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