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People of the Americas in Austria | Bilateral Relations
Austria and the Americas (Canada, Mexico and Central- & South America) - Read the latest headlines about bilateral relations
Automotive Industry Outlook in NAFTA Markets
In October, an automotive mission to Mexico and Detroit will be held by the Austrian Trade Commissions Mexico, Toronto and Chicago.
March 12, 2012
Magna: Production on the Rise
The Canadian automobile supplier company increased its sales by one quarter. In Austria, car production was up by 51%.
February 25, 2012
Pecik is Said to Enter AMAG
The Austrian investor, who holds a 20% stake in Telekom Austria, seems to be interested in the Austrian aluminum producer AMAG
February 23, 2012
AMAG to Become New Owners?
About one third of Austrian aluminum producer´s shares are for sale. Raiffeisen and B&C are potential buyers.
February 4, 2012
Major Order from Costa Rica for Andritz
The Austrian technology group Andritz was awarded a contract by the Institute of Electricity of Costa Rica.
February 1, 2012
Austrian Mercedes Production Endangered to Shift to Hungary
Construction of the SUV Mercedes G-class could switch from the Magna factory in Graz to Hungary.
January 24, 2012
Styrian Mining Company Causes Problems for Austrian Banks
The Austrian mining company Decometal has debts reaching € 250m. Now, the company will be restructured. Loans must be extended.
December 28, 2011
Magna to Develop Luxury Cars in Styria
The Japanese Infiniti lets Magna develop and construct its smallest model in Austria.
December 10, 2011
Magna Powertrain Expands in Styria
The Canadian automotive supplier again invests in the Austrian plan Lannach. Investments of € 30m are planned.
December 6, 2011
Vienna Has the Best Living Standard
The Austrian capital defended its position as the city with the highest standard of living. It is followed by Zurich and Auckland.
November 29, 2011
Bombardier Considers to Leave Vienna
The Canadian company is threatened to close its factory in Vienna, unless the city government orders new subway trains.
November 14, 2011
AMAG Builds New Plant in Canada
The Austrian aluminum manufacturer participates in a CAD 1.5bn contract. AMAG´s share is 20%. The project brings a new capacity of 355,000 tons.
October 31, 2011
Austrian IT Service Provider Expands to Canada
The IT-service company Navax has ambitious growth plans. Expansion should not only take place in Austria, but also in Canada, Switzerland and Germany.
October 31, 2011
Teak Holz Wins Major Order
The Upper Austrian timber company signed a € 50m contract for external forest management activities in Costa Rica.
October 6, 2011
AMAG to Expand Capacity of Canadian Smelter
The Austrian manufacturer of aluminum products is currently negotiating the project with four partners.
September 16, 2011
Strabag Bores New Tunnel in Canada
The Austrian construction group won a € 200m contract for a wastewater tunnel in the Greater Toronto Area. It is a follow-up order after completion of tunneling below Niagara Falls.
August 29, 2011
Frank Stronach to Apply for Casino Licenses
The Austro-Canadian founder of Magna and the German Gauselmann Group establish a company with the goal of entering the Austrian gambling market.
August 26, 2011
Strong Plus in Sales for Magna
The Canadian component supplier increased sales by 29% to $ 14.5bn. In Austria, the company employs approximately 11,000 people.
August 5, 2011
Teak Holz International: Earnings Four Times as High as Revenue
The Upper Austrian timber company’s revenue more than doubled in the first nine months of the financial year. The value of plantations increased by € 8.7m.
August 4, 2011
Teak Holz to Raise Capital for Expansion
The Upper Austrian timber company announced a capital increase by € 15.6m. The funds will be used to boost growth.
June 28, 2011
€ 110m Project for Andritz
The Austrian technology group Andritz will supply Francis turbines and generators for the Mica hydropower plant in Canada.
March 29, 2011
AMAG: € 170m Special Dividend before IPO
The owner of the Austrian metal company will sell 60% to 80% of the shares. Moreover, a capital increase is planned.
March 15, 2011
Magna Europe in Euphoria
The Austrian-Canadian automotive supplier intends to increase car production significantly.
March 6, 2011
Magna Pushes its Presence in Emerging Markets
The Austrian-Canadian automotive supplier intends to expand its international presence in the BRIC countries.
February 12, 2011
Kapsch TrafficCom Names new CEO for its North American Operations
The Austrian Kapsch TrafficCom AG names Christopher F. Murray President & CEO of Kapsch TrafficCom IVHS effective February 1.
February 2, 2011
Magna Expands Styrian Plants
The automotive supplier invests around € 30m for capacity expansion of in two Austrian locations to accept new orders.
January 22, 2011
"Conversations about the Future" between Austrian and Canadian IT companies
The Austrian IT industry, motivated by Canadian success models, intends to strengthen its role in the domestic economy significantly.
January 22, 2011
Bright Outlook For Magna
The Canadian/Austrian automotive component supplier today announced its financial outlook and expects a significant increase in sales as well as profits.
January 14, 2011
Stronach Sells Shares to Magna
The founder and long-time Chairman of the board of the Austria-Canadian Magna Group, Frank Stronach, only holds 5.14% now.
December 30, 2010
Change in Magna´s Management
The Austrian-Canadian component supplier announces a change in its Board of Directors. Belinda Stronach leaves.
December 22, 2010
Magna: Significant Increase in Sales and Earnings
Magna International Inc. today reported financial results for nine months ended September 30, 2010.
November 5, 2010
Magna-Steyr Member of the Board Apfalter becomes Europe Boss of the Magna Group
Apfalter stays on as Magna-Steyr CEO; Eibeck, as Europe Vice-President, is responsible for the Russian market
October 15, 2010
Russian Machines: Siegfried Wolf Obtains a Stake and Receives Clear Voting Rights
Siegfried Wolf, one of the two former top executives of Magna International not only changes over (as reported) to Oleg Deripaska's “Basic Element” company, but will also have a stake in it.
September 29, 2010
Magna: Rapprochement to Opel through Astra-order
Magna will take over the development of a new Opel Astra model. Just a year ago, Magna attempted to acquire the whole German GM subsidiary, but the takeover was aborted by General Motors.
September 29, 2010
Magna International - Openings of New Plants in St. Petersburg Area
Magna International Inc., the world’s most diverse automotive supplier, announced today the opening of three facilities in the St. Petersburg, Russia, area.
September 23, 2010
Magna - Siegfried Wolf to leave in November
Magna International Inc. today announced that Siegfried Wolf, Magna's Co-Chief Executive Officer, has resigned as a director and officer effective November 15, 2010.
September 13, 2010
Magna - Plan of arrangement completed
Magna's plan of arrangement to eliminate Magna's dual-class share structure has been completed.
September 1, 2010
Teak Holz issues convertible bond with value of EUR 10 million
The bond matures in five years and bears a coupon of 5 percent.
September 1, 2010
Andritz Hydro to supply propeller turbines for Lower Mattagami hydropower project, Canada
International technology Group Andritz has been awarded a contract by Kiewit-Alarie a Partnership to supply three propeller turbines and generators for the Lower Mattagami River Project being developed by Ontario Power Generation in Ontario, Canada.
July 13, 2010
Magna International AGM - Shareholders will vote about Frank Stronach’s future
The Austrian-Canadian supplier Magna International set a new general meeting for July 23rd, to vote about the retreat of founder Frank Stronach.
July 9, 2010
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