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Vienna International Construction Industry News

Hungarian Construction Industry Performs Well

In September 2012, construction increased by 6.8% in output year-on-year. The construction of buildings rose by 4.2% and that of civil engineering works grew by 9.4%.

November 20, 2012

Alpine: Funding is Secured

The financially stricken construction company has reached an agreement with its creditors.

November 10, 2012

Strabag: Major Order in Chile

Strabag awarded large-scale contract for Alto Maipo Hydropower Plant in Chile. Contract value of USD 490m. Design and construction time of four and a half years.

November 9, 2012

Czech Construction Industry Affected by Recession

In September 2012 the construction output decreased by 10.6%, year-on-year (y-o-y), in real terms.

November 6, 2012

Hungary: Decrease in Home Construction

In the first nine months of 2012, 6509 new dwellings were built, 20 percent fewer than a year ago.

November 5, 2012

Positive Signs in Construction Industry

Output of construction of buildings and civil engineering increased by 6.6% from January until July 2012. Turnover was up by 7.0%.

October 30, 2012

FCC Considers Downsizing Alpine

The financially stricken Austrian construction company may sell several business units. A sale of Alpine seems unlikely.

October 20, 2012

Porr´s Construction Output Shrinks

The third-largest Austrian construction group records an increase in orders. Porr´s CEO Karl-Heinz Strauss is satisfied.

October 18, 2012

Alpine: CEO Dotter Resigns

The management of the financially stricken Austrian construction group reshuffles. The holding company FCC decided to change the management.

October 17, 2012 · Updated: October 17, 2012; 19:15

Alpine Confirms „Substantial Losses“

The Austrian construction company is in severe difficulties. The management demonstrates optimism.

October 15, 2012

Hungarian Construction Industry Shrinks

In August 2012, construction decreased by 5.3% in output year-on-year. The construction of buildings decreased by one tenth, while that of civil engineering works grew slightly.

October 15, 2012

Slovakia: Employment and Nominal Wages Growing

The highest wage increase was observed in the manufacturing and automotive industries. Employment was down in the construction sector and grew in the service sector.

October 12, 2012

Alpine Needs Help from Banks

The Austrian construction company faces liquidity constraints. Talks with banks were started already.

October 11, 2012

Good Outlook for Austrian Construction Industry

Positive production trends in industry and construction in June 2012; turnover +7.9%. Output was up by 4.8% in the first six months of 2012. Orders grew substantially.

September 28, 2012

Strabag: Major Order in Slovenia

The Austrian construction company will build Europe’s most modern waste treatment plant in Ljubljana. The contract value amounts to € 112m.

September 27, 2012

Slight Decrease in Industrial Production in Hungary

In July, the industrial production was down by 0.3% compared to July 2011. In Austria, industrial production was up by 2.0%.

September 24, 2012

Slovenian Construction Industry Reaches New Low

Since 2008, Slovenia´s construction output decreased by 66%. This year, the construction industry will shrink again.

September 13, 2012

Slovakia: Declining Construction Production in July 2012

In July, the Slovakian construction output decreased, year-on-year, by 11,2 % to € 459,9m.

September 11, 2012

Alpine Completes First Singapore Subway Tunnel

The Austrian construction company is building six subway tunnels and three subway stations for the Singapore Downtown Line.

September 10, 2012

Strabag´s Free Float at 14%

Due to share-buy backs, the free float of the Austrian construction company went down to 14%.

September 4, 2012

Strabag: Major Contract in Hamburg, Germany

STRABAG Real Estate and Otto Wulff awarded contract for Hamburg’s € 700m college project.

September 4, 2012

Porr Reduces Losses

Revenues fell by 7.4%, the EBT figure is still negative. The Austrian construction group sees a clear commitment to its home markets.

September 1, 2012

Remarkable Loss at Strabag

In the first six months of 2012, Strabag´s output volume slightly (-2 %) lower than in the six-month comparison period. Non-operating effects push six-month EBITDA down from € 197.18m to € 16.14m. Net income reached € -157m.

August 31, 2012

Austrian Construction Industry: Growing Output, Shrinking Order Volume

Increase in volume of orders by 22.5% in civil engineering and construction of buildings at the end of May 2012.

August 30, 2012

Strabag: CEO Haselsteiner Is Said to Consider Delisting

The Austrian construction group Strabag may withdraw from Vienna Stock Exchange. “We do not need the stock exchange now.” He says in an interview with “Wirtschaftsblatt”.

August 27, 2012

Austrian companies profiting from the Olympics

The London Olympics were responsible for prestigious and lucrative orders running into double-digit millions in the run-up to the games.

August 14, 2012

Porr Achieves Order in Qatar

The Austrian construction company was awarded for a subway construction project in Doha.

August 13, 2012

Austrian Construction Industry Slackens

This year, unemployment in the Austrian construction industry is relatively high. The order situation is everything but favorable.

August 7, 2012

Alpine Cuts Losses Substantially

New ALPINE 2015 program for margin optimization is showing initial results. Increase in EBIT, EBT and revenue from construction services. The losses in Southeastern Europe should be compensated by the focus on Alpine´s core markets.

August 2, 2012

Strabag to Expand into Italy

The Austrian construction group intends to enter the Italian construction company „Autostrade Pedemontana“.

July 31, 2012

Still Upward Trend in Austrian Construction Industry

Increase in volume of orders by 21.8% in civil engineering and construction of buildings at the end of April 2012. Output increased by 7.4% from January until April 2012.

July 30, 2012

Croatian Bridge Construction Project: Strabag Withdraws

The biggest Austrian construction group withdraws from the € 20m contract.

July 27, 2012

Strabag Announces Profit Warning

For the Austrian construction company, the EBIT of EUR 300m will not be achievable.

July 25, 2012

Growth in Austrian Construction Industry Slowed Again

Production growth to fall from 4.8 per cent in 2011 to a maximum annual average of 3 per cent in 2012, bringing output value to € 30bn. New residential construction with an increase of roughly 6 per cent for the year.

July 24, 2012

Botlek Lift Bridge: Major Order for Waagner-Biro

Waagner-Biro Bridge Systems AG has received de order for the drive system of "Botlek lift bridge" with a value of € 30m and has firmly established itself against well-known international competitors.

July 17, 2012

CEO Strauss Buys 38% of Porr´s Shares

Strauss-Group acquires equity stake of the B&C-Gruppe and of the UniCredit Bank Austria AG on the Austrian construction company.

July 16, 2012

New Supervisory Board at Alpine

Baldomero Falcones assumes the function of Chairman of the Supervisory Board at the Austrian construction company Alpine.

July 13, 2012

Agrana Posts Strong Results

The Austrian sugar and starch company announced its results for first quarter of 2012|13 (ended 31 May 2012): sound business performance is sustained in first three months.

July 12, 2012

Poland: Alpine Excluded from Tendering Procedure

After a dispute with Polish authorities, the Austrian construction company Alpine has been excluded from the tendering procedure of the national highway S8.

July 10, 2012

Major Order for Strabag in Chile

The Austrian construction company was awarded for a tunnelling contract at world’s largest copper mine in Chile.

July 10, 2012

Alpine Strengthens Domestic Market Austria

The second-biggest Austrian construction group changes ist management for the biggest market. The new corporate strategy should be implemented now.

July 6, 2012

Massive Austerity Cuts at Porr

The third-biggest Austrian construction company examines its cost structure. First effects should be visible still in 2012.

July 2, 2012

Alpine Establishes Joint Venture with German RGM

Alpine establishes the AFM - Austrian Facility Management joint venture with Germany's RGM.

June 23, 2012

Strabag SE Announces Changes to the Management Board

Fritz Oberlerchner to resign from the management board effective 30 June 2012 and to be appointed director of Strabag 2013ff task force. Thomas Birtel designated as CEO as of June 2014.

June 22, 2012

Third Major Contract in Romania for Alpine

The Romanian railway line between Vintu des Jos and Simeria to be rehabilitated for € 295m by the Austrian construction company.

June 21, 2012

Alpine: „Not Affected by Spanish Crisis“

The Austrian construction company, which is wholly-owned by Spanish FCC, does not worry about the tensioned situation in Spain.

June 13, 2012

Strabag: New Contract in Moldova

€ 35m contract for the rehabilitation of 48 km between Ghindesti and Drochia. Strabag is operating in Moldova since the beginning of 2012.

June 11, 2012

B&C Industrieholding to Sell Major Stake in Porr

The Bank Austria-owned B&C Industrieholding is said to sell ist 37% stake in the Austrian construction group. CEO Karl-Heinz Strauss may be a potential buyer.

June 5, 2012

Employment Benefits from High Growth Dynamics

The encouraging growth trends provided a very welcome boost to employment in the Austrian federal provinces. The construction industry stabilises.

June 5, 2012

Alpine: Major Contract in Norway

The Austrian construction company gained another contract in Norway. The contract value amounts to € 170m.

May 31, 2012
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