increased by 12%.

March 9, 2012

Getzner Werkstoffe: on to South America Following Success in Asia

The Austrian company produces materials for vibration isolation and plans to expand into South America.

March 7, 2012

Doppelmayr Hopes for China

The Austrian cable railway producer faces a small and stagnating market in the U.S. South America and China are seen as growth markets.

March 6, 2012

RHI Exceeds Expectations

The Austrian producer of fire-proof ceramics could raise revenues by 15.5%. EBIT was up by 19.8%.

March 6, 2012

Isovoltaic Said to Start Stake Sale After Failed IPO

Isovoltaic AG, an Austrian solar developer, started the sale of a 45 percent stake as it seeks an alternative to last year’s failed initial public offering, according to a person with knowledge of the process.

March 5, 2012

Eder: „Environmental Policy Endangers Economy“

Voestalpine´s CEO criticizes environmental specifications made by EU and domestic politics. Eder sees the danger of a de-industrialization.

March 5, 2012

Palfinger: Joint Venture in China

The Austrian crane producer initiates a joint venture company with Chinese Sany Heavy Industries.

February 28, 2012

Polytec Aims For Expanding in Asia

Friedrich Huemer, CEO of the Austrian automotive supplier, wants to start investments in China and India.

February 27, 2012

Hutchinson-Orange Merger: T-Mobile Becomes Impatient

T-Mobile Austria, a subsidiary of Deutsche Telekom puts pressure on the Austrian Competition Authority. The merger must include a number of requirements.

February 25, 2012

Frauenthal Considers Short Time Work

The Austrian component supplier experiences the first signs of the economic crisis. As orders are going down by 10% to 15%, short time work becomes an issue again.

February 24, 2012

Siemens Austria Has Growth Targets

The Austrian subsidiary of the German Siemens Group builds a new factory at the Viennese sub-headquarters.

February 24, 2012

Bene Expands in Asia

The Austrian manufacturer of office furniture founded a joint venture together with the Singapur-based Ollo Group. Bene aims for entering new markets successfully.

February 24, 2012

Orange-Deal: Additional Contribution Threatens

France Télécom and Mid European Partners, the sellers of the Austrian mobile phone operator Orange, may need to pay an additional contribution.

February 22, 2012

Expansion of the Board of ATB

The Management Board of ATB Austria Antriebstechnik AG was enlarged: the British national Ian Lomax becomes Chief Operating Officer.

February 21, 2012

Market for Solar Power Shrinks

The Austrian renewable energy market showed a substantial slump in 2011. Subsidies were cut considerably.

February 20, 2012

Voestalpine Amends Expansion Plans

The Austrian steel producer intends to use its technologic leadership in the automotive component business for further expansion steps.

February 18, 2012

Major Order for voestalpine

The automotive division of the Austrian steel group received orders worth € 700m.

February 14, 2012

Bulgarian Vivacom: Telekom Austria Has Only Outside Chances

The second-largest Bulgarian telecommunication enterprise is for sale. Telekom Austria is still interested, in spite of dismal prospects.

February 14, 2012

A-Tec´s Quota to Reach 30%

In July, the insolvency quota of A-Tec will be paid to creditors. The quota will range from 30% to 35%.

February 10, 2012

Euro-Crisis: Austrian Managers are Optimistic

In spite of the current euro-crisis, most Austrian managers believe that the currency will remain. Moreover, a deepening of the cooperation between EU-member states is expected.

February 6, 2012

„3“ Wants to Retain „Aggressive Competition“

The Hong Kong-based Hutchinson Whampoa Group, which operates the telecommunication service supplier “3” in Austria, took over the competitor “Orange”. However, “3” keeps its “aggressive” style.

February 4, 2012

Palfinger to Enter China in 2012

The Austrian crane manufacturer plans to enter the Chinese market in the first half of 2012. China will become the biggest market for Palfinger, says CEO Ortner.

February 4, 2012

Hutchinson Takes Over Orange

The Austrian subsidiary of the Hong Kong-based telecommunication group takes over Orange Austria, a member of France Télécom.

February 3, 2012 · Updated: February 3, 2012; 13:23

Palfinger: Rise in Sales and Profits Expected

Tomorrow, the Austrian crane manufacturer Palfinger presents figures for the financial year 2011. Sales are estimated to grow by 30%, net results should reach € 40m.

February 2, 2012

RBI Structures Credit Facility for Chinese Company

Austrian Raiffeisen Bank International (RBI) finances delivery of the plant by Andritz-Group for Chinese Ganzhou.

February 1, 2012

voestalpine Concluded Largest Single Contract to Date

The Automotive Division of the voestalpine Group has concluded its largest single contract to date, with a leading European car manufacturer. The order volume amounts to around € 700m.

January 27, 2012

New Records for Viennese Tourism

In 2011, the Austrian capital registered 11.4 million guest nights, which is a new record.

January 24, 2012

Moderate Growth at Darbo

The Austrian jam producer Darbo could continue ist growth course in 2011. Sales were up by 2.5%.

January 23, 2012

TGW to Expand in China and Brazil

The Austrian storage logistics supplier gained a first contract from China after having established a distribution company. In Brazil, TGW agreed on a joint venture.

January 20, 2012

Binder Creates New Technology Company

Binder+Co AG has started the 2012 financial year with the foundation of a new subsidiary in the shape of Bublon GmbH. Binder+Co Group now consists of a total of four companies.

January 16, 2012

Hutchinson Acquired Orange

The Chinese telecommunication operator takes over Frenche Orange. The acquisition price totals € 1.0bn.

January 14, 2012

Zotter Sounds Chinese Market

The Austrian chocolatier Josef Zotter wants to offer his products to Chinese customers. A market entry is considered.

January 11, 2012

Agrana Sues Chinese Yantai North Andre Juice.

The Austrian sugar and starch company claims $ 9.8m from the Chinese Yantai North Andre Juice.

January 9, 2012

Pollmann China Doubles Production Area

The Austrian automotive supplier company expands its activities in China.

January 2, 2012

Emco With Growth Plans

The new owner of the former A-Tec subsidiary, now can begin to realize its expansion plans.

December 27, 2011

Growth Potential for Semperit

The Austrian synthetic product manufacturer already recognizes the weakening of the business cycle. However, investments will not be reduced. The BRIC countries are seen as future markets.

December 27, 2011

Siemens Austria Expands in China

Siemens Metals Techologies enlarges its production facilities in China. Investments of $ 80m are expected.

December 14, 2011

Wolong Holds 98.8% in ATB Austria

The Chinese Wolong Group has almost finished its complete takeover of the former A-Tec subsidiary ATB.

December 13, 2011

Orange-Sale to Chinese Hutchinson Uncertain

The sale of the Austrian subsidiary of France Télécom is not fixed yet. Negotiations already run for four months.

December 12, 2011

Only Small Increase in Exports in 2012

After a substantial growth in 2011, OECD expects only a slight rise in Austrian exports.

December 6, 2011

Strabag Wins New Orders for Environmental Technology Division

The Austrian construction group secured new business worldwide. The total volume is € 110m.

November 29, 2011

Share Repurchase at Palfinger

The Management Board of the Austrian crane manufacturer resolves to exercise its authorization to acquire own shares. The maximum contingent is € 10m.

November 26, 2011

Leitl Promotes Exports to BRICS-Countries

The President of the Austrian Chamber of Commerce, Christoph Leitl, wants the exporting industries to focus more on Brazil, Russia, India, China and South Africa.

November 22, 2011

Conference on European Economic Integration

“European Integration in a Global Economic Setting – CESEE, China and Russia“. Conference jointly organized by the Oesterreichische Nationalbank and Suomen Pankki – Finlands Bank.

November 18, 2011
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