Read the latest headlines about Austrian industries
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Vienna International Industrial Company News

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

Linz Textil Announces Q1-Q3 2010 Results

The textile group was able to attain a sales increase of 20% and also a significant increase in earnings.

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

A-Tec: New Hopes with Ronny Pecik?

Pecik, a former associate of Kovats might get again into A-Tec. Several years ago, the investors separated because of differences.

November 17, 2010

AE&E: Staff asks for continuity concept

The staff of A-Tec's subsidiary AE&E (Austrian Energy & Environment) call on the negotiators in the restructuring process to ensure continuity.

November 17, 2010

GPA: Private Employees Receive 2.2% Salary Increase.

Bigger salaries in trade, crafts and consulting: the negotiators consider this to be a "reasonable result".

November 17, 2010

Strabag: Takeover of h s energieanlagen Austria

STRABAG SE increases its stake in h s energieanlagen Austria from 43 percent to 100 percent in order to enlarge fluidised bed technology for energy production.

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

AE & E: No Agreement on Sale Talks

No agreement could be reached with the interested party from Hong Kong. The search for a buyer is under intense pressure of time.

November 16, 2010

Procurement: Economy Welcomes Extension

Economic Chamber President Christoph Leitl welcomes the planned extension of the threshold values regulation by one year as an important growth impulse

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

A-Tec Subsidiary: Negotiations with Banks have Failed

The Kreditorenschutzverband (KSV, Creditors Protection Association) has confirmed that negotiations have failed. The Styrian AE&E is to be sold.

November 15, 2010

AE&E: New Details on Negotiations

Negotiations over the troubled A-Tec's subsidiary AE&E continue, but they get an unexpected sideshow.

November 12, 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

Porr Group: Slight Decline in Sales, Cautious Positive Outlook

The Porr Group’s development against the background of the economic crisis is relatively stable. The CEE region is still below expectations.

November 12, 2010

Carinthia: Industry Faces Stagnation

Despite recent positive economic data, Carinthian industrial firms are less confident. For the coming year, a stagnation in production and in profits is expected.

November 11, 2010

Pankl Announces Results for 2009/10

The Styrian company Pankl Racing Systems AG presented its preliminary results for the 12-Month period in fiscal year 2009/10. Revenues grew by 20.5 percent in Q4.

November 11, 2010

Strabag: Major Contract in Romania for 220 Million Euro

A consortium led by Austria's Strabag has won a contract to build a Romanian motorway for 220.6 million euro.

November 11, 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

Strabag SE With Optimistic Outlook for 2011 and 2012

The building company expects its output volume in 2011 to amount to € 13.5bn, the EBIT in 2011 is estimated to account for € 295m.

November 10, 2010

Construction Costs: Continuous Upward Trend

Just as previously, construction prices continue rising in Austria. There is no end in sight for the upwards trend.

November 10, 2010

voestalpine: Major project shelved in Styria

voestalpine’s project was to build an ore pellet plant at the Styrian town of Eisenerz. The project is not being talked about anymore.

November 10, 2010

Traffic Result of AUA for October: Significant Passenger Growth

Austrian Airlines transported 16.5 percent more passengers in scheduled service than in same month last year. Load factor in October rises to 81 percent.

November 9, 2010

Fast Growth in Temporary Employment

The demand for temporary workers has increased strongly on the Austrian labor market strong, reaching almost the level before the economic crisis.

November 9, 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

A-Tec: No Agreement Yet

According to the boss of the Kreditorenschutzverbandes (KSV, Creditor Protection Association), Hans-Georg Kantner, there will still be no solution on today Monday. Negotiations are still underway.

November 8, 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

Strabag Intensifies Russian Business

Deripaska´s Rasperia repurchases 17 percent of STRABAG. In addition, Strabag acquires a 26 % stake in Russian construction company and signs a € 350 million contract.

November 8, 2010

Magna: Significant Increase in Sales and Earnings

Magna International Inc. today reported financial results for nine months ended September 30, 2010.

November 5, 2010

Strabag: Time is Running Out for Deripaska

The re-entry of Deripaska into the largest Austrian construction group is to be fixed still this weekend. His comeback has been expected for several weeks.

November 5, 2010

A-Tec: Compromise Between Banks and Creditors

The creditors of the ailing industrial group A-Tec have been able to reach a compromise with the banks to provide further financing for the Group.

November 5, 2010

Semperit AG Holding production in Thailand affected by flooding

Monsoon rains interrupt the production in Semperit´s facilities in Thailand. The local infrastructure is strongly affected.

November 5, 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

Industry: Recovery Dynamics are Leveling Off

IV’s (Federation of Austrian Industries) economic barometer shows minor increases; there is a gradual return to normal capacity. Only a small momentum is to be expected in employment and earnings growth.

November 4, 2010

Polytec: Withdrawal of RLB Oberösterreich?

According to market information, the Raiffeisen Landesbank Oberösterreich (Upper Austria) will separate from the auto supplier, who was badly hit by the crisis, but is writing black figures again.

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

Polytec Group Continues Upward Trend

The Upper-Austrian automotive component supplier is able to record rising earnings also in Q3 2010.

November 3, 2010

Strabag and Alpine Suspected of Cartelization

Damages for 2 billion euro (2.8 billion dollars) are said to be the result of forming a construction cartel for motorway construction in Slovenia.

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

Strabag CEO Haselsteiner: Koralmtunnel Has To Be Built

Haselsteiner reacts sharply to criticism of the construction of the Koralm tunnel. He sees the infrastructure measure as economically sensible.

November 2, 2010

A-Tec: Financing Only Secured Until January

The plan of the creditors' committee was rejected. The Banks are consulting with each other for the financing of the ailing A-Tec group, after which the creditors’ committee will present a new proposal to the credit institutions.

November 2, 2010

A-Tec: Banks Working on Counter-Proposal

After the fruitless negotiations, the banks plan to draw up a counterproposal. In addition, a British investor is showing interest in joining.

October 30, 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

Kovats in Distress: Rescue Package Must Stand Firm by Monday

The coming days are of utmost relevance for Mirko Kovats’s insolvent A-Tec Group. The rescue package must be ready by Monday.

October 29, 2010

Wienerberger Plans Full Takeover of Semmelrock International

The purchase of the remaining 25% stake in Semmelrock International has been announced today. Wienerberger regards the acquisition as a “logical step”.

October 29, 2010