Vienna International Industrial Company News
Read the latest headlines about Austrian industries
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
Miba Continues Its Growth Course
The Austrian component supplier’s level of orders reached a peak of € 260m. Sales increased by 41.5% to € 138.7m in the first quarter.
June 10, 2011
Strabag: No Early Comeback in Libya
The Austrian construction company had to stop projects worth € 350m, which resulted in a decrease in business backlog by 3% to € 15.2bn.
June 10, 2011
Polytec Sells the Interior Segment to the Toyota Group
The Austrian component supplier divests a business segment due to high competitive pressure. The buyer is Toyota Boshoku Europe.
June 9, 2011
New Motorway Order for Strabag in Romania
The Austrian construction company is going to build a motorway section between the cities of Orăştie and Sibiu. Order volume amounts to € 166m.
June 7, 2011
Agrana Opens Production Site in Egypt
The Austrian fruit, starch and sugar company has started production in its new plant which is seen as a basis for further expansion in the Middle East and North Africa.
June 7, 2011
Alpine Issues Corporate Bond
The volume will be € 75m with the possibility of an increase. The funds will be used for general corporate purposes and an optimization of the financial structure.
May 31, 2011
Agrana Interested in Hellenic Sugar
The Austrian sugar and starch company is said to be interested in an acquisition of the Greek company which incurred a loss of € 27.1m in the last year.
May 31, 2011
Hirsch Servo Still in the Red
The Austrian machine manufacturer and packaging supplier improved its results in the first three quarters of the financial year. Operational turnaround is still planned for 2010/11.
May 31, 2011
Strabag Raises Outlook for 2011 and 2012 after Solid Q1
The Austrian construction company increased its output volume by 26% in the traditionally weak first three months of the year. Operating result improved marginally to € -145.38m.
May 31, 2011
Strong Growth for voestalpine in 2010/11
The Austrian steel company increased its operating result by 180% to € 984.8m. Annual profit tripled to around € 600m.
May 31, 2011
Decreasing Output in Austria’s Construction Industry
Output of construction of buildings and civil engineering decreasing by 8.6% in January and February 2011. Increase in volume of orders in construction of buildings cannot compensate for decline in civil engineering at the end of February 2011.
May 30, 2011
C.A.T. oil: Results Influenced by Diversification into Third Core Business
The Lower-Austrian provider of oil and gas field services registered a net loss of € 1m due to high tax expense. Revenues increased by 29.4% yoy to € 61m.
May 30, 2011
Alpine Lands Pipeline Project in Czech Republic
The Austrian construction company is going to build 105.8 km of a new gas pipeline. The contract value is € 76.7m.
May 26, 2011
Mixed Quarterly Results for KTM
The Austrian motorcycle manufacturer reported significantly higher sales in the first three months of the year. EBIT, however, decreased by 78% year-on-year.
May 25, 2011
Alpine to Build Motorway in Romania
The Austrian construction company is going to build a motorway section for € 91m within a period of 22 months.
May 24, 2011
Rosenbauer Slightly Below Expectations
The Austrian company manufacturing fire fighting vehicles reported revenues of € 107.3m in the first quarter of 2011. Analysts expected € 108.5m.
May 24, 2011
Strabag Takes Majority Stake in Project Companies for Offshore Wind Power Plants
The Austrian construction company acquires a 51% interest in a project portfolio with possible 850 locations in the German North Sea.
May 23, 2011
FACC: New Production Plant in China
The Austrian aircraft component manufacturer is planning the construction of a new site and considering going public soon.
May 23, 2011
Austrian Cement Industry: Further Decline in Production
Total cement production is 20% lower than in 2008. A reversal of the trend is expected for 2012.
May 19, 2011
Borealis Records Strong Results in the First Quarter
The Austrian chemical company achieved a net profit of € 174m, an increase of € 120m. Both the Polyolefins and Base Chemicals businesses improved versus last year's results.
May 19, 2011
Sales Decline for Bene in the Financial Year 2010/11
The Austrian office furniture company reported a sales drop of 4.7% for the last year. EBIT improved from € -14.0m to € -8.2m.
May 19, 2011
Binder+Co Starts 2011 with Strong First Quarter Growth
The Austrian machine and plant manufacturer began the 2011 financial year in a successful manner. Company sales revenues were some 44% higher at € 17.34m, EBIT more than trebled to € 1.10m.
May 18, 2011
Strong Growth Rates for Schoeller-Bleckmann
The Austrian oilfield equipment company recorded strong results in the first quarter. Sales went up by 81.8%, EBIT quadrupled to € 20m.
May 18, 2011
RWA: Strong Results in 2010
The Austrian conglomerate achieved double-digit growth rates of revenues and earnings. The positive trend continues in 2011.
May 17, 2011
Major Contract for FMW
The Austrian industrial plant manufacturer wins a contract worth € 80m with one of Russia’s leading mining and metallurgical companies. Revenue already doubled to € 65m last year.
May 16, 2011
Pankl Announces Earnings and Sales Growth
Pankl Racing Systems AG records a 13.6% increase in revenues. EBIT improved by 40% from € 2.5m to € 3.5m.
May 16, 2011
voestalpine: Eder Threatens to Withdraw from Austria
The voestalpine steel company has to struggle already massively with the EU’s climate change protection objectives, said Eder. They should not be increased further.
May 14, 2011
Growing Sales at Wiesner-Hager Furniture
Wiesner-Hager, the Austrian office furniture specialists succeeded in completing the business year 2010/11 with growths both in sales and profits.
May 14, 2011
Fast News Search
This category only
