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

Alpine Facing Bankruptcy

The restructuring of Austria’s second biggest construction company Alpine has failed. The enterprise therefore has to face bankruptcy.

June 19, 2013

Poland: Deputy Transport Minister Dismissed

Former Deputy Transport Minister alleged of corruption. Austrian construction company Alpine involved.

June 18, 2013

Siemens VAI Lands Major Contract in China

Tangshan orders cold rolling complex from Siemens.

June 18, 2013

Alpine: Bondholders to Lose Assets

On Monday evening the decision was made for the financial reorganization of the Austrian construction company.

June 18, 2013

Bankruptcy Case Mayr-Melnhof in Switzerland

In Domat/Ems, Switzerland’s biggest sawmill was supposed to be operated. The only thing left now, however, is a financial hole running in the millions. Erste Group is concerned by losses as well.

June 17, 2013

Strabag: Haselsteiner to Leave as CEO

Russia will not surpass Germany as the most important market, the outgoing CEO explains. He expresses his disappointment in the market.

June 14, 2013

Austria: Highwater Damages Higher Than in 2002

A surface of 22,000 hectars was flooded in Austria. The Chamber of Agriculture estimates damages to be highter than during the last major flood in 2002.

June 14, 2013

Slovenia: Mercator to be Finally Sold

It is the ninth sale attempt for Slovenian trade chain Mercator today, but it could be finally sealed. Croatian corporation Agrokor is the interested party. A dozen owners will decide about the retail chain’s fate.

June 14, 2013

Alpine Can Take A Breather

Alpine’s liabilities amount to € 450m. Spanish parent company FCC is supposed to provide a capital injection of € 150m.

June 13, 2013

Dispute About Tender for Orient Express

The Orient Express once led through Romania. These days, this section is cause for legal disputes in connection with the tender in the amount of € 330m.

June 13, 2013

Bulgaria: Sofia One Of Best European Destination for Manufacturing

The Bulgarian capital Sofia was labeled as one of the best destinations for opening a manufacturing plant in Europe.

June 13, 2013

Alpine’s Fate Hanging By A Thread

The fate of Austrian construction company Alpine is hanging by a thread. If negotiations fail Alpine has to face its ruin.

June 13, 2013

AMAG to Provide Aluminium for Airbus

Listed aluminium manufacturer AMAG received a major order by defence and aerospace company EADS.

June 13, 2013

EU Commission to Support Steel Industry

EU Commissioner for Industry Antonio Tajani has presented the annouced steel action plan.

June 12, 2013

Agrana to Open New Wheat Starch Plant

Agrana opens wheat starch plant at site in Pischelsdorf | Lower Austria

June 12, 2013

Marihart President of CEFS

CEO Johann Marihart elected President of the European Association of Sugar Producers (CEFS) for a further three years.

June 12, 2013

Austria: Wienerberger Alarmed About Shrinking Residential Building

Building material group Wienerberger is alarmed about the declining figure in residential building even though the market is significantly undersupplied with affordable housing space.

June 12, 2013

Milestone for PORR - PORR Signs Largest Order in Company’s History

Underground rail construction in Qatar: PORR signs largest order in company’s history Order backlog rockets to record level of around EUR 4.5bn

June 12, 2013

Mayer-Melnhof Expands to Norway

MM Karton expands raw material supply for cartonboard production.

June 11, 2013

Major Contract for Andritz in Switzerland

Andritz to modernize Innertkirchen 1 and Handeck 2 hydropower stations, Switzerland

June 11, 2013

Siemens VAI to Modernize Ukrainian Steel Plant

The signing of a major contract in Ukraine for Upper-Austrian industrial plant construction company Siemens VAI is in its final steps.

June 10, 2013

Strabag: Doubts About Joint Venture in Russia

The Austrian Construction Company Strabag doubts that a joint venture in Russia will take place.

June 10, 2013

Austria: Alpine to Require More Funding

Selling of affiliates will be postponed.

June 7, 2013

Czech Republic: Dumping Offers for Building of Highway

Major construction companies screw down prices for the building of a highway segment from Linz to Prague.

June 3, 2013

Voestalpine to Take Over Trafilerie di Cittadella S.p.a

Voestalpine extends its welding technologies product portfolio with an acquisition in Italy.

June 3, 2013

Zagreb: In-depth Analysis of SEE Infrastructure Development Plans

Many countries of Southeast Europe are outlining ambitious infrastructure development plans within transport, social, energy and environmental projects.

June 1, 2013

Kapsch Completes Successful Trial of EETS In Poland

Landmark moment for harmonization of European road networks.

May 27, 2013

Russia As Big Disappointment for Strabag-CEO

Austrian construction company Strabag has hoped to have gained substantial foodhold in the Russian market by now.

May 27, 2013

Siemens to Cut 1,000 Jobs in Austria?

No official figures were disclosed. However, there are “programs”, which have to be negotiated with employees, according to a spokesman.

May 24, 2013

FCC Wants Guggenheim Partners As Financial Ally

With debts having amounted to more than € 8bn, Spanish parent company of Alpine is now looking for potential financial partners.

May 24, 2013

Voestalpine Intends to Boost Business in Germany

The Upper-Austrian steel manufacturer voestalpine wants to significantly increase its business in Germany.

May 23, 2013

Red Bull: Austria’s Most Valuable Brand

According to the brand ranking “Brandz” by Millward Brown, Apple leads the way. Red Bull comes at 83rd rank before Pepsi and Nescafe.

May 21, 2013

Croatia: Plans For Croatian Airlines’ Bankruptcy

The Croatian government has started planning in case of its national carrier declaring bankruptcy.

May 21, 2013

Alpine Denies Bankruptcy Rumors

The Austrian construction company is to sell its affiliates. However, the expected sale earnings are disproportionate, according to experts. Spanish parent company FCC is said of not being able to raise any further aid money.

May 17, 2013

Austria: Biggest Investor in Serbia

Serbia encourages Austrian enterprises to further invest in Serbian industries.

May 16, 2013

Voestalpine Hopes for Participation in South Stream Project

CEO Eder announced the Austrian Steel Manufacturer was leading “intensive” talks with Russian energy company Gazprom.

May 16, 2013

Alpine: Dispute in Poland About to Escalate

A dispute about the construction of a bridge has intensified. The construction company Alpine has withdrawn from the contract for the building of a highway segment in Poland.

May 15, 2013

Bosnia, Serbia and Turkey to Sign Economic and Trade Agreement

Ministers for trade and economy from Ankara, Belgrade and Sarajevo agreed to improve economic relations in an effort to enhance shared trade.

May 15, 2013

Austria: EU Competition Authority to Search Agrana

The European competition authority has paid a visit to listed starch and sugar producer Agrana in April.

May 15, 2013

Strabag Subsidiary to Build Motorway in Poland

Strabag subsidiary building A4 motorway in Poland

May 14, 2013

Rosenbauer: Out of Court Settlement Reached

Rosenbauer and two other manufacturers have signed a settlement agreement with the German municipal umbrella organizations providing for out-of-court restitution in connection with the fire fighting vehicle cartel in Germany.

May 14, 2013

US Software Producer Oracle to Invest in Romania

US software producer Oracle will invest approximately € 100m in Romania

May 14, 2013

Austria: Pipelife Strengthens Wienerberger Q1 Results

Long, snowy winter leads to volume declines for Bricks & Tiles Europe. Report First Quarter 2013

May 8, 2013

EU Commission: Action Plan for Steel Industry in Europe

During his visit to Linz, EU Commissioner for Industry and Entrepreneurship Antonio Tajani announced measures for the steel industry in Europe.

May 7, 2013

FCC in the Reds Again

High Losses in first quarter for Alpine’s parent company FCC.

May 7, 2013

AMAG: Slight Decrease in Sales in Q1 2013

Sound earnings despite strong decline in aluminium price.

May 7, 2013

Magna Negates Downsizing

The Canadian-Austrian automotive component supplier Magna has rejects the alleged cut in workstaff in its plant in Graz.

May 6, 2013

Magna: Workstaff in Europe to be Reduced

According to CEO Walker the factory in Graz needs to become more efficient.

May 6, 2013

Istanbul to Receive € 22bn for World's Largest Airport

Today, a Turkish construction consortium has secured itself a record sum of around € 22bn for the contract of the construction of the world’s biggest airport in Istanbul.

May 3, 2013

CESEE: Business Climate Index Dropped in April

Enterprises in CESEE countries remain cautious for the most part.

May 2, 2013