Vienna International Industrial Company News
Read the latest headlines about Austrian industries
Austrian Investor Interested in Croatian Aluminum Company
The Austrian financial investor Michael Tojner is a potential buyer of the Croatian aluminum manufacturer TLM-TVP, which is owned by Hypo Group.
December 10, 2011
Magna to Develop Luxury Cars in Styria
The Japanese Infiniti lets Magna develop and construct its smallest model in Austria.
December 10, 2011
Miba Continues Growth Path
In the first three quarters, the automotive component supplier could record an increase in sales by 37%. EBIT was up by 22.1%.
December 9, 2011
Austrian Post: Privatization Is Not Planned
The trade union of post employees wants to lower the dividends. Privatization plans have not been discussed yet.
December 8, 2011
Siemens VAI Receives Order from India
The Indian JSW Steel placed a major order at the Austrian Siemens VAI.
December 8, 2011
Telekom Austria: Write-Offs in Belarus
Due to the hyperinflation in Belarus, Telekom Austria´s write-offs could reach up to € 400m.
December 8, 2011
Manner Expands Production
The Viennese confectionary company invests massively in its production facilities. The main factory will be enlarged.
December 7, 2011
Slow Progress in Transport Industry
The Austrian transport sector recovered in 2011. However, 2012 is expected to become a difficult year. Goods traffic declined drastically between 2006 and 2010.
December 7, 2011
Kapsch Group Expands in Romania
With the opening of a new, larger branch office, the Austrian toll collecting system supplier Kapsch Group is providing a signal for expansion in Romania.
December 7, 2011
Magna Powertrain Expands in Styria
The Canadian automotive supplier again invests in the Austrian plan Lannach. Investments of € 30m are planned.
December 6, 2011
Zumtobel Registers Profits Decrease
The Austrian light technology company reports an increase in revenues by 8.4% in the first half year. EBIT was down by 10.1%
December 6, 2011
KapschTrafficCom to Gain Order from Russia
The Austrian toll collect system supplier expects final announcement on the award of a Russian contract in two weeks.
December 5, 2011
Porr Considers Capital Increase
In order to realize further growth, the owners of the second-largest Austrian construction company plan to raise the equity base.
December 3, 2011
Zumtobel: Analysts Expect Decline in Results
The Austrian lighting manufacturer will record a decline in profits, but a rise in sales, analysts state.
December 3, 2011
Declining Profit for Doppelmayr
The Austrian ropeway manufacturer achieved a slight plus in turnover. The group result dropped by 11%.
December 2, 2011
Strabag Finishes Largest Project in Company History
The Austrian construction company finished work on the A2 motorway in Poland ahead of schedule. The project had a total volume of € 1.3bn.
December 1, 2011
Porr Issues Profit Warning
The Austrian construction company has to write down € 90m of receivables due to problems in Eastern Europe. For next year, however, management is confident to see stable development.
December 1, 2011
Austrian Companies Return to Libya
OMV and Asamer have already resumed business, while Strabag is still evaluating damages.
November 30, 2011
Strabag Increased Revenue and Earnings after Nine Months
Revenue of the Austrian construction group was up by 9%. EBIT stood at € 208m – 8% higher than in 2010.
November 30, 2011
Strabag Wins New Orders for Environmental Technology Division
The Austrian construction group secured new business worldwide. The total volume is € 110m.
November 29, 2011
Hirsch Servo Posts Loss of € 1.32m
Sales revenue of the Austrian machine manufacturer and packaging supplier declined by 6% in the first three months of fiscal 2011/12. EBIT dropped to € -0.26m.
November 29, 2011
C.A.T. oil Maintains Positive Growth Momentum
The Austrian provider of oil and gas field services achieved an all-time high in operating activity levels. Revenue increased by 14.3% to € 74.7m in the third quarter of the year.
November 29, 2011
HTI Increases Revenues and Nine-Month Result
The Austrian technological group posted a plus in revenues of 7.2%. EBIT improved slightly from € 11.4m to € 11.6m.
November 29, 2011
Strabag delivers € 320m Steelworks in Russia
The Austrian construction company has finished its works in Russia. The factory will produce sheet steel in particular to manufacture pipes to be used in pipeline construction.
November 28, 2011
Share Repurchase at Palfinger
The Management Board of the Austrian crane manufacturer resolves to exercise its authorization to acquire own shares. The maximum contingent is € 10m.
November 26, 2011
Borealis to Acquire French Fertilizer Producer
The Austrian chemical company has made an offer to take over PEC-Rhin in its entirety.
November 25, 2011
Significant Growth in Earnings for Frauenthal Group
The Austrian component supplier reported growing revenue for the period from January to September. EBIT increased by 26.5% to € 18.6m.
November 25, 2011
Voestalpine Broadens Measures to Safeguard Liquidity
The Austrian steel company has agreed on a syndicated loan of € 800m in two tranches in order to safeguard medium and long-term financing.
November 24, 2011
FCC Acquires Remaining Shares in Alpine
Supervisory board chairman Aluta-Oltyan will sell his 20% stake in Austria’s second largest construction company to the Spanish majority owner.
November 23, 2011
Analysts Expect Good Results for Kapsch TrafficCom
The Austrian toll system supplier will increase sales as well as earnings in the third quarter, analysts say.
November 22, 2011
Siemens Austria Finishes Dutch Gas Power Plant
The contract value for the gas and steam power plant amounts to € 570m. 1.4 million households will be served with electricity.
November 21, 2011
Strabag Confirms „Solid Outook“
The EBIT forecast of the Austrian construction group has been raised to € 340m. Net income is expected at € 185m.
November 21, 2011
Strong Results for Pankl Racing Systems
The Austrian supplier of racing and aerospace systems could improve revenues, earnings as well as profits significantly.
November 21, 2011
A-Tec: Investigations Against Kovats
Investigations by the Austrian Public Prosecution Authority against the CEO of A-Tec, Mirko Kovats, proceed. The suspicions are massive.
November 19, 2011
Voestalpine Cuts Production
For the Austrian steel producer, the upward trend is now over. Steel production will be reduced by 10% in the last quarter.
November 19, 2011
FACC Builds R&D Center in Upper Austria
The Austrian aircraft component manufacturer invests a total of € 54m in the project. Turnover is expected to increase by 20% to € 330m in the current year.
November 18, 2011
Siemens Austria to Manufacture Trams Worth € 100m
The German technology group will build 40 new generation vehicles in Vienna, with parts coming from the plant in Graz.
November 18, 2011
Rosenbauer Reports Drop in Profit
The Austrian manufacturer of fire fighting vehicles registered record order intake of € 456m in the first nine months of the year. Revenues and EBIT came in lower than expected due to shipment delays.
November 18, 2011
No Growth in Construction Industry in 2012
Austrian companies fear the effects of the debt brake while they still suffer from the consequences of the recession of 2009.
November 17, 2011
Strabag Strengthens Brand Presence in Sweden
The Austrian construction group renames two local subsidiaries. Planned national output for 2011 amounts to approximately € 350m.
November 17, 2011
Zumtobel Group Refinances Loan Agreement to 2016
The Vorarlberg-based lighting company and seven banks signed an agreement that will replace an existing syndicated facility of € 480m.
November 17, 2011
Andritz Wins Order in the UK
The Austrian technology group and the energy group E.ON signed a contract on the supply of equipment for a biomass energy plant. The project has a volume of € 80m.
November 17, 2011
voestalpine Cuts Outlook for the Full Business Year
In the first half of the financial year 2010/11, the Austrian steel company recorded an increase in revenue of 15.1%. EBIT rose by 28.3% to € 531m.
November 17, 2011
Binder+Co Reports Strong Rise in Sales and Orders
Binder & Co, an Austrian supplier of environmental and packaging technology completed Q1–3/2011 with marked increases in both sales revenues and EBIT.
November 16, 2011
SBO Doubled Profits
The Austrian supplier of oilfield equipments raised sales by 36.6%. SBO starts into the fourth quarter with a sound order backlog
November 16, 2011
Small Increase in Construction Costs
Austrian Construction costs increased by 1.8% in October 2011 compared to the previous year.
November 15, 2011
Semperit Exceeds Forecasts
In the first nine months, the Austrian manufacturer of synthetic products was able to raise sales by 20.6% to € 626.2m. Profits increased by 18.7%.
November 15, 2011
Stable Results for Mayr-Melnhof
The Austria cartonboard producer announces rising sales, earnings and profits. However, the outlook is less optimistic. Mayr-Melnhof sees declining margins.
November 15, 2011
Lenzing Meets Expectations
In the first nine months of 2011, the Austrian Lenzing Group could improve financial key figures. Profits were up by 77.5%.
November 15, 2011
Bombardier Considers to Leave Vienna
The Canadian company is threatened to close its factory in Vienna, unless the city government orders new subway trains.
November 14, 2011
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