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Vienna International Industrial Company News
Read the latest headlines about Austrian industries
€ 110m Bond Issue at Agrana
The Austrian sugar and starch manufacturer places € 110m bonded loan with maturities of five, seven and ten years.
April 24, 2012
Mayr-Melnhof: Dispute in the UK Escalates
After the British site of the Austrian packaging company was shut down in February, the British trade union Unite attacks Mayr-Melnhof sharply.
April 23, 2012
Agrana Aims for Expansion into Balkan Region
The Austrian sugar and starch company Agrana is looking for acquisition targets in the Western Balkans.
April 23, 2012
AUA Threatened by Strikes
After Austrian Airlines´ supervisory board resolved the transfer of undertakings, the Lufthansa subsidiary may face strikes.
April 21, 2012
Strabag Builds Waste Incineration Plant in Slovenia
The Austrian construction group was awarded to build an incineration plant near Ljubljana. The order volume is about € 112m.
April 21, 2012
Gorenje Not to Move to Vienna
The Slovenian producer of household appliances was said to move to Vienna. CEO Franjo Bobinac declines the rumors.
April 20, 2012
RHI to Cut Costs
The Vienna-listed manufacturer of fire-proof products starts a cost-cutting program. CEO Struzl pushes for more efficiency.
April 20, 2012
Siemens Austria and Verbund to Establish Electric Mobility Provider
The technology and electricity company found a joint venture in order to serve and develop the Austrian electric mobility market.
April 20, 2012
Rosenbauer Reports Decline in Revenue and Profit
The Austrian producer of fire-fighting equipment announced its results for 2011. Revenues decreased by 9.0%, net profit fell by 20%. Orders went up substantially.
April 20, 2012
Lenzing Resolves to Increase Dividends Substantially
The Ordinary Shareholders´ Meeting of Lenzing AG resolved to distribute a dividend of € 2.50 per share for the 2011 fiscal year (compared to € 1.55 per share for the previous fiscal year).
April 19, 2012
Gorenje Considers Setting Up Headquarters in Vienna
The Slovenian producer of household appliances is said to move to Vienna. The company does not comment this information.
April 19, 2012
KTM Corporate Bond “Very Popular”
The bond volume of € 85m was more than double oversubscribed within two hours. Especially Austrian private investors were interested.
April 19, 2012
Major Order at Andritz by Mondi Austria
International technology Group Andritz has been selected by Mondi Group to supply a 1,200 tds/d recovery boiler for Mondi Frantschach at its mill in Carinthia.
April 19, 2012
Alpine: Best Bidder in Slovakia
The Austrian construction company has good prospects to receive a major contract in Slovakia. The contract volume is € 126.3m.
April 18, 2012
Chemical Industry: Workers Want 5.8% Wage Increase
The Austrian chemical industry negotiates the collective agreements. Before the third negotiation round started, the workers put pressure on the employer side.
April 18, 2012
Bad Prospects for Austrian Paper Industry
In 2011, production of the Austrian paper industry declined by 2.2%. In 2012, there is no reason to be optimistic, the industry says.
April 18, 2012
Moderate Growth at Wintersteiger
In 2011, the Austrian machine manufacturer could raise revenues by 9.0% to € 101.8m.
April 14, 2012
Romania´s Authorites Check Alpine and Strabag
The two Austrian construction companies are suspected to have participated in three price arrangements. The order volume is € 190m.
April 14, 2012
Kapsch: Critique by Czech Republic
The toll collection system in the Czech Republic is more expensive in Austria or Germany, the Czech audit authority alleges.
April 14, 2012
Bene Posts Rise in Earnings
In the scope of an institutional investors event, the Vienna Stock Exchange listed Bene Group publishes today a first estimate of results for the financial year 2011/12 ended on January 31, 2012.
April 14, 2012
Lenzing Expects Not to Reach Results of 2011 Again
Lenzing´s CEO Peter Untersberger presented the excellent results of the last financial year. This year, earnings will reach the level of last year only “at best”.
April 13, 2012
Wienerberger Builds Firewall Against Hostile Takeover
The Austrian brick producer plans to lower the marginal value for takeover offers to 20%.
April 13, 2012
SW Umwelttechnik Improved Earnings
The Austrian environmental technology company still records operating losses. Turnover fell considerably.
April 13, 2012
Alpine Shortlisted for Crossrail Fit-Out in UK
Austrian construction firms team up to make the shortlist for fit-out work on 52km of Crossrail tunnels. Worth GBP 400m this represents one the largest contracts on the new east-west rail link across London.
April 12, 2012
Voestalpine Indicates Significant Increase in Revenues
The Austrian steel company recorded about € 12.0bn in revenues last financial year. 25% of the revenues are based on exports apart from Europe.
April 12, 2012
Strabag to Expand in Danube Region
In order to develop the Danube region of Hungary, Serbia, Romania, Bulgaria and Ukraine, the Austrian construction group expands its hydraulic engineering business.
April 12, 2012
Frauenthal to Sell Catalyzer Segment
The Austrian supply company intends to sell the “industrial honeycomb” segment with revenues of € 80m and 350 workers.
April 11, 2012
Ruttenstorfer Enters RHI
The former OMV executive becomes supervisory board member at the Austrian RHI.
April 11, 2012
Alpine to Rebuild Railway in Macedonia
The € 7m contract to be fully financed by the European Bank for Reconstruction and Development.
April 11, 2012
Voestalpine Increases R&D Expenditure
voestalpine said it is increasing R&D expenditure to a record level of € 132m for the 2012-13 business year just begun.
April 11, 2012
Eder Ticks Off Rail Cartel
Voestalpine´s CEO Wolfgang Eder underlines the new compliance rules of voestalpine. Another participation in a cartel would be “impossible”.
April 7, 2012
„Power Struggle“: Red Bull Declines Rumors
Red Bull commented that reports on an arising power struggle between the two owners are nothing else as “fanciful speculations”.
April 6, 2012
Free Float at KTM Declines
The Austrian motor-cycle manufacturer has a free float of only 2.9%. The two main shareholders are CEO Stefan Pierer and the Indian Rajiv Bajaj.
April 6, 2012
Austria Tabak Loses Market Shares
The U.S. group Philip Morris is the clear market leader in Austria´s tobacco market.
April 6, 2012
Strabag Germany Cancels Profit Warning
In November, the German subsidiary of the Austrian construction company published a profit warning. Now, the initial expectations were recovered.
April 6, 2012
FACC Enhances Revenues Massively.
The Austrian plane component supplier FACC could raise revenues by 31%.
April 5, 2012
EU Approved Joint Venture between Agrana and Ybbstaler
The EU Commission granted Agrana and RWA Raiffeisen Ware Austria the green light for the merger of their fruit juice concentrates subsidiaries.
April 5, 2012
Power Struggle at Red Bull?
After the death of the inventor of Thai-Austrian energy drink, a power struggle between Mateschitz and the new majority owner may arise.
April 4, 2012
Go-Ahead for Joint Venture Between Agrana and RWA.
EU Commission approves joint venture between the two Austrian food companies Agrana Juice Holding GmbH and Ybbstaler Fruit Austria GmbH (RWA).
April 4, 2012
„Steel Industry Needs Market Adjustment“
Wolfgang Eder, CEO of the Austrian steel company voestalpine, sees massive overcapacities in the European steel Industry. Eder reaffirmed his warning to leave Austria.
April 4, 2012
Polytec Posts Significant Improvement of Earnings
Sales and Earnings performed as expected. Earnings per share reach € 1.54, a dividend per share of € 0.35 is proposed.
April 4, 2012
Polytec: Declining Revenues, but Rising Earnings Expected
Tomorrow, Wednesday, the Austrian automotive component supplier presents its results of 2011. Analysts anticipate a significant increase in earnings.
April 3, 2012
Frauenthal Expands into Slovakia
The Austrian conglomerate acquires a Slovak sanitary retailer. The automotive segment recovers, CEO Moser says.
April 2, 2012
British Mayr-Melnhof Factory Occupied
The Liverpool-based site of the Austrian packaging company Mayr-Melnhof will be closed. Workers occupy the factory in order to prevent the shutdown.
April 2, 2012
Bajaj Increases Stake in KTM
The Indian Investor Rajiv Bajaj now holds a 44.3% share in the Austrian motor-cycle manufacturer.
April 2, 2012
Construction Industry: Small Rise in Output, Good Prospects
The Austrian construction industry recorded an increase in volume of orders by 10.2% at the end of December 2011. Output of construction of buildings and civil engineering rose by 2.9% from January to December 2011.
March 30, 2012
Pröll Declines Konrad´s Succession
Josef Pröll, former Austrian Minister of Finance, excludes rumors about the succession of RZB´s chairman Christian Konrad.
March 30, 2012
Andritz Acquires U.S. Bricmont Inc.
The Austrian technology Group Andritz has acquired Bricmont Inc. from Inductotherm Group. Bricmont is headquartered in Pittsburgh, Pennsylvania, USA, and includes certain assets in China and India.
March 30, 2012
Mayr-Melnhof Closes Liverpool Plant
The Austrian packaging company today announced that it is to close its packaging plant in Liverpool.
March 29, 2012
Andritz Receives Order from ThyssenKrupp
The Austrian technology group is awarded to supply equipment for stainless steel production to ThyssenKrupp Nirosta, Germany.
March 29, 2012
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