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Vienna International Industrial Goods Industry News
Read the latest headlines about developments in the international industrial goods industry in Vienna and Austria


India to Emerge KTM Production Hub by Year End

India is on the cusp of emerging as the lead production hub of Austrian motorcycle brand KTM with the four motorcycles manufactured at the Chakan plant poised to outsell super-sports and off-road bikes rolling out of the Mattighofen facility in Austria.
October 23, 2014


FACC and Parent AVIC to Shift Manufacturing of Passenger Cabins from Austria to China

During the China trip of Economy Minister Mitterlehner, Foreign Affairs Minister Kurz and Agriculture Minister Rupprechter, FACC AG and parent Aviation Industry Corporation of China (AVIC) have re-confirmed their "plans to enter into a strategic partnership relating to the integration of aircraft passenger cabins in China". Over the long run this means, that Austrian know-how and Austrian jobs will be moved and outsourced to China.
October 23, 2014


OSCE Special Monitoring Mission to Ukraine Starts the Use of Austrian Drones

The OSCE (Organisation for Security and Cooperation in Europe) Special Monitoring Mission to Ukraine (SMM) today completed the maiden flight of its unarmed/unmanned aerial vehicles (UAVs) before members of the media near Mariupol in eastern Ukraine. The OSCE will use unmanned and unarmed drones for the monitoring of the border between Ukraine and Russia.
October 23, 2014


Josef Taus to Delist MTH from the Vienna Stock Exchange

Josef Taus is delisting his investment company Management Trust Holding (MTH). The main reason for the delisting of this long-term stock market participant (since 1990) is the very low percentage of widespread shareholdings: only 1.25 percent of the shares is held in free float. The company will present a respective offer to the few minority shareholders. Another reason is the restructure of Taus’ empire, which will allow the industrialist to reduce his dependence on minority shareholders.
September 3, 2014


Wienerberger Increases Capacity in the UK

Rising demand in the UK made it necessary for Wienerberger to initiated measures to increase its capacity. Around 200 million more bricks per annum will be produced by re-activating mothballed factories, investing in technology upgrades, adding shifts and new jobs throughout its UK operations, and importing from the continent. Earnings contribution from re-activated plants will be reflected in 2015 results
July 17, 2014


UIAG to Take Over 40% of Mbi-Group for EUR 8 Million

Investments firm UIAG agreed to take over 40 percent in industrial machining manufacturing company mbi-group Beteiligung GmbH, parent of machine maker Anger Machining, for EUR 8 million in capital hike and funds, UIAG said.
July 2, 2014


Austrian Export Award 2014 for Above-Average Export Commitment

As part of a festive gala evening in Vienna's Museumsquartier, the Austrian Export Prize 2014 has been awarded by the Federal Minister for Science, Research and Economics, Reinhold Mitterlehner, and the President of the Economic Chamber Austria (WKO) Christoph Leitl.
June 26, 2014


Voestalpine Plans Further Acquisitions

In an interview with the Financial Times, Voestalpine CEO Wolfgang Eder confirms his ambition to grow through acquisitions and to double its revenue by acquiring suitable targets in the special steel division in China and North America.
June 16, 2014


BSH Vienna is Partially Taken Over by German BSH Group

With the goal of strengthening its international market presence, the TROX Group acquired parts of BSH Group.
May 31, 2014


High Potential for Austrian Investments in Moldova

Austria is one of the most active countries in the CESEE region ranking first in foreign direct investments (FDI) in many countries.
May 22, 2014 · Updated: May 22, 2014; 13:05


voestalpine to Invest Further in China

Listed Austrian steel producer voestalpine opened another business location in China.
May 14, 2014


Croatian Brodosplit Landed Important Contract

The Croatian ship manufacturing company Brodosplit has signed a contract with Germany’s Kranunion.
May 12, 2014


CEE: Surge in Sales for French Lafarge

The French building material group Lafarge saw a strong increase in sales in Romania and Eastern Europe in general.
May 9, 2014


Michelin to Downsize in Hungary

French tyre producer Michelin announced to shut down ist tyre plant in Budapest and relocate to Romania.
May 9, 2014


Austria: Mitsubishi Takes Over Majority Stake in Siemens‘ VAI

The industrial systems subsidiary of Siemens, VAI with the business location in Linz, is sold to Japanese competitor Mitsubishi Heavy Industries (MHI).
May 7, 2014


Pewag Striving for Larger Market Share in US

The Austrian snow chain manufacturer appreciates the label “Made in USA”.
May 6, 2014


“US Rolls Out Red Carpet for Austrian Industrial Enterprises”

Potential Austrian investors are attracted with many incentives such as low energy costs, few bureaucratical hurdles and excellent infrastructure.
May 5, 2014 · Updated: May 6, 2014; 13:25


Federation of Industries: “Industrial Compact“ for European Competitiveness

The Austrian Federation of Industries (IV) considers the EU entry of Austria as the basis of prosperty and economic growth in the past years. However, now reforms are required to catch up to a global level.
May 5, 2014


Majority of Czech Entrepreneurs Want Euro

According to a survey, more than three quarters of Czech entrepreneurs are in favor of the country adopting the Euro.
April 30, 2014


Austria: Industrial Production with Growth Potential

Austrian industry continues to grow - but somewhat less dynamically than at the turn of the year.
April 30, 2014


Eder: Policy-Makers Have to Make Decisions

Wolfgang Eder, CEO of Austrian steel manufacturer voestalpine, claims not to have heard anything from the Austrian policy makers after he raised criticizm with regard to the Austrian business location.
April 24, 2014


Austria: Calls for Reduction of Bureaucracy Become Louder

Bureaucratic hurdles burden the Austrian enterprises the most apart from taxes and other levies.
April 23, 2014


Eder: Austrian Industrial Location Not Attractive Anymore

Austria may lose one of its most important industrial flagships. Wolgang Eder, CEO of the Vienna-listed steel manufacturer voestalpine threatens to leave Austria.
April 18, 2014


Industrial Location Austria Losing Attractiveness

Among other things, labor costs and energy prices are too high, according to the Austrian Federation of Industries.
April 16, 2014


Austria: Industrial Production Loses Momentum

Austrian industry loses some momentum after strong growth at the start of the year.
March 28, 2014


Hungary: Orban Striving to Become PM Again

In an attempt to gain another four years as head of the government Hungarian Prime Minister Viktor Orban praises the country’s achievements in the past years since his Fidesz party came into power.
March 26, 2014


Serbia: Share of NPL Increases Dramatically

The share of bad loans in Serbia has increased to 21.3 percent.
March 6, 2014


Austria: Solid Growth and Recovery in Industrial Industry

Austria’s industrial recovery continues.
March 3, 2014


“Polish Economy at Crossroads“

In an interview with Austrian daily “WirtschaftsBlatt“, Ryszard Petru, chairman of the Society of Policy Economists, sees high chances for the Polish economy; however, only if the country knows how to support innovation.
February 21, 2014


Bulgaria: FDI Keeps Increasing

FDI (foreign direct investments) increased by € 1,229.4m in Bulgaria in 2013 while equity capital came at € 953.4m last year.
February 18, 2014


Austria: Economic Upturn Still in Standby-Mode

According to the analysis of the economic indicator of Bank Austria, there is moderate growth and hope for the first quarter in 2014.
February 17, 2014


Austria: Economic Growth Accelerates

In the fourth quarter in 2013 GDP increased by 0.3 percent compared to the previous quarter and by 0.9 percent year-on-year.
February 14, 2014


Serbia: One of Fastest Growing Economies

Last year Serbia was among the ten fastest growing economies in Europe, as pointed out by Deputy Prime Minister Aleksandar Vucic.
January 8, 2014


Austria: Kapsch Delivers Warning to Policy-Makers

Georg Kapsch, President of the Federation of Austrian Industries (IV), is very cautious about economic growth in Austria and warns the policy-makers of a budget consolidation on the basis of expectations of growth.
December 27, 2013


Austria: Industrial Output Shrinks

In October the industrial production in Austria declined.
December 23, 2013


Voestalpine to Construct New Plants in China

The Austrian steel manufacturer will invest € 450m in new facilities and plans to triple revenues until 2020.
October 28, 2013


German Rail Manufacturing Plant of Voestalpine to be Closed

At the end of October voestalpine will shut down its rail manufacturing plant TSTG Schienen Technik GmbH & Co KG in Duisburg, Germany.
October 21, 2013


Austrian Industrial Sector Well Positioned in International Competition

In 2012, the Austrian industrial sector was well positioned in the international competition, according to a study by the Austrian Institute for Economic Research (Wifo).
October 14, 2013


Trade in Austria Has Increased Since Opening of CESEE Market

Today the Austrian Institute for Economic Research (Wifo) published the “Analysis of the Austrian Balance of Trade“ on behalf of the Economic Ministry.
October 10, 2013


Eurozone: Inflation Drops to 1.1 Percent

According to first estimates by Eurostat, the Eurozone shows the lowest inflation rate in more than a year. Only twelve months ago the inflation rate was at 2.7 percent.
September 30, 2013


RHI: Growth Plans in Emerging Markets

Franz Struzl, CEO of producer of fused cast refractories RHI, announced that the long-term strategic corporate goals were still relevant. However, it is not clear when the targets will be reached.
September 24, 2013


Poland: Warsaw Stock Exchange to Introduce WIG30

The new index covers thirty enterprises instead of formerly twenty and reduced the dominance of the banking industry.
September 23, 2013


Romania: Austrian Investors Demand Transparency

In an interview with Business Review Romania, Rudolf Lukavsky, commercial counselor for Romania and Moldova at the Austrian Embassy described the downsides and advantages of the economic environment in the country.
September 17, 2013


Turkey: Industrial Turnover Index Grew 14.8 Percent

The statistical office of Turkey announced that the Industrial Turnover Index in July increased by 14.8 percent compared to the same month in 2012.
September 13, 2013


Eurozone: Industrial Production Decreased 1.5 Percent

Industrial production fell in fifteen EU member states.
September 13, 2013


Austria: voestalpine Sells its Interest in VA Intertrading

The voestalpine Group announced today that over the next three years it will gradually sell its 38.5% interest in VA Intertrading to an investor.
September 13, 2013


Turkey: Strong Industrial Production at Start of Q3

Turkey saw a strong industrial production at the start of the third quarter, according to official data, which gives hope for an improved economic growth as the country is facing more and more economic difficulties.
September 10, 2013


Romania: Industrial Sales Increased 4.7 Percent in 2013

Romania’s industrial sales increased 4.7 percent in the first seven months.
September 9, 2013


Eurozone: Slight Increase of Industrial Production

Cyprus and Croatia record the largest decrease in industrial production among EU member states.
September 3, 2013


Austria: Loss in Profits for Zumtobel

Zumtobel AG 1st Quarter Report (May – July 2013): Zumtobel Group reports substantial improvement in operating earnings.
September 3, 2013