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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
Potential for Austrian Suppliers in Spain
The Austrian AWO started a market exploration journey to Spain in order to create first business contacts. In the first term of 2011, exports to Spain grew by 6.6%.
October 3, 2011
A-Tec: Investors Call Kovats to Resign
The founder and CEO of the Austrian technology group A-Tec Mirko Kovats comes under fire. Wilhelm Rasinger from the Austrian investor´s representation asks Kovats and the liquidator Matthias Schmidt to step down.
October 3, 2011
Chinese Interest for ATB
After the collapse of the takeover of A-Tec, the subsidiary has to be sold separately. The Chinese Wolong group plans to acquire the Austrian automotive company.
October 1, 2011
A-Tec to be Dissolved
The Austrian technology company, which should have been sold as a whole, could not find a buyer. The remaining assets will now be offered separately.
October 1, 2011
RHI Buys Irish Raw Materials Producer
The Austrian producer of refractory materials takes over Premier Periclase Ltd. for a price of € 21m.
September 30, 2011
Tiger Coatings Continues Expansion in China
The Upper Austrian producer of industrial coatings will open a new plant in western China. Group turnover will amount to € 175m in 2011.
September 30, 2011
Kresta Takes Over Swiss Buss ChemTech
The newly acquired company will become the technology center of the Austrian plant building company.
September 30, 2011
Hirsch Servo Implements Long-Term Financing Plan
The Austrian machine manufacturer and packaging supplier reached an extension of the terms for its long-term loans.
September 30, 2011
Voith Hydro Receives Major Order from Russia
The plant manufacturer was awarded a contract for modernization of a Russian hydro power station. Presence in the country will be expanded through a joint venture.
September 29, 2011
Tann´s Export Quota Reaches 100%
The Austrian special paper manufacturer benefits from the economic upswing in Eastern Europe. Exports are booming.
September 27, 2011
Lenzing Confirms Weninger as CEO
The Austrian fiber manufacturer Lenzing Extends Management Board Mandate of Friedrich Weninger.
September 27, 2011
Metal Workers Start Autumn Bargaining Round
Salaries of 190,000 employees in the metal industry will be negotiated. Trade unions demand substantial increases.
September 22, 2011
Andritz Acquires NSC Nonwoven, France and China
Austrian technology Group Andritz has signed a contract to acquire NSC Group’s nonwoven division encompassing its affiliates Asselin-Thibeau (Elbeuf, France) and NSC Wuxi (Wuxi, China).
September 21, 2011
Rising Sales for Bene
The Austrian office furniture manufacturer Bene could further expand its operations and turn the earnings positive.
September 21, 2011
Andritz to Supply Hydropower Equipment to Norway´s Statkraft
The Austrian Andritz Hydro has received a major order from Çetin Enerji A.S., a subsidiary of Norway's state owned electric utility company Statkraft,
September 21, 2011
A-Tec Sale: Penta Sues
The Czech-Slovak investment consortium Penta, which made a bid in the A-Tec sale, sues against the award for the competitor Contor Industries.
September 20, 2011
New Austerity Measures at RHI
The new CEO of the Austrian refractory manufacturer RHI, Franz Struzl, insists on the expansion to BRIC-countries and the sales target of € 2.0bn.
September 19, 2011
AMAG to Expand Capacity of Canadian Smelter
The Austrian manufacturer of aluminum products is currently negotiating the project with four partners.
September 16, 2011
RHI to Start Production in Brazil in 2013
The Austrian producer of refractory materials invests € 85m in a first step. The new plant will have an annual production capacity of 60,000 tons.
September 15, 2011
Hammerer Aluminium: € 8.5m Investment for Austrian Industrial Location
The aluminum company Hammerer Aluminium Industries (HAI) enlarges the headquarters location in Ranshofen, Austria.
September 13, 2011
Marzek Etiquettes Expands in Ukraine
The Austrian manufacturer of etiquettes takes over the Ukrainian subsidiary by 100%.
September 13, 2011
Austrian Textile Industry is Optimistic
The Austrian Chamber of Commerce sees a positive development in the domestic textile industry, especially in the export sector.
September 12, 2011
Miba Reports Strong Growth in Sales
The Austrian component supplier achieved a sales increase of 38.5% in the first half of FY 2011/12. EBT amounted to € 28.6m, slightly higher than in the previous year.
September 9, 2011
RHI AG: Change in the Management Board
Henning E. Jensen informed the Supervisory Board of RHI AG today that he will resign, with immediate effect, from his function as the CEO of RHI AG on his own request.
September 7, 2011
Lenzing Group: Capacity expansion completed at the Heiligenkreuz/Burgenland plant
The Lenzing Group has successfully completed its capacity expansion drive initiated three years ago at the fiber production facility located in Heiligenkreuz (Burgenland, Austria).
September 7, 2011
Slight Decrease in Profits for Zumtobel
The Austrian lighting company reports rising revenues in the first quarter 2011. Profits are declining.
September 6, 2011
A-Tec Accepts Offer of Contor Industries
After several months of negotiations a decision has been made: The group will be split up, ATB and Montanwerke Brixlegg will be sold to foreign investors.
September 5, 2011
voestalpine Merges Subsidiaries in the Automotive Division
The structural parts group of the Austrian steel company’s automotive division is united within voestalpine Stamptec.
September 1, 2011
C.A.T. oil: EBIT Burdened by Higher Depreciation Expenses
The Lower-Austrian provider of oil and gas field services reported mixed results. Revenues increased by 24.4%, EBIT declined by 19.4% to € 10.0m.
August 30, 2011
HTI Continues Positive Development in Second Quarter
The Austrian technological group recorded a plus in revenues of 7.1% in half-year comparison. The net result improved by € 3m to € 2.2m.
August 29, 2011
Palfinger Closes Acquisition of Russian Inman
The Austrian crane producer completed the takeover of its Russian competitor. The deal is regarded as an important step in the company’s growth strategy in the CIS area.
August 26, 2011
A-Tec: Supervisory Board Postpones Decision to September
A decision on the sale of the insolvent conglomerate will not be taken before 2 September. Penta Investments is irritated by the offer of a competing bidder.
August 26, 2011
Rosenbauer: CEO Wagner Retires
The boss of the Austrian manufacturer of fire fighting vehicles draws the consequences from the company’s involvement in cartel agreements on the German market.
August 26, 2011
Strong Profit Increase for Frauenthal Group
The Austrian component supplier reported growing revenue for the period from January to June. Net profit more than doubled to € 6.1m.
August 24, 2011
Industry Raises Alarm over Lack of Technicians and Apprentices
voestalpine CEO Eder and WKÖ president Leitl call for measures against the shortage of skilled personnel. They want to increase the attractiveness of technical jobs and raise the retirement age.
August 23, 2011
German Municipalities to Sue Rosenbauer
After the antitrust fine of € 10.5m, the Austrian manufacturer of fire fighting vehicles might face damage payments to German municipalities. CEO Wagner refuses to step back.
August 23, 2011
Outstanding Results for Lenzing
The Austrian fiber manufacturer increased sales by 31% to more than € 1bn in the first six months of the year. EBIT almost doubled to € 199.2m.
August 23, 2011
Major Order from Russia for C.A.T. oil
The Lower-Austrian provider of oil and gas field services received new orders worth € 70m in Russia. The order book volume grew to € 239m.
August 19, 2011
FACC to Build Construction Plant in Russia
The Upper Austrian aircraft component manufacturer and its Russian partner invest a total of € 55m in Kazan. The new plant will supply components for commercial aircraft starting from 2013.
August 18, 2011
voestalpine Meets Expectations and Confirms Guidance
The Austrian steel company recorded continuing growth in the first quarter of FY 2011/12. Uneasy financial markets and the national debt crisis remain risk factors.
August 18, 2011
Rosenbauer Receives Record Order from Brazil
The Austrian manufacturer of fire fighting vehicles will outfit Brazilian airports with 80 Panther ARFF ready for Football World Cup 2014. It is the biggest single order for this vehicle in the company’s history.
August 18, 2011
SBO Tripled Profit
The Austrian oilfield equipment company presented strong half-year results. Sales went up 52%, EBIT increased from € 14.2m to € 40.1m.
August 18, 2011
Binder+Co Moves Up a Gear in the First Half of 2011
The Austrian machine and plant manufacturer achieved significant growth in the first six months of the year. EBIT increased from € 2.24m to € 3.03m.
August 17, 2011
Lenzing Nanjing Starts Up New Fiber Production Line
With the opening of the new line, the Austrian fiber manufacturer almost doubled its production capacity in China to 140,000 tons per year.
August 16, 2011
Constantia Flexibles Acquires Turkish Asaş
The subsidiary of Constantia packaging took over 93% of the Turkish company. The deal has already been approved by the cartel authorities.
August 11, 2011
ATB Returns to Profitability
The subsidiary of the insolvent A-Tec group achieved an increase in revenue of 18% in the first half of the year. EBIT turned positive to € 9.9m.
August 10, 2011
Palfinger with Considerable Growth in First Half of 2011
Revenue of the Austrian crane manufacturer increased by 39.3%, EBIT more than doubled to € 36m.
August 10, 2011
Semperit: Revenue and Earnings Increase in First Half of 2011
Revenue increased by 23% to € 406m. EBIT up to € 42m despite margin pressure. Earnings after tax rose 16% to almost € 26m.
August 9, 2011
Suspicion of Price Fixing in Building Material Industry
Inspections have taken place at several companies since the beginning of the week. Big players of the industry are also under suspicion.
August 4, 2011
RHI: Lower Operating Result despite Record Revenues in Second Quarter 2011
The Austrian producer of refractory materials reported an increase in revenues of 9.7%. Operating result amounted to € 40.0m.
August 4, 2011
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