Latest News about Other Industries

Read the latest headlines about developments in other industries in Vienna and Austria

Voestalpine Reports Increase in Earnings in 9 Months

Although the development of the global economy was very inconsistent in 2014 and, after a relatively optimistic start, was marked by an increasingly sober mood from the summer months onward, the steel-based technology and capital goods group Voestalpine reported a significant increase in earnings in the first three quarters of the business year 2014/15 (April 1 to December 31, 2014).

February 10, 2015

Andritz Signs EUR 250 Million Deal in the UK

Listed engineering group Andritz will supply equipment worth EUR 250 million for the world’s first tidal lagoon hydropower project in Swansea Bay, Wales.

February 10, 2015

Voestalpine Buys Italian Drawn Wire Producer

Voestalpine is expanding its activities in the drawn wire business segment and has completed its acquisition of Italian company Trafilerie Industriali S.p.A. based in Nervesa della Battaglia (Treviso). The acquisition of this Italian manufacturer of special wires brings additional strength to the Voestalpine product portfolio of drawn wire for the automotive industry.

January 12, 2015

Voestalpine with Jump in Earnings in the First Half of the Business Year

Despite a persistently challenging economic climate, the voestalpine Group posted a largely solid performance during the first half of the business year 2014/15 (April 1, 2014 to March 31, 2015). At -1.5%, revenue was down slightly, from EUR 5.64 billion to EUR 5.56 billion.

November 5, 2014

FACC and Parent AVIC to Shift Manufacturing of Passenger Cabins from Austria to China

During the China trip of Economy Minister Mitterlehner, Foreign Affairs Minister Kurz and Agriculture Minister Rupprechter, FACC AG and parent Aviation Industry Corporation of China (AVIC) have re-confirmed their "plans to enter into a strategic partnership relating to the integration of aircraft passenger cabins in China". Over the long run this means, that Austrian know-how and Austrian jobs will be moved and outsourced to China.

October 23, 2014

OSCE Special Monitoring Mission to Ukraine Starts the Use of Austrian Drones

The OSCE (Organisation for Security and Cooperation in Europe) Special Monitoring Mission to Ukraine (SMM) today completed the maiden flight of its unarmed/unmanned aerial vehicles (UAVs) before members of the media near Mariupol in eastern Ukraine. The OSCE will use unmanned and unarmed drones for the monitoring of the border between Ukraine and Russia.

October 23, 2014

Ederer Resigns as Supervisory Board Member of OIAG

Brigitte Ederer resigns as supervisory board member and leaves state holding company OIAG.

September 9, 2014

Josef Taus to Delist MTH from the Vienna Stock Exchange

Josef Taus is delisting his investment company Management Trust Holding (MTH). The main reason for the delisting of this long-term stock market participant (since 1990) is the very low percentage of widespread shareholdings: only 1.25 percent of the shares is held in free float. The company will present a respective offer to the few minority shareholders. Another reason is the restructure of Taus’ empire, which will allow the industrialist to reduce his dependence on minority shareholders.

September 3, 2014

Water Management Company Wabag to Shift Operations from Austria to India

VA Tech Wabag, a water and wastewater management company, will increasingly operate its overseas businesses out of India to take advantage of lower costs and higher margins, according to Rajiv Mittal, Managing Director of the Chennai-based multinational.

July 28, 2014

Indian Bajaj Auto Helps Plot KTM its Global Comeback

One in 5 of Austrian company's bikes are made in Pune, for a big cost advantage, enabling it to take market share from rivals.

July 25, 2014

Wienerberger Increases Capacity in the UK

Rising demand in the UK made it necessary for Wienerberger to initiated measures to increase its capacity. Around 200 million more bricks per annum will be produced by re-activating mothballed factories, investing in technology upgrades, adding shifts and new jobs throughout its UK operations, and importing from the continent. Earnings contribution from re-activated plants will be reflected in 2015 results

July 17, 2014

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

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

Austrian Post: Enormous Growth Potential in Turkey

With a local partnership, the Vienna-listed Austrian Post wants to participate in the booming Turkish post market.

October 9, 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

Vienna: Infrastructure & Construction Summit Brings Together All Balkan Countries

Government ministers from Austria and various Balkan countries will be discussing infrastructure and construction in the region at a two-day summit in Vienna at the end of May.

April 30, 2013 · Sponsored Content

Poland: Appealing BPO Location

Poland has been increasing its attractivity as a location for Business Process Outsourcing (BPO). This becomes evident by the numbers of personnel.

April 15, 2013

Hungary: Gross Earnings Increased Marginally

In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 2.5%, while net earnings excluding family tax benefits grew by 3.9% compared to 2011.

March 21, 2013

Red Bull Sells More Than 5bn Cans Worldwide

Energy drink producer Red Bull was able to increase turnovers by almost 16 %, totaling € 4.93bn.

March 15, 2013

Austria: Post Shows Solid Revenues

In 2012, Austrian Post generated € 123.2m and was therefore able to slightly increase the turnover. € 1.80 is being declared per share, which is a raise of € 0.10.

March 14, 2013

Lithuania: Exports Decreased by 7.6 % in January

Foreign trade in January 2013 decreased. Major losses in Agricultural sector.

March 8, 2013

Estonia: Hope For Employment Rate to Increase

Employment continued to grow at the end of 2012.

March 8, 2013

Red Bull: Difficulties in Italy

The Austrian energy drink producer faces examinations by the Italian Competition Authority.

August 13, 2012

Stable Results at Wolford

Today, the Austrian clothing company published the results of the 2011/12 fiscal year. Sales rose by 1.3%, EBITDA and EBIT were slightly below prior-year level .

July 20, 2012

“Market Place Austria 2012” on 3rd October in Vienna

"Marketplace Austria" gives buyers from all over the world unique opportunity to meet Austrian suppliers and producers from the food and drinks sector and to find new business partners.

June 25, 2012

Austrian Furniture Industry Increases its Exports

In 2011, the total production of the Austrian furniture industry decreased by 3.3 percent to close to € 2.3bn according to the latest figures.

June 6, 2012

Management of New Joint Venture Ybbstaler Agrana Juice Appointed

Following the closing of the joint venture deal between Agrana Juice Holding GmbH and Ybbstaler Fruit Austria GmbH, the management team of the new company has now been appointed.

June 1, 2012

Declining Sales and Earnings at Linz Textil

Linz Textil announced its first quarter results. The outlook is rather negative.

May 22, 2012

Schlumberger Wants to Raise Exports

The Austrian producer of sparkling wine wants to reach an export quota of 50%.

May 12, 2012

Manner: Decent Growth Rates

The Vienna-listed food producer recorded a rise in revenues of 3.7% in the first three months of 2012.

May 12, 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

„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

Austria Tabak Loses Market Shares

The U.S. group Philip Morris is the clear market leader in Austria´s tobacco market.

April 6, 2012

New Sales Record at Pfanner

The Austrian fruit juice producer achieved constant growth rates last year. Sales were up to € 245m.

March 24, 2012

Substantial Rise in Sales at Red Bull

The Austrian energy drink producer sold 4.6 billion cans last year. Sales were up by 12%.

March 21, 2012

Wolford Group Reports Stable Results

The Austrian textile company posted almost unchanged sales and profits figures. The outlook is cautiously positive.

March 16, 2012

CFO Peter Simma to Leave Wolford AG

Peter Simma, Chief Financial Officer and Deputy Chairman of the Executive Board of Wolford AG, is leaving the company on his request.

March 13, 2012

Red Bull Not Interested in Monster Beverage

Monster Beverage may not be a willing target. Moreover, the Austrian energy drink producer achieves strong organic growth in the U.S.

March 12, 2012

Bene Expands in Asia

The Austrian manufacturer of office furniture founded a joint venture together with the Singapur-based Ollo Group. Bene aims for entering new markets successfully.

February 24, 2012

Head Reported Lower Sales and Earnings

The Dutch Ski producer, which has its production facilities in Austria, registered a decrease in sales of 1.3%. Higher amortizations caused a reduction in profits.

February 23, 2012

Agrana Expands in Russia

The Austrian fruit and starch company invests € 27m in a factory site in Russia.

February 16, 2012

Rising Revenues at OeSD

In the first three quarters of 2011, OeSD could raise revenues by 5.6%.

February 15, 2012

Sales and Profits on the Rise at Do & Co

The Austrian catering company recorded an increase of 9.5% in sales. Profits were up by 27.6%.

February 9, 2012

Blizzard Confirms Turnaround

The Austrian ski manufacturer could achieve profits again. Nevertheless, Blizzard´s management demonstrates cautious optimism.

February 4, 2012

Coca Cola Closes Viennese Site

For cost reasons, the U.S. soft drink producer shifts production from Vienna to Burgenland. 80 employees will be laid off.

February 2, 2012

Al Jaber Owns Kneissl Again

The insolvent ski manufacturer Kneissl will be owned by the Arab investor Al Jaber again. Creditors approved to a 20% quota.

January 28, 2012