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Vienna International Industrial Company News
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
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
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
RHI: US Proceedings Completed
Chapter 11 proceedings of the US companies deconsolidated in 2001 completed
May 2, 2013
Germany: Upgrade and Expansion at Zumtobel Plant in Usingen
Lighting manufacturer invests 1.2 million euros in energy concept and factory hall expansion. Annual energy savings of approx. 25 per cent. EU Green Building certification applied for.
May 2, 2013
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