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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
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
Further Increases in Prices of Industrial Goods
Increase in industrial producer prices in October 2010 is, according to Statistik Austria, +4.0% compared with the same month last year.
December 20, 2010
Decline in sales at Siemens Austria
Sales have dropped by 20% but the profit situation is stable. Orders have improved by 14%.
December 16, 2010
voestalpine: Change in Executive Board
The Supervisory board has decided the succession of executive board member Mülner. His successor as head of the Railway Systems Division is Franz Kainersdorfer.
December 16, 2010
Cooperation Between Korean LG and Austrian Zumtobel
LG Innotek and Zumtobel Group conclude LED cooperation agreement.
December 15, 2010
Bene Still Reports Losses
The Austrian manufacturer of office furniture reports an increase in sales by 10.2% in Q3 2010. Sales in Germany dropped by 18.5%. UK market perfomed well.
December 15, 2010
ATB Group Still Records Losses
The A-Tec division ATB publishes its results for the first nine months: declining sales and losses.
December 14, 2010
Lenzing Expands Fiber Production Capacity
The Lenzing Group, an Austrian actor in man-made cellulose fibers, sets the course for the future expansion of its fiber production capacity.
December 13, 2010
Miba Increases Both Sales and Earnings
At € 313.7m, revenue of the Austrian component supplier is up 37 percent from the previous year. Number of employees of the Miba Group up by 20 percent.
December 10, 2010
Mayr-Melnhof: Bankruptcy in Switzerland
The Austrian manufacturer of packaging materials is preparing bankruptcy proceedings for the Swiss sawmill in Ems.
December 8, 2010
Kovats Has to Increase Quota
The remaining divisions of the insolvent A-Tec Group are being valued. Kovats will not be able to avoid an increase of the quota for the creditors.
December 8, 2010
Kovats Remains CEO of A-Tec for the Time Being
Despite the resignation offer to the creditors Mirko Kovats, majority owner and founder of bankrupt A-Tec, stays on as CEO.
December 6, 2010
Sattler AG Expands to the U.S.
The Austrian specialty textiles manufacturer based in Graz, acquires the American brand Outdura in North Carolina.
December 6, 2010
Andritz Criticized Because of Belo Monte Hydroelectric Power Plant
After being sharply criticized by church organizations because of a construction project in Brazil, the plant manufacturer now turns to the public.
December 6, 2010
Voestalpine: Doubling of Sales in Five Years
By 2015, the Chairman of the Board of the Austrian steel group, Wolfgang Eder, intends to achieve sales over € 15b billion through expansions.
December 6, 2010
Zumtobel Announces Increasing Profits
Dynamic components business brings Austrian lighting group 60% increase in Profits. Revenues were up by 8%.
December 2, 2010
Kapsch TrafficCom Increases Revenues by 85%
In contrast to negative earnings in FY10-H1, Kapsch TrafficCom Group, listed on the Vienna Stock Exchange, recorded clearly positive earnings in FY11-H1.
November 26, 2010
Insolvency of AE&E
No agreement over the purchaser of the AE&E subsidiary could be reached. However, Andritz is still considered as a prospective buyer.
November 26, 2010
AE&E: Next Insolvency is Coming Up
A subsidiary of the insolvent AE&E group in Raaba is negotiating with the Styrian plant manufacturer Andritz. They have time until Friday.
November 25, 2010
Hirsch Servo Still Records Losses
Sales were up by 27% in the first quarter. Hirsch already experiences an upward trend, the turnaround is expected in 2011.
November 25, 2010
Tann Paper Opens Factory in Russia
The Upper-Austrian company makes its initial step in Russia. Further investments are possible.
November 23, 2010
Pankl Announces 2009/10 Results
The Styrian Engineering Company records a slight fall in revenues. EBIT grew by 94%.
November 22, 2010
Rosenbauer Group Announces Q1-Q3 2010 Results
Revenues rose by 9.6%, EBIT is 22.4% above the level of 1-9/2009.
November 19, 2010
Voestalpine Announces Q1-Q3 2010 Results
Voestalpine group increases EBIT by almost tenfold up to € 414m. Revenue goes up by 24.2% due to significant growth in sales
November 18, 2010
Schoeller-Bleckmann Oilfield Equipment AG Announces Results of Q1-Q3
Vienna-Stock-Exchange listed SBO records a clear increase of all key financial figures.
November 17, 2010
Binder&Co; Announces Q1-Q3 Results
Binder was able to increase its order intake by 50% over the previous year. However, company sales revenues and EBIT remained below the 2009 level.
November 17, 2010
Mayr-Melnhof Announces Results for Q3 2010
Mayr-Melnhof records a significant increase of results in Q3. The rise in cartonboard prices compensates the recent cost surge.
November 16, 2010
Voestalpine Expands into the Gulf Region
The Austrian steel group will manufacture rail components for Saudi Arabia over a joint venture.
November 16, 2010
Semperit Announces its Results of Q1-Q3 2010
Group revenue up by 17% to € 519.3m. EBT rose by. 15% to € 62.9m
November 16, 2010
Lenzing Group Announces Results for Q3 2010
Lenzing experiences its best quarter in company history. A new record result is expected for 2010.
November 16, 2010
Mechanical Engineering Returns to High of Growth
The sector experienced a decline of output capacity by 22% in 2009, revenue in the sector dropped 24% to € 14.7bn. In 2010, production will grow by 8%.
November 15, 2010
BWT Announces its Results for Q3
BWT records a strong growth in revenues and EBITDA. However, net results fell by 10%.
November 12, 2010
Frauenthal Announces Results for Third Quarter of 2010
The process of consolidation at the Frauenthal Group continued according to schedule in the third quarter: revenues increased by 17.8%.
November 11, 2010
Palfinger: Upward Trend in the First Three Quarters 2010
Market recovery and savings measures allowed for above-average increase in earnings. Revenue grew by 19.9 percent to € 464.9m
November 11, 2010
Heinzel Group: Unrestricted Expansion
This year, the Austrian paper group expects a turnover of 650 million euro; in 2011 the billion mark will be exceeded.
November 9, 2010
Metal Workers: Up to 3% Wage Increase
Workers in the metal industry receive a strong wage increase. The minimum wage rises by 2.5%.
November 8, 2010
RHI: Positive Development in the First Nine Months
RHI AG, the world market leader in refractory products, recorded a significant increase in revenues and earnings in the first three quarters of 2010 compared with the prior-year reference period.
November 4, 2010
Wienerberger Records More Profits, but Less than Expected
Wienerberger AG recorded a 7% year-on-year increase in operating EBITDA to € 82.2 million for the third quarter of 2010. However, analysts expected even more.
November 3, 2010
Contract for Kapsch TrafficCom in Poland
The consortium led by Kapsch came out as the best bidder for the implementation of a toll system on Polish motorways. The contract has been signed now.
November 3, 2010
RHI: New Boss Wants to Double Profits by 2015
RHI pursues ambitious growth plans. Higher sales and profits are to be generated mainly through expansion in emerging markets.
October 29, 2010
A-Tec - Creditors are Demanding more Money
Against the minimum quota of 30 per cent offered by Mirko Kovats 30 resistance is forming. A-Tec announced that the negotiations of the daughter AE & E are well underway on renewal of the credit facility.
October 22, 2010
AT&S Leaves the Crisis Behind
Thanks to growth in sales and massive investments, AT&S looks forward to a positive future.
October 21, 2010
Voestalpine: Good Prospects
Voestalpine has got back fast on the road to success. Cost reduction and growth outside Europe are the recipes.
October 21, 2010
Kapsch TrafficCom AG Issues a Corporate Bond
With the issuance of the bond, investments necessary for continuation of growth are made possible.
October 19, 2010
A-Tec CEO Kovats: Refunding After 2nd November Possible
“There will be a solution.” Discussions with investors continue.
October 18, 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
Siemens Graz: - Investment of 12 Million in Plant for Railway Bogies
Siemens is investing a total of twelve million euro at the Graz location. The plant for railway bogies will receive a new assembly line for wheel sets. In addition to the present 950 employees new jobs will be created.
October 8, 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
Mondi - Russia's Syktyvkar Mill modernized
Paper and packaging group Mondi confirmed that the modernization of its Russian mill was complete and the mill was ready to meet Eastern Europe's growing demand for uncoated fine paper and container board.
September 29, 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
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