Sponsored Content
Vienna International Industrial Company News
Read the latest headlines about Austrian industries
Borealis Doubles Profit and Expects Challenging Market Conditions
The Austrian chemical company delivered strong second quarter results despite a softening market environment.
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
Construction Output Price Index Keeps Increasing
The index reached 103.2 points in the second quarter: +3.6% year-on-year, +0.5% against the first quarter.
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
Strabag Awarded Three Infrastructure Projects in Sweden and Finland
The Austrian construction group’s Swedish subsidiary has won the contracts for two projects in Sweden and one in Finland with a total volume of € 76m.
August 9, 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
Green Light for Strabag’s Cooperation with Lafarge
The Austrian construction company has wrapped up the acquisition of a 30% stake in the joint venture with the French building material supplier.
August 5, 2011
Good Year for Cereal Farmers
Cereal production is expected to increase to 5.3 million tons, a plus of 13% compared to 2010 and clearly above long-term average.
August 5, 2011
Strong Plus in Sales for Magna
The Canadian component supplier increased sales by 29% to $ 14.5bn. In Austria, the company employs approximately 11,000 people.
August 5, 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
Teak Holz International: Earnings Four Times as High as Revenue
The Upper Austrian timber company’s revenue more than doubled in the first nine months of the financial year. The value of plantations increased by € 8.7m.
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
Polytec Expands Capacities after Strong First Half of 2011
The Austrian component supplier achieved significant growth in earnings and is going to invest in its core competences. The group will acquire PPI Plastic Products Innovation GmbH & Co KG.
August 3, 2011
Porr Wins Major Order in Germany
The Austrian construction company will build two tunnels as part of the Stuttgart 21 project. Total volume of the order is € 700m.
August 2, 2011
Changes in the Management Board of Pankl
The Austrian component supplier extended the contract of CEO Wolfgang Plasser for further five years. Josef Faigle will succeed Alfred Hörtenhuber as COO.
August 1, 2011
Austrian Industrial and Construction Turnover Up by 10.9%
Opposing production trends in industry and construction in April 2011; turnover increased by 10.9%. Energy and metal industry are dominant factors.
July 29, 2011
Construction Output Down by 3.4%
Austrian output of construction of buildings and civil engineering decreased by 3.4% from January until April 2011. Volume of orders increased by 8.1%.
July 29, 2011
AMAG Expects Record in Profitability
The Austrian manufacturer of aluminum products reported a strong development in the first half of 2011. Sales were up 21%, EBIT grew by 18% to € 59.9m
July 29, 2011
KTM Achieves Strong Growth
The Austrian motorcycle manufacturer reported a positive development in the first half of 2011. Turnover increased by 24%; EBIT went up 18%.
July 28, 2011
Pankl Acquires US-Based Superior Crankshaft
The Austrian component supplier takes over 100% of the American crankshaft producer which was also founded by Gerold Pankl.
July 27, 2011
Blue Chip Energy Filed for Insolvency
The solar cell producer has abandoned production today. Asian investors are said to be interested in an acquisition of the Burgenland-based company.
July 21, 2011
voestalpine Sues EU Over Plans for Carbon Emissions
The Austrian steel company and four German competitors filed a lawsuit against the EU. They argue that CO2 emission targets are unrealistic and unachievable.
July 21, 2011
Agricultural Exports Are Booming
Foreign demand for fruits, vegetables and other products from Austria is growing. Exports went up 21% and amounted to € 2.18bn in the first quarter of 2011.
July 21, 2011
German Rail Cartel: Increasing Pressure on voestalpine
The German Federal Cartel Office made new inspections at a local subsidiary of the Austrian steel company. According to press reports, price fixing on the German rail market continued until 2011.
July 20, 2011
PE Firm Acquires Prefabricated House Specialist Hanlo
The Styrian provider of prefabricated houses was acquired by H.I.G. European Capital Partners. Company founder Hanno Loidl will remain active in an advisory role.
July 19, 2011
Strabag Becomes Sole Shareholder of German Möbius
The Austrian construction company further expands its position in the German hydraulic engineering sector. A majority stake in Möbius had been acquired in 2007 already.
July 14, 2011
First Quarter: Agrana Improved Revenue and Earnings
The Austrian sugar, starch and fruit company increased revenue by 13.4% in the first three months of financial year 2011/2012. Operating profit went up 79.6%.
July 14, 2011
Indian Motherson Sumi to Acquire Peguform from Cross Industries
The Austrian industrial holding company found a buyer for the automotive component supplier which had been separated from the Polytec Group in 2009.
July 13, 2011
Binder+Co Takes Over Italian Mechanical Engineering Company
Through the acquisition, the Austrian machine and plant manufacturer enlarges its portfolio and expands its sales network in the Mediterranean region.
July 12, 2011
Strong Development of Exports in Austrian Machinery Industry
In the first three months of the year, Austrian enterprises exported machinery and metalware for € 6.04bn. Germany is the main trading partner of the industry.
July 11, 2011
Palfinger Takes Over Russian Inman
The Austrian crane manufacturer acquires its leading Russian competitor. Inman will generate revenue of € 20m this year.
July 11, 2011
Plansee Group Achieved Sales Record
The Austrian provider of metallurgically manufactured products increased revenue by 46%. A new factory near Shanghai is scheduled to start operation in 2012.
July 7, 2011
RHI: Plans for New Plant in the US
The Austrian producer of refractory materials intends to open a new factory in the US. In the long run, bricks for the North American market will be produced locally.
July 4, 2011
voestalpine is the Leniency Applicant in the German Rail Cartel
The Austrian steel company applied for leniency in the case of anti-competitive practices in the German rail tracks market. The group expects to be exempted from any fines.
July 1, 2011
Construction Output Down by 5.1%
Austrian output of construction of buildings and civil engineering decreased by 5.1% from January until March 2011. Volume of orders fell by 3.2%.
June 30, 2011
Wienerberger Received Green Light for Tondach Acquisition
The Austrian brick producer will transfer 50% of the shares in Bramac to Monier Group and, in exchange, receive a further 25% stake in Tondach Gleinstätten plus an additional payment.
June 30, 2011
voestalpine May Revive Plans for New Factory
The Austrian steel company may revive plans next year to build a plant abroad as rising demand boosts prices.
June 29, 2011
RLB OÖ to Sell Its Stake in Polytec
The Upper Austrian regional bank will sell its shares in the component supplier for approximately € 34m.
June 29, 2011
Teak Holz to Raise Capital for Expansion
The Upper Austrian timber company announced a capital increase by € 15.6m. The funds will be used to boost growth.
June 28, 2011
voestalpine Acquires Dutch Company’s Research Department
The Austrian steel company expands its portfolio in railway systems technology with the acquisition of Baas R&D. The transaction is expected to boost expertise in diagnostic systems for rail transport.
June 27, 2011
Zumtobel Achieved Turnaround
The Austrian lighting company announced strong results. Revenues increased by 10.2%. Net profit for the year is firmly back in the black at € 51.3m.
June 27, 2011
RHI Confirms Outlook and Rules Out Capital Increase
The Austrian manufacturer of refractory materials expects a moderate increase in revenues. A capital increase is not planned in the near future.
June 22, 2011
Agrana Increases Annual Guidance after Strong First Quarter
The Austrian sugar, starch and fruit company expects significant improvement in results in the financial year 2011/12. Revenue increased by 13% in the first three months.
June 22, 2011
Bene: Reduced Operating Loss in the First Quarter
The Austrian office furniture supplier achieved an increase in sales of 18.5% . The management still expects a slightly negative result for the full business year.
June 22, 2011
KTM: Capital Increase Completed Successfully
The Austrian motorcycle manufacturer strengthened its share capital by € 14m by issuance of 400,000 new bearer shares. Main shareholders are CROSS Industries with 50.1% and Bajaj with 39.79%.
June 21, 2011
Emerging Markets Boosting FACC
The Austrian aircraft component manufacturer relies on joint ventures in order to benefit from strong growth in emerging markets.
June 20, 2011
Wienerberger Plans New Bond Issue
The Austrian brick producer plans to issue a bond with a volume of € 100m and a seven-year term. Proceeds will be used for refinancing of liabilities and general corporate financing.
June 16, 2011
Building Project for Strabag in Sweden
The Austrian construction company is going to develop over 15,000 m² of residential and retail space. The project has a volume of SEK 600m (€ 67m) and will be completed in 2013.
June 16, 2011
Constantia Packaging Starting the Sale of Duropack
The industrial holding will sell the board manufacturer Duropack for an estimated price of € 550 to 650m. The plan is received with great interest by Austrian and international groups.
June 15, 2011
Bene: Change in the Composition of the Management Board
Thomas Bene resigns from the board after having worked for the Austrian furniture company for 17 years.
June 10, 2011
Fast News Search
This category only
