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Construction Industry

Strabag Takes Majority Stake in Project Companies for Offshore Wind Power Plants

The Austrian construction company acquires a 51% interest in a project portfolio with possible 850 locations in the German North Sea.

May 23, 2011

Austrian Cement Industry: Further Decline in Production

Total cement production is 20% lower than in 2008. A reversal of the trend is expected for 2012.

May 19, 2011

Strabag Issues € 175m Corporate Bond

The bond has a term to maturity of seven years and a coupon of 4.75%. Proceeds will be used for general business purposes and the improvement of the financing structure.

May 18, 2011

Habau Takes Over Dutch Construction Company

The Austrian construction company takes over the globally active pipeline specialist Nacap and increases sales by € 600m to € 1.4bn.

May 13, 2011

Zagreb Airport: Austrian construction companies hope for an addition

Austrian construction companies Strabag and Alpine fight for the award of an additional contract in a € 200m project.

May 11, 2011

Moderate Increase in Austrian Construction Prices

Construction output price index (new base year 2010) increases in the first quarter of 2011 by 4.2%.

May 11, 2011

Tondach Gleinstätten is Awarded Exclusive Contract in Russia

Tondach Gleinstätten AG is awarded the contract for the supply of roofing materials for the Olympic project "Sochi 2014”

May 3, 2011

Austrian Unemployment Still Declines

Compared to April 2010, the number of unemployed persons decreases by 5.4%. The number of trainings went down by 19.3%.

May 3, 2011

Construction Output Down by 16.7%

Austrian Output of construction of buildings and civil engineering decreasing by 16.7% in January 2011. Volume of orders in construction of buildings and civil engineering increasing by 7.0%

May 2, 2011

Small Rise in Profits for Alpine

2010 construction output is € 3.2 bn, (-5 %) - result of ordinary business operations increases by 5 % to € 23,7 m in 2010 .

May 2, 2011

Weak Year for Porr

The Austrian Porr construction company had to report significant sales and profit declines in 2010. The EBIT fell by 23.3%.

April 30, 2011

Doppelmayr Scores € 105m Contract

Doppelmayr Italia GmbH was awarded the contract for the construction of the new ropeway on the Mont Blanc.

April 29, 2011

Strabag Reports Stable Results

Revenues of the Austrian construction company decline slightly. Earnings per share show a plus of 8 % to € 1.53 – Management Board proposes a dividend per share of € 0.55.

April 28, 2011

Strabag: Significant Rise in Earnings Expected

According to analysts, the Austrian construction company will record a substantial rise in profits. However, sales will decline.

April 28, 2011

Surplus of Timber in Austria

More timber grows in Austria's forests wood than is harvested. The Chamber of Agriculture calls for looser terms of use.

April 23, 2011

Austrian Construction Costs Increase Further

Construction cost continued to increase sharply in March 2011: +3.3% against 2010.

April 16, 2011

Strabag Expands its Activities in Hydraulic Engineering Sector

The Austrian construction company acquires 100 % of the German civil hydraulic engineering firm Ludwig Voss, Cuxhaven.

April 14, 2011

Austrian Construction Industry Aims at the Czech Republic

Despite the current downturn in the Czech construction market, the Economic Chamber presently recommends making use of the traditionally good relations with the Czech Republic.

April 13, 2011

Strabag Consortium Wins PPP Contract in Germany

The Austrian construction company has been awarded to upgrade a highway-section in Bavaria, Germany.

April 12, 2011

Decreasing Output in Austria´s Construction Industry

Output of construction of buildings and civil engineering decreasing by 4.7% from January to December 2010. Volume of orders increasing by 0.3% at the end of December 2010.

April 2, 2011

Alpine: Confrontation with Polish Authorities

Due to the termination of a construction project, a violent dispute has broken out between the construction company and Polish authorities.

March 29, 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

Strabag Awarded for Project in Frankfurt

A subsidiary of the Austrian construction group Strabag, Züblin, is building the "TaunusTurm" in Frankfurt financial district. Construction period ends in 2013.

March 29, 2011

Higher Profits for UBM Despite Lower Production in 2010

Vienna Stock Exchange listed UBM Realitätenentwicklung AG achieved higher profits in 2010 despite lower production. Dividends are to be increased by 10%.

March 23, 2011

Vienna Reacts to Predicted Housing Shortage

Union and construction industry welcome the "housing offensive" of the city government.

March 17, 2011

Bosnia is a Promising Market for the Austrian Construction Industry

The Bosnian government invests in highway construction and energy: Austria is a top foreign investor in Bosnia-Herzegovina

March 16, 2011

Austrian Construction Costs Further on the Rise

According to Statistics Austria, construction cost continued to increase sharply in February 2011.

March 16, 2011

Griffner is Aiming at IPO for 2013

The Carinthian construction company, which specializes in ecological construction intends to acquire new capital in the coming years in order to expand.

March 12, 2011

Andritz: Favorable Business Development in 2010

The Austrian technology Group Andritz showed favorable business development in the 2010 business year. Sales rose by 11.1%, order intake increased by 23.4%

March 9, 2011

Austria's Construction Industry Expects Stagnation

In an interview with the newspaper "WirtschaftsBlatt", the CEO of the Porr construction company, Karl-Heinz Strauss, describes his prospects for the local construction industry.

March 8, 2011

Strabag: Takeover of Swiss Companies

Strabag becomes third-largest construction company in Switzerland with acquisition of Brunner Erben and Astrada. Output increases up to € 615m.

March 8, 2011

Stagnation in the Austrian Construction Industry

The economic outlook for the construction business continues being less favorable than for the overall economy. Only since 2012 is growth expected again.

March 5, 2011

Belo Monte: Construction Ban is Lifted

The recently imposed construction ban on the Brazilian building project was lifted in court. The dam has not to fulfill all requirements yet.

March 5, 2011

Andritz: Possible Loss of the Belo Monte Project

The Brazilian government is fighting for the realization of the controversial Belo Monte project, whose approval has been blocked in court.

March 3, 2011

Austrian Construction Supply Industry Stagnates

After a sales decrease of 11% in the crisis year 2009, total sales stagnates at € 3.2bn. The number of employees falls by 3.1%.

March 3, 2011

Austrian Production Rising Substantially

Opposing production trends in industry and construction in November 2010; turnover +14.5%. Strong increase of production in metal industry.

March 2, 2011

Output of Austrian Construction Industry Falls

Output of construction of buildings and civil engineering decreasing by 4.1% from January to November 2010

March 2, 2011

Alpine Builds in Norway

Bridge for 108 million Norwegian kroner (€ 14m) leads the way for further expansion of the Austrian building company into Northern Europe.

March 1, 2011

Major order for Siemens Austria

The Austrian subsidiary of the German electronics group receives a new order from Poland for the construction of underground train sets.

February 26, 2011

Sales Declining at Strabag

The Austrian construction company recorded an output volume at € 12.8bn in 2010. Order backlog up 6%

February 22, 2011

Knill Group Builds Factory in Russia for € 50m

The Austrian construction group records an order over € 50m for the establishment of the first optical fiber plant in Russia.

February 20, 2011

Baumit Group: Steady Sales

The sales situation of the Austrian construction group shows hardly any changes: sales for € 790m were recorded in 2010.

February 19, 2011

Strong Growth for bauMax

The do-it-yourself group increased its sales in Austria and Eastern Europe in 2010.

February 18, 2011

AE&E Quota only 5%

The largest division of the insolvent Austrian technology group A-Tec is likely to offer only very little to its creditors.

February 17, 2011

Porr Enters Alliance in Slovenia

The Austrian construction company establishes a joint venture with SCT, the dominant construction company in Slovenia.

February 17, 2011

Economic Growth Decreased Slightly in the 4th Quarter of 2010

The rise of Austria's economic performance in the 4th quarter 2010 was 0.6% in real terms compared with the previous quarter. This figure does not exactly strengthen the momentum of the economy.

February 16, 2011

Construction Costs Further on the Rise

The Austrian construction cost index with new base year 2010 increases by 3.7% in January 2011.

February 16, 2011

Andritz Expands into Brazil and Uruguay

The Austrian technology group to supply major equipment for Belo Monte hydropower plant. Furthermore, Andritz is in negotiations with Montes del Plata.

February 15, 2011

Andritz: Order for Belo Monte is Firm

The French consortium Alstom, together with the German Voith and the Austrian Andritz, jointly supply the Brazilian Hydroelectric Project.

February 11, 2011

Austrian Constructing Price Index Rising

Construction output price index for building construction and civil engineering increased by 3.9%.

February 11, 2011