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Construction Industry
Slow Growth in First Quarter
In the first three months of 2012, the Austrian economy grew by 0.3% against the prior quarter. The outlook is very cautious.
June 9, 2012
B&C Industrieholding to Sell Major Stake in Porr
The Bank Austria-owned B&C Industrieholding is said to sell ist 37% stake in the Austrian construction group. CEO Karl-Heinz Strauss may be a potential buyer.
June 5, 2012
Employment Benefits from High Growth Dynamics
The encouraging growth trends provided a very welcome boost to employment in the Austrian federal provinces. The construction industry stabilises.
June 5, 2012
Alpine: Major Contract in Norway
The Austrian construction company gained another contract in Norway. The contract value amounts to € 170m.
May 31, 2012
Strabag´s Loss Widened in First Quarter
The Austrian construction company announces a new record high for order backlog of € 15.7bn. The outlook for 2012 was confirmed.
May 31, 2012
Positive Trend in Austrian Industrial and Construction Sector
In February 2012; turnover in the industrial and construction sector was up by 11.8%. Construction output grew by 10.4%.
May 30, 2012
Alpine Lands Another Railway Project in Romania
Alpine, the Austrian construction company, landed another major contract for a railroad project in Romania. The project volume is € 218m.
May 25, 2012
Austrian Enterprises Participate in Reconstruction in Libya
AWO Austria initiated a market sounding journey to Tripoli. “Enterprises must be at the face before the rush begins.”
May 22, 2012
Austrian Demand for New Buildings Declines
Due to the weaker economic growth and the austerity policies, demand for new buildings is decreasing.
May 12, 2012
Croatian Subsidiary of Alpine Said to be Insolvent
Osijek Koteks, the Croatian subsidiary of the Austrian construction group faces severe problems. According to rumors, Osijek Kotekts is illiquid.
May 8, 2012
Alpine Launches New Corporate Strategy
The Austrian construction company underlines its commitment to the energy sector. Profitability should be enhanced, CEO Dotter emphasized.
May 7, 2012
Haselsteiner to Leave Strabag Earlier
Hans-Peter Haselsteiner is mandated as CEO of Austria´s largest construction company until 2015. Nevertheless, he will leave the management board earlier.
May 4, 2012
Strabag Issues € 100m Corporate Bond
Proceeds will be used for general business purposes and the further improvement of the financing structure of the Austrian construction company.
May 3, 2012
Austrian Industrial Sector Expands
Positive production trends in industry and construction in January 2012: turnover was up by 11.1%. Construction output grew by 17.9%.
May 2, 2012
Porr Urgently Needs New Capital
The Austrian construction company wants to strengthen its equity base, which shrank to 15%. In 2010, the quota stood at 22%.
May 1, 2012
Drastic Losses at Porr
The third-largest Austrian construction company had to write off projects in Hungary and Romania. Net losses totaled € 72m.
April 30, 2012
Lower Net Income at Alpine
The Austrian construction company achieved profits of € 10m last year after € 17m in 2010. Revenues went up moderately.
April 30, 2012
Strabag: Haselsteiner Underlines Importance of Russia
In 2007, the Austrian construction company announced to establish its third core market in Russia. However, Strabag is still far from that.
April 28, 2012
Strabag Posts Strong Rise in Profits
The Vienna-listed construction company recorded a 12% increase in net income. The output volume rose by 12%. In 2012, an output volume of € 14.3bn is expected, EBIT guidance is very ambitious, Strabag says.
April 27, 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
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
Austrian Inflation Slightly Down
In March, a decrease of the Consumer Price Inflation to 2.4% was observed.
April 17, 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
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
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
Alpine to Rebuild Railway in Macedonia
The € 7m contract to be fully financed by the European Bank for Reconstruction and Development.
April 11, 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
Austrian Industrial Sector Faces Uncertainties
The Austrian industries expect a stagnation of business. Economic growth is low, export growth will be decent. Moreover, the order stock is declining.
April 4, 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
FCC to Appoint Benita Ferrero-Waldner as Alpine´s Chairwoman
Austria´s former Minister of Foreign Affairs heads the supervisory board of Alpine. The appointment will take place at the next Supervisory Board meeting of Alpine, FCC's Central and Eastern European subsidiary.
March 29, 2012
Major Order at Strabag´s German Subsidiary
Ed. Züblin, a subsidiary of the Austrian construction group Strabag, was awarded to build new universites in Hamm and Lippstadt. The contraction volume amounts to € 100m.
March 29, 2012
Alpine to Build Railroad Tunnel for Stuttgart 21
The Austrian construction company is involved in the German Railroad’s large-scale Stuttgart 21 project.
March 26, 2012
Strabag Expands in Switzerland
The Swiss subsidiary of Austrian Strabag enters into strategic partnership with BH-Holding AG in Zurich and Zug.
March 22, 2012
Strabag Extends Viennese Underground
Extension of underground line U1 in Vienna: The Austrian construction group receives contract for two construction lots. The order value reaches about € 90m.
March 21, 2012
Denmark: Alpine Participates in Major Tender
New Railway Line in Copenhagen: Invitation to tender for Austrian company Alpine Bau GmbH.
March 20, 2012
Strabag SE places € 140m Bonded Loan
The Austrian construction company strengthens the diversification of financing structure. Strabag issues two fixed-interest and two variable tranches with terms to maturity of 5 and 7 years.
March 20, 2012
Serbia: Promising Market for Austrian Construction Industry
The Western Balkan state Serbia invests massively in the modernization of its infrastructure. This year, the civil engineering sector will grow by 20%.
March 19, 2012
Haselsteiner Buys 15% Stake in Conwert
Hans-Peter Haselsteiner, CEO of the Austrian construction company Strabag, buys a 15% stake in the Austrian real estate supplier Conwert. The seller is the London-based Petrus Advisers LLP.
March 14, 2012
Alpine to Build Beltway in Romania
Beltway to solve Brasov's traffic problems. The Austrian construction company prevails over six competitors in Romania.
March 13, 2012
Andritz: Controversial Projects in Brazil and Turkey Are Going According to Plans
The Austrian machine manufacturer Andritz participates in the construction of two major hydro power plants in Turkey and Brazil.
March 2, 2012
Siemens Austria Got Major Order from India
The Indian National Mineral Corporation orders a sintering plant at Siemens VAI. The order volume totals € 120m.
March 1, 2012
Rise in Austrian Unemployment Rate
At the end of February, 380,000 persons were unemployed. This is a rise of 5.2%. At the EU level, Austria´s unemployment rate is still the lowest.
March 1, 2012
Positive Production Trends in Industry and Construction
In November 2011; turnover was up by+8.2%. Orders in the construction industry rose by 11.8%. Construction output went up moderately.
February 29, 2012
Andritz Supplies Equipment for Hydro Power Plant in Peru
Luz del Sur, one of the largest electric utility companies in Peru, has awarded Andritz Hydro a contract to supply the electromechanical equipment for the Santa Teresa hydropower station.
February 23, 2012
Turkey as Target for Austrian Construction Industry
As Turkey wants to modernize its infrastructure, Turkey is seen as growth market. Strabag intends to participate in future projects.
February 22, 2012
Strabag Awarded for Major Order in Italy
The Austrian construction group will build a highway near Milan, Italy. The order volume totals € 1.7bn.
February 18, 2012
Strabag Exceeds Forecasts
The Austrian construction company recorded a construction volume of € 14.3bn in 2011. For 2012, stable results are expected.
February 18, 2012
Porr Takes over German TKDZ
The Austrian construction group takes over Trierer Kalk-, Dolomit- und Zementwerke (TKDZ) in Wellen.
February 17, 2012
Major Orders for Siemens Austria From Mexico and Thailand
The Mexican steel producer Tyasa ordered the construction of a completed steelworks. In Thailand, Siemens Austria builds a roller plant.
February 11, 2012
Strabag Awarded in Tanzania
The Austrian construction company is building a bus rapid transit system in Tanzania for € 134m.
February 10, 2012
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