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Vienna International Construction Industry News

Austrian Production Rising Substantially

Opposing production trends in industry and construction in November 2010; turnover +14.5%. Strong increase of production in metal industry.

March 2, 2011

Output of Austrian Construction Industry Falls

Output of construction of buildings and civil engineering decreasing by 4.1% from January to November 2010

March 2, 2011

Alpine Builds in Norway

Bridge for 108 million Norwegian kroner (€ 14m) leads the way for further expansion of the Austrian building company into Northern Europe.

March 1, 2011

Major order for Siemens Austria

The Austrian subsidiary of the German electronics group receives a new order from Poland for the construction of underground train sets.

February 26, 2011

Libya: Withdrawal of Austrian Companies

Most Austrian companies are getting their employees out as the result of violent riots in Libya.

February 22, 2011

Sales Declining at Strabag

The Austrian construction company recorded an output volume at € 12.8bn in 2010. Order backlog up 6%

February 22, 2011

Record Sales for Würth Austria

The German supplier group recorded strong revenue growth. However, the operating result fell short of expectations

February 22, 2011

Knill Group Builds Factory in Russia for € 50m

The Austrian construction group records an order over € 50m for the establishment of the first optical fiber plant in Russia.

February 20, 2011

Baumit Group: Steady Sales

The sales situation of the Austrian construction group shows hardly any changes: sales for € 790m were recorded in 2010.

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

Porr Enters Alliance in Slovenia

The Austrian construction company establishes a joint venture with SCT, the dominant construction company in Slovenia.

February 17, 2011

Construction Costs Further on the Rise

The Austrian construction cost index with new base year 2010 increases by 3.7% in January 2011.

February 16, 2011

Andritz Expands into Brazil and Uruguay

The Austrian technology group to supply major equipment for Belo Monte hydropower plant. Furthermore, Andritz is in negotiations with Montes del Plata.

February 15, 2011

Kovats Stays On as CEO of A-Tec

The restructuring plan for the insolvent A-Tec has been approved by the shareholders. Due to the lack of an alternative, Kovats stays.

February 12, 2011

Andritz: Order for Belo Monte is Firm

The French consortium Alstom, together with the German Voith and the Austrian Andritz, jointly supply the Brazilian Hydroelectric Project.

February 11, 2011

Austrian Constructing Price Index Rising

Construction output price index for building construction and civil engineering increased by 3.9%.

February 11, 2011

Potential for Austrian Construction Industry in Poland

Market experts predict a sharp increase in construction activity: a market growth of up to 12% is expected for the next two years.

February 10, 2011

Strabag: Poland as a Replacement for Russia?

Sales of the Austrian construction company in Russia are slow in coming. Instead, other growth regions could be pushed.

February 9, 2011

Spanish FCC reaches for Alpine

The Spanish construction group FCC already has a share of 80% of the Austrian Alpine. The remaining 20% is to be also purchased now.

February 4, 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

Siemens Austria Receives an Order for Poland

The Austrian subsidiary of the German technology group will supply 35 trains worth € 272m of the new Metro-generation "Inspiro" to Poland.

February 3, 2011

Strabag SE Awarded two Road Construction Contracts in Romania

The Austrian construction company rehabilitates and upgrades national roads DN14 and DN15A. Combined value of both contracts around € 106m.

February 2, 2011

Rieder Wins Major Contract in Saudi Arabia

The Austrian Company Rieder will supply roofing and facade elements for the world's largest energy research centre in Saudi Arabia

February 2, 2011

Decreasing Output and Order Intake in Austrian Construction Industry

Output of construction of buildings and civil engineering decreasing by 4.1% from January to October 2010.

February 1, 2011

Strabag: Russia as Growth Driver

For Hans Peter Haselsteiner, CEO of Austria's largest construction group, Poland and Russia offer the best prospects for expansion

January 28, 2011

Andritz: Order in Portugal

The Austrian industrial plant manufacturer based in Graz reports an order for € 40m from the Portuguese power company EDP.

January 26, 2011

Andritz Receives Major order from Brazil

The Austrian technology group supplies equipment for a pulp mill in Eldorado, Brazil.

January 22, 2011

Doppelmayr Awarded Major Contract in Sochi

The Austrian Doppelmayr Group has been awarded the contract for a 3S installation (tri-cable ropeway) in the Russian Olympic location of Sochi.

January 20, 2011

Strabag: Layoff Wave in the Czech Republic

Because of the weak order situation, the Austrian construction group dismisses up to 380 employees at the Czech location.

January 20, 2011

A-Tec Sells AE&E India

The insolvent Austrian group belonging to Mirko Kovats is being gradually separated from its stakes. AE&E India goes to the Korean Doosan.

January 19, 2011

Major Order for Andritz from Malaysia

The Austrian technology company Andritz receives a major order for new stainless steel plant in Malaysia.

January 19, 2011

Austrian Construction Costs up by 3.2% in 2010

Construction cost index 2010: increase of all three construction branches in annual comparison.

January 18, 2011

Alpine Wins Contract in London

The Austrian Alpine Group wins a contract for two Central London station tunnels on the Crossrail project. The contract value is £ 235m (€ 279m)

January 16, 2011

Slow upward trend in Austria's trade and handicrafts

For 2010, KMU-Forschung Austria expects slight sales increases. Support for research projects will be supported in future.

January 13, 2011

Sales Drops in Austrian Construction Industry

The construction output value in building construction and engineering decreased by 3.5% from January to September 2010. The order situation is also deteriorating.

December 31, 2010

Austria's Material Goods Production Increases Massively

The production trend in the manufacturing and construction industry shows a positive effect in September 2010. Sales increased by 10.3%.

December 31, 2010

Creditors Wish Kovat´s Retreat

The creditors of the insolvent Austrian technology Group A-Tec prefer Mirko Kovats to retreat from his position as CEO.

December 30, 2010

A-Tec: Significant Increase of Quota is Probable

According to what is being heard about the negotiations of the creditors, it is clear that the quota should be increased. The vote on the restructuring plan takes place on Wednesday.

December 28, 2010

Critical Phase for A-Tec

Next Wednesday the insolvent company’s restructuring plan will be submitted. Afterwards, there will remain two weeks remain for the adoption of the concept.

December 28, 2010

Porr: Turkish stake might increase

The Turkish Renaissance Group currently holds a 10% stake in Austria's third-largest construction group. This share could be increased significantly.

December 23, 2010

Success For Siemens Austria in Norway

The Austrian Subsidiary of the German technology group received orders of 32 ecological threepart subway-trains for the Norwegian capital Oslo.

December 22, 2010

A-Tec Has to Divest Itself of Holdings

In the course of restructuring, several holdings of the insolvent conglomerate are sold in order to achieve an appropriate quota.

December 20, 2010

Porr takes over TEERAG-ASDAG and starts reorganization

The Porr Group presents a new corporate structure. Focus is put on domestic civil engineering and road construction with TEERAG-ASDAG.

December 20, 2010

A-Tec Quota Too Low for Creditors

The group has not defined an overall quota yet. What is certain, however, is that the current offer will be too low for the creditors.

December 17, 2010

Statistik Austria: Construction Costs Continue to Rise

Costs increase for residential and housing development construction; the index of bridge and road construction has declined however.

December 15, 2010

New Logistics Center for Gebrüder Weiss in Romania

The logistics company Gebrüder Weiss has entrusted the construction of a logistics center in Sibiu to the Unger Steel Group as general contractor again.

December 14, 2010

Doubts Over Kovats’s Restructuring Plan

The value of AE&E Group is dubious. Kovats could have problems with the quota.

December 10, 2010

Strabag: Haselsteiner Confirmed as CEO

Hans Peter Haselsteiner has been reappointed, Siegfried Wanker acts as new technical board member in Special Divisions & Concessions segment.

December 9, 2010

Andritz: Major Order from Taiwan

Andritz receives major order for annealing and pickling line for stainless steel strip in Taiwan.

December 9, 2010

Strabag Hopes for Projects in Russia

Russia will hold the 2018 World Cup, expected to be the most expensive of all times. Numerous construction projects will be awarded.

December 8, 2010