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Automotive Industry

Sikorsky and Pankl enter into new long Term Supply Agreement

Austrian Pankl Aerospace Systems wins first Sikorsky Entrepreneurial Challenge.

July 23, 2012

KTM: Record Sales in the First Half Year of 2012

The Austrian producer of motorcycles achieved record sales in the first half year of 2012. In total, 50,233 motorcycles were sold . This corresponds to an increase by 36%.

July 19, 2012

Stable Outlook for Austrian Industrial Sector

Austrian industrial enterprises expect production, order intake and employment tob e stable in the second half of 2012. The uncertainty remains.

July 11, 2012

Iveco Shuts Down Austrian Factory

Fiat´s Subsidiary Iveco plans to close five factories in Europe. In total, 1,075 workers will be laid off. In Austria, 110 workers are affected.

July 2, 2012

Austrian Automotive Industry in NAFTA Markets

Austrian companies from the automotive sector present themsevels in Detroit on October 25th.

July 2, 2012

Austria-Korea Automotive Technology Days

From 14. November 2012 to 16. November 2012, Austrian automotive suppliers present themselves in Seoul.

June 30, 2012

Austrian Show Case „Engineering“ in Denmark

From 5. September 2012 to 6. September 2012, the Austrian consulting and engineering sector presents its knowledge and skills in Copenhagen.

June 29, 2012

Pankl: Major Contract of U.S. Subsidiary

Pankl Racing Systems AG - Sikorsky and Pankl Aerospace Systems enter into new long term supply agreement (Multi-Year VIII Contract).

June 22, 2012

Frauenthal to Expand Further

The Austrian automotive component supplier wants to raise revenues by € 200m through acquisitions.

June 20, 2012

Montana Tech Components Achieves Record Results

The Swiss-based MTC Group could reach a new record in revenues and earnings.

June 16, 2012

Austrialian Mining Company Plans to Exploit Lithium in Austrian Alps

Global Strategic Metals NL plans a site with an investment volume of € 125m in Austria. For Austria, the lithium deposits would be a „highly strategic asset“.

June 9, 2012

Schmidt Retires as CEO of ATB

ATB Austria Antriebstechnik AG Christian Schmidt retires as CEO of the ATB Austria Antriebstechnik and joins the Supervisory Board of the Company Vienna, June 8, 2012.

June 8, 2012

Good Start for Miba

The Austrian automotive component supplier achieved a substantial rise in revenues and profits in the first quarter of 2012/13.

June 8, 2012

„India and China are not the Problems“

Voestalpine´s CEO Wolfgang Eder thinks that competitors from Turkey, Russia and Ukraine may become problematic for the European steel industry.

June 5, 2012

Refunding at Pankl

The Austrian automotive company Pankl takes a € 20m loan in order to redeem a ULSG credit early.

June 1, 2012

KTM: Rising Sales, Stagnating Profit

The Austrian producer of motorcycles recorded sales of 19,408 vehicles (+29.9%). Turnover was up by 13.5% to € 135.7m.

May 25, 2012

Profit Collapse at Frauenthal

Revenues came at € 135.4m, which is 2% less than in the first quarter of 2011. EBIT halved to € 1.8m.

May 21, 2012

Voestalpine: Lower Net Income Expected

As the steel price is expected to rise, voestalpine´s steel division has favorable prospects. The profit level of 2010/11 will not be reached.

May 14, 2012

ATB Records Mixed Results

In spite of stagnating revenues the Austrian subsidiary of Wolong Group recorded an increase of 50% in operating results. Net income was down, though.

May 11, 2012

Decreasing Production at Magna Austria

The Canadian automotive component supplier records rising revenues and profits. The Austrian subsidiary registers a cut of 10% in production.

May 11, 2012

Polytec: Sharp Cut in Earnings

Today, the Austrian automotive component supplier published its results for the first quarter 2012. Due to the sale of the interior business, sales and earnings were down considerably.

May 9, 2012

Declining Results at Polytec Expected

Due to the sale of the interior business, he Austrian automotive supplier´s revenue is anticipated to decrease by 40.4%.

May 7, 2012

Miba Continues Strong Growth

The Austrian automotive component supplier records a significant rise in revenues. Extensive investments in USA and China are planned.

May 3, 2012

Bajaj Holds 47.2% in KTM

At the end of April, the Indian motor vehicle producer enlarged its stake in the Austrian company from 41% to 47.2%.

May 2, 2012

Pankl Achieved Record Results

The Austrian automotive component supplier recorded excellent results: in the first quarter of 2012, revenues were up by 25% to € 36.5m. EPS rose by 34%.

April 30, 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

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

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

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

„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

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

Austrian Exports to Japan Reach New Record

Last year, bilateral trade between Austria and Japan recorded a new high. Austrian exports to Japan amounted to € 1.3bn.

March 27, 2012

Voestalpine Gets a New Group Structure

The Automotive Division and Profilform Division will be amalgamated to create the Metal Forming Division.

March 27, 2012

Voestalpine Forecasts Improved Business Conditions

Austrian steel group voestalpine expects results to improve from April 2012 as it benefits from price hikes and solid demand, Reuters reported.

March 27, 2012

Wolong Wants ATB to Become World Market leader

The Chinese Wolong Group, which took over ATB last year due to A-Tec´s insolvency, has big plans for the engine producer.

March 24, 2012

KTM Underlines Successful Year 2011

Results were significantly up last year. The emission of a € 75m corporate bond should strengthen the long-term financing structure.

March 23, 2012

MAN Austria Records Lower Revenues

The Austrian subsidiary of the German truck producer registers a decline in revenues by 12%. The number of produced driver cabs was up significantly.

March 21, 2012

Pankl Announces Strong Earnings Growth

The Austrian automotive component supplier achieved a 17% growth rate in revenues. EBIT was up by 85%.

March 19, 2012

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 Plans 40 New Sites

The automotive component supplier intends to establish new sites in Eastern Europe and South America.

March 12, 2012

French and Austrian Automobile Clusters to Cooperate Closer

A delegation of French automobile companies will be received in Graz in order to intensify technologic cooperation.

March 2, 2012

Voestalpine Expands Operations in Automotive Segment

The Austrian steel company presents high-strength steel innovation for cars. CEO Eder expects to double sales in the automotive division.

March 2, 2012

Tyrol Equity Takes over Rim Producer BBS

The Austrian industrial hold, owned by Raiffeisen, Hypo Tyrol and Swarovski, acquired the insolvent German rim producer BBS.

February 27, 2012

Polytec Aims For Expanding in Asia

Friedrich Huemer, CEO of the Austrian automotive supplier, wants to start investments in China and India.

February 27, 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

Frauenthal Considers Short Time Work

The Austrian component supplier experiences the first signs of the economic crisis. As orders are going down by 10% to 15%, short time work becomes an issue again.

February 24, 2012

Frauenthal Increased Revenues and Earnings in 2011

The Austrian automotive supplier raised revenues by 9%, EBIT was up by 3.8%.

February 23, 2012