Vienna International Industrial Goods Industry News
Read the latest headlines about developments in the international industrial goods industry in Vienna and Austria
Bajaj Holds 47.2% in KTM
At the end of April, the Indian motor vehicle producer enlarged its stake in the Austrian company from 41% to 47.2%.
May 2, 2012
Major Order at TGW by U.S. Gap Inc.
The U.S. specialty apparel retailer Gap Inc selects the Austrian TGW Systems to manage their residual carton handling operation.
May 2, 2012
HTI Records Mixed Results
The Austrian High Tech Industries AG could raise revenues by 7.2% to € 207m. Net results stood at € -2.2m.
April 30, 2012
Pankl Achieved Record Results
The Austrian automotive component supplier recorded excellent results: in the first quarter of 2012, revenues were up by 25% to € 36.5m. EPS rose by 34%.
April 30, 2012
Frauenthal Sells Division to Japanese Ibiden
The Austrian Frauenthal Group reached an agreement with Japanese Ibiden Group on the sale of its Industrial Honeycombs division.
April 26, 2012
AMAG Starts Investment Program
The Austrian aluminum company invests € 220m in the enlargement of the main site in Ranshofen, Upper Austria. RLB Upper Austria now holds a 16.5% stake.
April 26, 2012
Rising Revenues at Linz Textil
Despite a major fire at Linz Textil´s site last year, the textile company could raise revenues by 9.2%. Profits decreased slightly.
April 26, 2012
Dividend Increase at SBO
Schoeller-Bleckmann Oilfield Equipment AG: Annual General Meeting adopts resolution to increase dividend to € 1.20 per share. A share buyback programme has been renewed.
April 26, 2012
AMAG Sale Completed
The last tranche in the Austrian aluminum producer AMAG was sold by CP Group/One Equity Partners to the Austrian B&C Industrieholding AG.
April 25, 2012
Mayr-Melnhof: Dispute in the UK Escalates
After the British site of the Austrian packaging company was shut down in February, the British trade union Unite attacks Mayr-Melnhof sharply.
April 23, 2012
Gorenje Not to Move to Vienna
The Slovenian producer of household appliances was said to move to Vienna. CEO Franjo Bobinac declines the rumors.
April 20, 2012
RHI to Cut Costs
The Vienna-listed manufacturer of fire-proof products starts a cost-cutting program. CEO Struzl pushes for more efficiency.
April 20, 2012
Rosenbauer Reports Decline in Revenue and Profit
The Austrian producer of fire-fighting equipment announced its results for 2011. Revenues decreased by 9.0%, net profit fell by 20%. Orders went up substantially.
April 20, 2012
Lenzing Resolves to Increase Dividends Substantially
The Ordinary Shareholders´ Meeting of Lenzing AG resolved to distribute a dividend of € 2.50 per share for the 2011 fiscal year (compared to € 1.55 per share for the previous fiscal year).
April 19, 2012
Gorenje Considers Setting Up Headquarters in Vienna
The Slovenian producer of household appliances is said to move to Vienna. The company does not comment this information.
April 19, 2012
Major Order at Andritz by Mondi Austria
International technology Group Andritz has been selected by Mondi Group to supply a 1,200 tds/d recovery boiler for Mondi Frantschach at its mill in Carinthia.
April 19, 2012
Moderate Growth at Wintersteiger
In 2011, the Austrian machine manufacturer could raise revenues by 9.0% to € 101.8m.
April 14, 2012
Kapsch: Critique by Czech Republic
The toll collection system in the Czech Republic is more expensive in Austria or Germany, the Czech audit authority alleges.
April 14, 2012
Lenzing Expects Not to Reach Results of 2011 Again
Lenzing´s CEO Peter Untersberger presented the excellent results of the last financial year. This year, earnings will reach the level of last year only “at best”.
April 13, 2012
Wienerberger Builds Firewall Against Hostile Takeover
The Austrian brick producer plans to lower the marginal value for takeover offers to 20%.
April 13, 2012
Voestalpine Indicates Significant Increase in Revenues
The Austrian steel company recorded about € 12.0bn in revenues last financial year. 25% of the revenues are based on exports apart from Europe.
April 12, 2012
Frauenthal to Sell Catalyzer Segment
The Austrian supply company intends to sell the “industrial honeycomb” segment with revenues of € 80m and 350 workers.
April 11, 2012
Ruttenstorfer Enters RHI
The former OMV executive becomes supervisory board member at the Austrian RHI.
April 11, 2012
Voestalpine Increases R&D Expenditure
voestalpine said it is increasing R&D expenditure to a record level of € 132m for the 2012-13 business year just begun.
April 11, 2012
Eder Ticks Off Rail Cartel
Voestalpine´s CEO Wolfgang Eder underlines the new compliance rules of voestalpine. Another participation in a cartel would be “impossible”.
April 7, 2012
FACC Enhances Revenues Massively.
The Austrian plane component supplier FACC could raise revenues by 31%.
April 5, 2012
„Steel Industry Needs Market Adjustment“
Wolfgang Eder, CEO of the Austrian steel company voestalpine, sees massive overcapacities in the European steel Industry. Eder reaffirmed his warning to leave Austria.
April 4, 2012
Frauenthal Expands into Slovakia
The Austrian conglomerate acquires a Slovak sanitary retailer. The automotive segment recovers, CEO Moser says.
April 2, 2012
British Mayr-Melnhof Factory Occupied
The Liverpool-based site of the Austrian packaging company Mayr-Melnhof will be closed. Workers occupy the factory in order to prevent the shutdown.
April 2, 2012
Andritz Acquires U.S. Bricmont Inc.
The Austrian technology Group Andritz has acquired Bricmont Inc. from Inductotherm Group. Bricmont is headquartered in Pittsburgh, Pennsylvania, USA, and includes certain assets in China and India.
March 30, 2012
Mayr-Melnhof Closes Liverpool Plant
The Austrian packaging company today announced that it is to close its packaging plant in Liverpool.
March 29, 2012
Andritz Receives Order from ThyssenKrupp
The Austrian technology group is awarded to supply equipment for stainless steel production to ThyssenKrupp Nirosta, Germany.
March 29, 2012
Palfinger: High Expectations in China
The Austrian crane manufacturer is optimistic that China becomes the biggest market for the company.
March 28, 2012
Zumtobel Introduces Global Management for all Production Plants
As part of its growth strategy, the Zumtobel Group is placing all Zumtobel brand production plants under uniform global management.
March 28, 2012
Voestalpine Gets a New Group Structure
The Automotive Division and Profilform Division will be amalgamated to create the Metal Forming Division.
March 27, 2012
RHI Confirms Results 2011
The Austrian manufacturer of refractory products confirms its results published on March 6. RHI announces to have appointed a new CFO:
March 27, 2012
Voestalpine Forecasts Improved Business Conditions
Austrian steel group voestalpine expects results to improve from April 2012 as it benefits from price hikes and solid demand, Reuters reported.
March 27, 2012
BWT Posts Decline in Profits
The Austrian water technology company recorded revenues of € 478.9m (+3.9%). Net profit was down from € 22.7m to € 13.6m.
March 26, 2012
CarbonLite Opens $ 58m PET Recycling Plant
The Austrian Erema supplies pelletizers for the world largest bottle-to-bottle recycling plant in Riverside, California.
March 22, 2012
Voestalpine to Invest € 500m at Main Site
The Austrian steel company builds a new strand casting house. Voestalpine warns of excessive greenhouse gas regulations.
March 22, 2012
Andritz: Major Order from Chile
The Austrian Andritz Energy & Environment receives major order to supply equipment for two coal-fired power stations in Chile.
March 22, 2012
Excellent Results at Lenzing Group
The Austrian fiber producer announces that the € 2bn sales threshold was surpassed for the first time. EBIT was up by 60%.
March 22, 2012
Andritz Receives Major Order from Turkey
The Austrian technology Group Andritz has received an order to supply equipment for Beyhan-1 hydropower station in Turkey. The order value amounts to € 44m.
March 21, 2012
AMAG Appreciates Changes in Shareholder Structure
With B&C Industrieholding, the Austrian aluminum producer got a new major shareholder. RLB Upper Austria widens its share up to 16.44%.
March 19, 2012
Andritz Receives Order in DR Congo
The Austrian technology Group Andritz received a contract for reconstruction and rehabilitation of two Francis units (178 MW each) for the Inga 2 hydropower plant, DR Congo.
March 19, 2012
30% in AMAG Sold to B&C Industrial Holding
One Equity Partners (OEP), a subsidiary of JP Morgan, sold a major stake in the Austrian aluminum company to B&C Industrial Holding.
March 16, 2012
B&C Holding Interested in 30% AMAG Stake
The industrial holding aims for entering the aluminum producer AMAG. RLB Upper Austria is interested too.
March 15, 2012
Moderate Rise in Results at Mayr-Melnhof
The Austrian packaging company could enhance profits by 7.5% to 118.7m. Dividends rise from € 1.95 to € 2.10.
March 15, 2012
Voestalpine Closes TSTG Schienentechnik
The shutdown of German TSTG is due to a “lack in efficiency”. Because of the current cartel proceedings, the Austrian steel company has to build provisions of € 205m.
March 13, 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
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