Read the latest headlines about developments in the international construction industry in Vienna and Austria
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Vienna International Construction Industry News

A-Tec Creditors: Minimum Rate Too Low

While an early agreement with the banks seems imminent, the legal minimum quota offered to the creditors of the insolvent A-Tec group is not enough. Staff’s resentment is also being felt.

October 22, 2010

Wienerberger: Slow Upwards Trend Again

The process is still slow, but the Group is able to participate immediately in the recovery with its existing capacity.

October 21, 2010

A-Tec Offers a 30% Quota

CEO Kovats is trying to rehabilitate his insolvent company with the help of creditors.

October 21, 2010

The Next Acquisition: STRABAG Buys Gaul-Group

The German Gaul-group, a regional market leader for construction materials, has been bought by STRABAG for strategic reasons.

October 20, 2010

Bond Refinancing Collapsed: A-Tec Starts Insolvency Proceedings

After several problems with the refinancing of its corporate bond, A-Tec decides to start a restructuring.

October 20, 2010

A-Tec Wins Major Contract for Project in England

A project in Australia is currently bringing A-Tec financial problems. A new project, however, offers prospects of success.

October 19, 2010

A-Tec CEO Kovats: Refunding After 2nd November Possible

“There will be a solution.” Discussions with investors continue.

October 18, 2010

Strabag Expands its Competence in Bridge Building – New Order in Poland

Strabag SE, a large construction company in Central and Eastern Europe, signed an agreement to build a new bridge complex in Toruń, Poland.

October 18, 2010

Strabag renews € 2 billion syndicated surety loan

Strabag SE has concluded the renewal of a syndicated surety loan (SynLoan) with a consortium of 17 international banks led by Deutsche Bank and Raiffeisen Bank International (RBI).

October 13, 2010

Coface CEE Top 500 - Poland Largest Number of Companies in CEE

Poland has the largest number of companies in the Central and Eastern Europe Top 500 with 28.4%. Hungary ranks second with 16.6%, overtaking the Czech Republic, which is home for 13.8% of the CEE Top 500.

October 12, 2010

Zumtobel Closes Loss-Making Plant Space Cannon in Italy

Zumtobel, the shareholder of the company Space Cannon VH SRL, based in Fubine (Piedmont), a specialist in façade and event lighting and a member of the Zumtobel Group, has filed for liquidation.

October 7, 2010

Zumtobel Opened Light Center in Shanghai

More than 120 architects, designers and business partners enjoyed the Zumtobel opening gala for the new Light Center in Shanghai.

October 7, 2010

Hypo Alpe-Adria: 25% of the Slovenian Merkur DIY Chain Put Up for Sale

Hypo Alpe-Adria-Bank International has put up for sale a 25% share of Merkur, the insolvent Slovenian DIY and home improvement products chain, in the daily newspaper "Delo”

October 5, 2010

Alpine: New 140 Million Euro Motorway Contract in Poland

The construction company from Salzburg is to build an 18-kilometer motorway section for almost 140 million euro.

October 5, 2010

Skylink: Position on the Report of the Audit Court

The contents of the Rechnungshof (Audit Court, RH) report is said to be prejudicial; the Airport Board will submit its opinion today.

October 4, 2010

Vienna now has its own Expat Center

In Vienna, the first Expat Center in Austria was opened. The project was handled by the Vienna Business Agency (former WWFF).

September 30, 2010

Rehau invests EUR 2 million into office centre in Guntramsdorf

Polymer producer Rehau is to invest more than EUR 2 million into the modernisation of its Austrian office centre in Guntramsdorf, near Vienna.

September 30, 2010

Russian Machines: Siegfried Wolf Obtains a Stake and Receives Clear Voting Rights

Siegfried Wolf, one of the two former top executives of Magna International not only changes over (as reported) to Oleg Deripaska's “Basic Element” company, but will also have a stake in it.

September 29, 2010

Deripaska: Back to Austria as Strabag Shareholder?

In 2 weeks, on October 15, the deadline expires for Oleg Deripaska to re-purchase his 25% share of the domestic construction company Strabag for about half a billion euro.

September 29, 2010

Strabag acquires property und facility management service provider in the Czech Republic

The acquisition of 100% of ECM Facility a.s., Prague garantes the number 5 position in property & facility management in the the Czech Republic.

September 20, 2010

Austria's Management and Supervisory Boards’ Salaries on the Test Bench

The partly state-run OMV had the most expensive board of all Austrian corporations in 2009. In total, the oil company spent 10.2 million euro on its bosses, 23.4% more than the previous year.

September 20, 2010

A-Tec's Subsidiary AE & E: CFO Brandt Moves to Sulzer

AE & E’s CFO, Juergen Brandt, will be CFO of the Swiss industrial group Sulzer. Jürgen Boggild moves to the Board.

September 20, 2010

Asfinag Bond: The Motorway Operator Picked Up 1.3 Billion Euro

The local motorway operator Asfinag picked up 1.3 billion euro on the capital market.

September 14, 2010

XXXLutz takes over Slovenia's largest furniture retailer

The furniture store XXXLutz recently took over Slovenia’s largest furniture retailer Lesnina.

September 10, 2010

Bauhaus arrives in Bulgaria via Vienna

The German do-it-yourself group Bauhaus, which controls all its CEE business from Austria, has ambitious plans for Bulgaria.

September 10, 2010

CA Immo International completes first phase of DIY store OBI in Romania

Construction phase one of the retail development project in Sibiu has been concluded - DIY store OBI opens with 9,700 sqm of usable space.

September 2, 2010

Strabag cutting down losses

The construction company increased its backlog by ten percent, the number of employees fell by six per cent, the net loss was cut in half.

August 31, 2010

Strabag sells joint venture share to Sberbank

Strabag sold its 49 percent share of the housing-development joint venture to the Russian Sberbank.

August 23, 2010

Schoeller-Bleckmann Oilfield Equipment AG publishes half-year results

SBO, listed on the ATX market of the Vienna Stock Exchange, was able to take advantage of the increasingly rebounding market environment in the oilfield service industry in the first half of 2010.

August 18, 2010

Airports International - third capital repayment

This third capital repayment follows the initial capital repayment amounting to €2.25 per certificate at the beginning of June 2009, and the second capital repayment amounting to €0.70 per certificate at the end of October 2009.

August 18, 2010

Wienerberger approaching “black zero”

In the first half of 2010, the building materials group registered a loss of €39.4m. One year ago it was about €200m. Forecasts however remain cautious.

August 17, 2010

RHI AG to be the sole shareholder of Didier Werke AG.

The legal proceedings against a resolution adopted at the AGM of Didier-Werke were concluded today.

August 17, 2010

Strabag signs a deal in Abu Dhabi

The German subsidiary Züblin is the consortium manager for the construction of a new port Strabag scored a deal for the construction of the new port in Abu Dhabi, the company reports in a press release. Via the German subsidiary Züblin as lead manager

July 21, 2010

A-Tec Industries announces changes on Management Board

Christian Schrötter, CFO, today informed the company´s Supervisory Board of his decision not to extend his contract.

July 21, 2010

Andritz receives major order for new stainless steel works from China

International technology Group ANDRITZ has received an order from Fujian Fuxin Special Steel Co. Ltd. to supply major components and systems for a new stainless steel plant in Fujian Province, China.

July 20, 2010

Karl-Heinz Strauss new boss of Porr

The Carinthian project developer and CEO of numerous private foundations and major shareholder of Porr Karl-Heinz Strauss is the new boss of the construction company.

July 15, 2010

Austria's largest construction companies by revenue

Strabag SE in 2009 remained by far the largest construction company in Austria.

July 13, 2010

Andritz Hydro to supply propeller turbines for Lower Mattagami hydropower project, Canada

International technology Group Andritz has been awarded a contract by Kiewit-Alarie a Partnership to supply three propeller turbines and generators for the Lower Mattagami River Project being developed by Ontario Power Generation in Ontario, Canada.

July 13, 2010

Duel for lead of construction group

At the Board meeting next Thursday the new head of the construction at “Porr” could be decided.

July 12, 2010

Strabag loses job over €3b ($3,7b) in Bosnia

Strabag will terminate its order for a highway bypass in Bosnia. The project was not advertised, which is why the EBRD did not participate in the financing. The Austrian construction group Strabag is negotiating the resolution of a €3b motorway contra

July 5, 2010

Antitrust accusations against Polish subsidiary

The Polish Strabag subsidiary is under investigation for cartel collusion in public tenders.

July 2, 2010

Wienerberger with dampened expectations

Wienerberger AG expects a relatively good spring quarter, but is running after lost revenue of the first month.

June 30, 2010

A-Tec wants private bonds.

Denomination of €1000 - termination, at violation of certain ratios The A-Tec intends to target private investors with their planned five-year bond (subscription period from June 1 to July 5). The nominal value amounts to €1000 ($1223). The expiring A-

June 30, 2010

A-Tec Industries AG to float corporate bond

A-TEC Industries AG is currently in preparations to issue a corporate bond.

June 28, 2010

Strabag keeps Implenia in suspense

Implenia, the largest Swiss construction company, always on the seeker-list from Strabag boss Hans-Peter Haselsteiner, is suddenly announcing intentions to sell.

June 25, 2010

STRABAG wins new large orders worth € 156 million in Romania and Abu Dhabi

STRABAG, Central and Eastern Europe’s largest construction company, has won two new large orders in Romania and Abu Dhabi.

June 2, 2010

Strabag to team up with Lafarage

Strabag boss Hans Peter Haselsteiner said today his company wanted to protect itself from volatile cement market prices as the firm is set to cooperate with the cement production’s world market leader.

May 26, 2010

Lafarge and Strabag to create a common company in cement in CEE

Lafarge, the world leader in building materials, and STRABAG, Central and Eastern Europe´s largest construction company, are combining their cement activities in several countries of Central Europe.

May 25, 2010

Andritz receives further major orders from stainless steel producers in China

International technology Group Andritz has received orders with a total value of about 50 MEUR from two stainless steel producers in China.

May 25, 2010

Alfred Gusenbauer will be Strabag's chief of supervisory board

The former SPÖ Chancellor succeeds Waldemar Jud as head of the supervisory board of Strabag.

May 18, 2010