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Vienna International Industrial Company News

Industry: Good Prospects for 2011

The general optimism in the industry leads to the expansion of production and more personnel recruiting.

October 28, 2010

STRABAG Builds the Koralm Tunnel

The controversial project will be built by the construction group Strabag. The total investment amounts to around 600 million euro.

October 28, 2010

A-Tec Restructuring: Kovats Hands Over 25.1%

The banks inject new money into the insolvent company; Kovats has no longer the majority. If restructuring fails, the banks have realization authority.

October 28, 2010

A-Tec: Will 100 Million be Given Up by the Creditors?

The creditors' committee deliberates today on how the company will continue existing. Mirko Kovats, founder and CEO of the company, wants to make a "substantial contribution" to the issue.

October 27, 2010

Deripaska Again at Strabag

After Deripaska’s decision, and successful talks with Strabag boss Haselsteiner, the Russian oligarch is a partner in the construction group again.

October 25, 2010

A-Tec Creditors: Minimum Rate Too Low

While an early agreement with the banks seems imminent, the legal minimum quota offered to the creditors of the insolvent A-Tec group is not enough. Staff’s resentment is also being felt.

October 22, 2010

KTM is Back Again

With a surprisingly positive quarterly result, the motorcycle manufacturer KTM shows its old strength. All expectations have been exceeded.

October 22, 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

Wienerberger: Slow Upwards Trend Again

The process is still slow, but the Group is able to participate immediately in the recovery with its existing capacity.

October 21, 2010

A-Tec Offers a 30% Quota

CEO Kovats is trying to rehabilitate his insolvent company with the help of creditors.

October 21, 2010

The Next Acquisition: STRABAG Buys Gaul-Group

The German Gaul-group, a regional market leader for construction materials, has been bought by STRABAG for strategic reasons.

October 20, 2010

Bond Refinancing Collapsed: A-Tec Starts Insolvency Proceedings

After several problems with the refinancing of its corporate bond, A-Tec decides to start a restructuring.

October 20, 2010

Wienerberger Signs Agreement to Acquire Steinzeug Abwassersysteme

Planned acquisition of worldwide market leader and Europe’s largest producer of clay pipe systems

October 20, 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 Wins Major Contract for Project in England

A project in Australia is currently bringing A-Tec financial problems. A new project, however, offers prospects of success.

October 19, 2010

A-Tec CEO Kovats: Refunding After 2nd November Possible

“There will be a solution.” Discussions with investors continue.

October 18, 2010

MAGNA: Still No Battery Plant in Burgenland

All efforts towards the establishment of the plant seem in vain so far, although the prospects for success seemed quite good recently.

October 18, 2010

Strabag Expands its Competence in Bridge Building – New Order in Poland

Strabag SE, a large construction company in Central and Eastern Europe, signed an agreement to build a new bridge complex in Toruń, Poland.

October 18, 2010

Magna-Steyr Member of the Board Apfalter becomes Europe Boss of the Magna Group

Apfalter stays on as Magna-Steyr CEO; Eibeck, as Europe Vice-President, is responsible for the Russian market

October 15, 2010

Production of BMW X3 Shifts From Styria to USA

In Graz, where the BMW X3 has been manufactured until now, production will focus on Minis.

October 14, 2010

Strabag renews € 2 billion syndicated surety loan

Strabag SE has concluded the renewal of a syndicated surety loan (SynLoan) with a consortium of 17 international banks led by Deutsche Bank and Raiffeisen Bank International (RBI).

October 13, 2010

Post and Bawag Join Branches

BAWAG PSK and the Post have agreed to work together more closely. BAWAG branches and larger post offices will offer in future both postal and banking services.

October 13, 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

Slovakia: Changes in Automobile Production Trend

Manufacturers operating in Slovakia invest again. Total production in 2010 may reach over half a million vehicles. An opportunity for foreign suppliers.

October 12, 2010

Manufacturer of Fine Glass Villiglas Strengthens Management

Visionary and heir of billions Philipp D.Merckle takes Joseph Lindenberg and Manfred Pesek into the management of the fine glass manufacturing company.

October 11, 2010

Chip Manufacturer Infineon: Revalorization of the Development Center Graz

The German chip maker based in Villach is bundling competencies. All future research on tire pressure sensors will be made at the Infineon Development Center Graz with 250 employees.

October 8, 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

Zumtobel Closes Loss-Making Plant Space Cannon in Italy

Zumtobel, the shareholder of the company Space Cannon VH SRL, based in Fubine (Piedmont), a specialist in façade and event lighting and a member of the Zumtobel Group, has filed for liquidation.

October 7, 2010

Zumtobel Opened Light Center in Shanghai

More than 120 architects, designers and business partners enjoyed the Zumtobel opening gala for the new Light Center in Shanghai.

October 7, 2010

RHI Is Considering Raising Capital

The refractories manufacturer RHI wants to continue growing, and will need between 400 and 500 million euro for its expansion plans, the new boss of the group, Henning Jensen, said at the "Q-Check" experts forum.

October 6, 2010

AVL Opens Battery-Testing Lab in Shanghai

With the opening of its battery laboratory at AVL Shanghai Tech Center in China, the company has taken a further visible step on the path toward powertrain electrification in the area of battery development.

October 6, 2010

Schoeller-Bleckmann Acquired Dubai Based Special Tools Provider

Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX market of the Vienna Stock Exchange, has successfully completed acquisition of Drilling Systems International Ltd. (DSI).

October 5, 2010

Hypo Alpe-Adria: 25% of the Slovenian Merkur DIY Chain Put Up for Sale

Hypo Alpe-Adria-Bank International has put up for sale a 25% share of Merkur, the insolvent Slovenian DIY and home improvement products chain, in the daily newspaper "Delo”

October 5, 2010

Alpine: New 140 Million Euro Motorway Contract in Poland

The construction company from Salzburg is to build an 18-kilometer motorway section for almost 140 million euro.

October 5, 2010

Skylink: Position on the Report of the Audit Court

The contents of the Rechnungshof (Audit Court, RH) report is said to be prejudicial; the Airport Board will submit its opinion today.

October 4, 2010

Kapsch TrafficCom: Polish 1.24 Billion Euro Contract for Truck and Bus Toll System

The company listed in the Vienna Stock Exchange will build up the entire toll system for trucks and buses weighing over 3.5 tons on Poland's roads for July 2011.

October 4, 2010

FACC Grows and Hires

The aircraft supplier FACC, since recently Chinese property, plans to grow further this year. In order to do this, the company needs 150 new employees.

October 1, 2010

Baur: Sales Growth and Eastward Look.

Baur Prüf- und Messtechnik reported a moderate growth in sales during the crisis year. Now the company wants to continue growing abroad.

October 1, 2010

Bogner Edelstahl Continues to Grow

Austrian stainless steel specialist Bogner is pursuing an ambitious expansion plan in spite of the sales drop.

September 30, 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

Rehau invests EUR 2 million into office centre in Guntramsdorf

Polymer producer Rehau is to invest more than EUR 2 million into the modernisation of its Austrian office centre in Guntramsdorf, near Vienna.

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

Deripaska: Back to Austria as Strabag Shareholder?

In 2 weeks, on October 15, the deadline expires for Oleg Deripaska to re-purchase his 25% share of the domestic construction company Strabag for about half a billion euro.

September 29, 2010

Magna: Rapprochement to Opel through Astra-order

Magna will take over the development of a new Opel Astra model. Just a year ago, Magna attempted to acquire the whole German GM subsidiary, but the takeover was aborted by General Motors.

September 29, 2010

Insolvencies: Declining Trend for Both Companies and Individuals

KSV expects 10% less insolvencies for 2010, but warns about the consequences of fiscal budget adjustment.

September 28, 2010

A-Tec - Franz Fehringer appointed as CFO

Franz Fehringer, head of the Treasury and Accounts Department, and a member of the management team, has been appointed as the group´s Chief Financial Officer.

September 27, 2010

Oerlikon: Acquittal for Stumpf, Vekselberg, Pecik

In the case of Oerlikon, the Swiss Federal Criminal Court acquitted investors Viktor Vekselberg, Georg Stumpf and Ronny Pecik from the charge of violating the Exchange Act in the case of OC Oerlikon.

September 24, 2010