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


UIAG to Take Over 40% of Mbi-Group for EUR 8 Million

Investments firm UIAG agreed to take over 40 percent in industrial machining manufacturing company mbi-group Beteiligung GmbH, parent of machine maker Anger Machining, for EUR 8 million in capital hike and funds, UIAG said.
July 2, 2014


Siegfried Wolf New OIAG Supervisory Board Chairman

OIAG's supervisory board has appointed Siegfried Wolf as the new Chairman of the supervisory board.
June 27, 2014


Austrian Export Award 2014 for Above-Average Export Commitment

As part of a festive gala evening in Vienna's Museumsquartier, the Austrian Export Prize 2014 has been awarded by the Federal Minister for Science, Research and Economics, Reinhold Mitterlehner, and the President of the Economic Chamber Austria (WKO) Christoph Leitl.
June 26, 2014


Voestalpine Plans Further Acquisitions

In an interview with the Financial Times, Voestalpine CEO Wolfgang Eder confirms his ambition to grow through acquisitions and to double its revenue by acquiring suitable targets in the special steel division in China and North America.
June 16, 2014


Deripaska to Raise his Stake in Strabag to 25%

Russian oligarch Oleg Deripaska plans to raise his stake in construction company Strabag to 25% from 19.4%.
June 12, 2014


S&T Buys 48% Stake of Russia's Affair OOO for EUR 5.87 Million

By acquiring a huge stake in the Russian energy and software development company, Linz based S&T AG substantially expands its appliances segment and smart energy portfolio. Affair OOO group employs 600 employees; its annual revenues amount to EUR 70 million. S&T's consolidated revenue is set to rise in 2015 to EUR 440 million.
June 6, 2014


Semperit AG Holding: High Ethical and Social Standards at Sempermed in Thailand

The Semperit Group is committed to high ethical and social standards as well as good working conditions for all its employees around the world. An independent audit carried out to verify adherence to the Code of Conduct of the Business Social Compliance Initiative (BSCI) shows that this also applies to the Siam Sempermed glove production facilities in Hatyai, Thailand.
June 6, 2014


BSH Vienna is Partially Taken Over by German BSH Group

With the goal of strengthening its international market presence, the TROX Group acquired parts of BSH Group.
May 31, 2014


High Potential for Austrian Investments in Moldova

Austria is one of the most active countries in the CESEE region ranking first in foreign direct investments (FDI) in many countries.
May 22, 2014 · Updated: May 22, 2014; 13:05


Austrian Prinzhorn Holding to Invest Massively in Hungary

Prinzhorn Holding will build its own power plant in Hungary to supply its paper factory in Dunaujvaros.
May 21, 2014


voestalpine to Invest Further in China

Listed Austrian steel producer voestalpine opened another business location in China.
May 14, 2014


Nexans to Build Plant in Bulgaria

According to the Bulgarian Economy Ministry, French cable car constructor Nexans will establish a plant employing 600 persons.
May 12, 2014


Amazon Gets New Warehouse in the Czech Republic

US-based online retailer Amazon will get a warehouse in the EIA informationsystem in the Černovická terasa industrial zone in Brno.
May 12, 2014


Croatian Brodosplit Landed Important Contract

The Croatian ship manufacturing company Brodosplit has signed a contract with Germany’s Kranunion.
May 12, 2014


CEE: Surge in Sales for French Lafarge

The French building material group Lafarge saw a strong increase in sales in Romania and Eastern Europe in general.
May 9, 2014


Fiat Intensifies Investments in Poland

As reported by Polish daily Puls Biznescu, Italian automotive manufacturer Fiat plans on lauching the production of a new series, similar to the so-called Punto.
May 9, 2014


Michelin to Downsize in Hungary

French tyre producer Michelin announced to shut down ist tyre plant in Budapest and relocate to Romania.
May 9, 2014


Austria: Mitsubishi Takes Over Majority Stake in Siemens‘ VAI

The industrial systems subsidiary of Siemens, VAI with the business location in Linz, is sold to Japanese competitor Mitsubishi Heavy Industries (MHI).
May 7, 2014


Pewag Striving for Larger Market Share in US

The Austrian snow chain manufacturer appreciates the label “Made in USA”.
May 6, 2014


“US Rolls Out Red Carpet for Austrian Industrial Enterprises”

Potential Austrian investors are attracted with many incentives such as low energy costs, few bureaucratical hurdles and excellent infrastructure.
May 5, 2014 · Updated: May 6, 2014; 13:25


Federation of Industries: “Industrial Compact“ for European Competitiveness

The Austrian Federation of Industries (IV) considers the EU entry of Austria as the basis of prosperty and economic growth in the past years. However, now reforms are required to catch up to a global level.
May 5, 2014


Majority of Czech Entrepreneurs Want Euro

According to a survey, more than three quarters of Czech entrepreneurs are in favor of the country adopting the Euro.
April 30, 2014


Austria: Industrial Production with Growth Potential

Austrian industry continues to grow - but somewhat less dynamically than at the turn of the year.
April 30, 2014


Do Taxes Justify a Relocation of Business?

Tax sensitive business operations should be relocated to other areas if necessary, according to the head of Erste Bank Austria.
April 24, 2014


Eder: Policy-Makers Have to Make Decisions

Wolfgang Eder, CEO of Austrian steel manufacturer voestalpine, claims not to have heard anything from the Austrian policy makers after he raised criticizm with regard to the Austrian business location.
April 24, 2014


Austria: Calls for Reduction of Bureaucracy Become Louder

Bureaucratic hurdles burden the Austrian enterprises the most apart from taxes and other levies.
April 23, 2014


Eder: Austrian Industrial Location Not Attractive Anymore

Austria may lose one of its most important industrial flagships. Wolgang Eder, CEO of the Vienna-listed steel manufacturer voestalpine threatens to leave Austria.
April 18, 2014


Industrial Location Austria Losing Attractiveness

Among other things, labor costs and energy prices are too high, according to the Austrian Federation of Industries.
April 16, 2014


Serbia: Effective Measures for Economy

The Serbian Chamber of Commerce considers the measures for economic growth “a very big thing”.
April 7, 2014


Austria: Dispute about Hypo Credit to Alpine

The granting of a loan to Alpine Bau, which went bankrupt soon afterwards, in the amount of € 25m by Austrian problem bank Hypo Group Alpe Adria has become an issue of the Austrian prosecution.
March 31, 2014


Austria: Industrial Production Loses Momentum

Austrian industry loses some momentum after strong growth at the start of the year.
March 28, 2014


Hungary: Orban Striving to Become PM Again

In an attempt to gain another four years as head of the government Hungarian Prime Minister Viktor Orban praises the country’s achievements in the past years since his Fidesz party came into power.
March 26, 2014


Serbia: Share of NPL Increases Dramatically

The share of bad loans in Serbia has increased to 21.3 percent.
March 6, 2014


Austria: Solid Growth and Recovery in Industrial Industry

Austria’s industrial recovery continues.
March 3, 2014


“Polish Economy at Crossroads“

In an interview with Austrian daily “WirtschaftsBlatt“, Ryszard Petru, chairman of the Society of Policy Economists, sees high chances for the Polish economy; however, only if the country knows how to support innovation.
February 21, 2014


Austria: Economic Upturn Still in Standby-Mode

According to the analysis of the economic indicator of Bank Austria, there is moderate growth and hope for the first quarter in 2014.
February 17, 2014


Austria: Economic Growth Accelerates

In the fourth quarter in 2013 GDP increased by 0.3 percent compared to the previous quarter and by 0.9 percent year-on-year.
February 14, 2014


Poland: Economic Growth to Speed Up

According to the Economy Ministry’s forecast, economic growth is supposed to come at 3 percent of GDP year-on-year this year. Inflation, on the other, is expected to come at 2 percent.
February 10, 2014


Austrian Industrial Sector only Sees Weak Recovery

The Federation of Austrian Industries (IV) warns about a fragile economic recovery.
January 30, 2014


London Roadshow with Austrian Companies

Austrian Companies with Erste Group and the Vienna Stock Exchange on Road Show to London
January 27, 2014


Austria: OeNB Forecasts Modest Economic Growth

According to the Austrian National Bank (OeNB) economic growth in Austria only came at 0.3 percent last year.
January 24, 2014


Austrian State Sues Six Banks

The Republic of Austria filed lawsuits against six lending banks of bankrupt construction enterprise Alpine.
January 17, 2014


Austria: VIG to Sell Stakes in Porr

Listed Vienna Insurance Grop (VIG) downsizes its stake in Austrian construction company Porr, which is also listed at the Vienna Stock Exchange.
January 9, 2014


Slovenia: Calls for Reforms Become Louder

The Slovenian Chamber of Commerce (GZS) calls upon the government to accelerate the realization of reforms to boost economic growth.
January 8, 2014


Serbia: One of Fastest Growing Economies

Last year Serbia was among the ten fastest growing economies in Europe, as pointed out by Deputy Prime Minister Aleksandar Vucic.
January 8, 2014


Erste Group and Bank Austria Face Lawsuits

Two Austrian lending banks are involved both as plaintiffs and as defendants in bankrupt construction company Alpine’s court trials.
January 2, 2014


Austria: Kapsch Delivers Warning to Policy-Makers

Georg Kapsch, President of the Federation of Austrian Industries (IV), is very cautious about economic growth in Austria and warns the policy-makers of a budget consolidation on the basis of expectations of growth.
December 27, 2013


Austria: Industrial Output Shrinks

In October the industrial production in Austria declined.
December 23, 2013


Czech Republic: Economic Sentiment Rises

As published by the Czech Statistical Office (CSU), the Czech economic sentiment indicator rose by one point to 5.5 points compared to November.
December 20, 2013


Ten Capital Market Themes for 2014 by Raiffeisenbank

Leading indicators show a recovery of global growth.
December 11, 2013