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Construction Industry

Potential for Austrian Construction Industry in Poland

Market experts predict a sharp increase in construction activity: a market growth of up to 12% is expected for the next two years.

February 10, 2011

Strabag: Poland as a Replacement for Russia?

Sales of the Austrian construction company in Russia are slow in coming. Instead, other growth regions could be pushed.

February 9, 2011

Spanish FCC reaches for Alpine

The Spanish construction group FCC already has a share of 80% of the Austrian Alpine. The remaining 20% is to be also purchased now.

February 4, 2011

Four Major Orders for Andritz

The Austrian Andritz Hydro receives international orders to equip four hydropower plants. The contract value is € 80m.

February 4, 2011

Siemens Austria Receives an Order for Poland

The Austrian subsidiary of the German technology group will supply 35 trains worth € 272m of the new Metro-generation "Inspiro" to Poland.

February 3, 2011

Rising Sales at Internorm

The Upper Austrian window manufacturer increased its sales by 2% in 2010. Despite domestic sales falling, exports are growing all the better.

February 3, 2011

Strabag SE Awarded two Road Construction Contracts in Romania

The Austrian construction company rehabilitates and upgrades national roads DN14 and DN15A. Combined value of both contracts around € 106m.

February 2, 2011

Rieder Wins Major Contract in Saudi Arabia

The Austrian Company Rieder will supply roofing and facade elements for the world's largest energy research centre in Saudi Arabia

February 2, 2011

Decreasing Output and Order Intake in Austrian Construction Industry

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

February 1, 2011

Austrian Production Output up by 7.0%

Positive production trends in industry and construction in October 2010; turnover +7.0%.

February 1, 2011

Strabag: Russia as Growth Driver

For Hans Peter Haselsteiner, CEO of Austria's largest construction group, Poland and Russia offer the best prospects for expansion

January 28, 2011

Andritz: Order in Portugal

The Austrian industrial plant manufacturer based in Graz reports an order for € 40m from the Portuguese power company EDP.

January 26, 2011

Austrian Production Rising Steeply

The Austrian Production index in November 2010: +6.5% over November 2009

January 25, 2011

Andritz Receives Major order from Brazil

The Austrian technology group supplies equipment for a pulp mill in Eldorado, Brazil.

January 22, 2011

Major Order for Andritz from Malaysia

The Austrian technology company Andritz receives a major order for new stainless steel plant in Malaysia.

January 19, 2011

Austrian Construction Costs up by 3.2% in 2010

Construction cost index 2010: increase of all three construction branches in annual comparison.

January 18, 2011

Alpine Wins Contract in London

The Austrian Alpine Group wins a contract for two Central London station tunnels on the Crossrail project. The contract value is £ 235m (€ 279m)

January 16, 2011

Poland is a Big Opportunity for Austria's Export Economy

The Austrian Economic Chamber sees tremendous opportunities for the local export industry. The construction industry could particularly benefit from the boom in Poland.

January 15, 2011

Slow upward trend in Austria's trade and handicrafts

For 2010, KMU-Forschung Austria expects slight sales increases. Support for research projects will be supported in future.

January 13, 2011

Black Economy is still Difficult to Control in Austria

About 14% of the economic product evades the Treasury in the Austrian economy, but experts say the trend is declining again.

January 5, 2011

Sales Drops in Austrian Construction Industry

The construction output value in building construction and engineering decreased by 3.5% from January to September 2010. The order situation is also deteriorating.

December 31, 2010

Austria's Material Goods Production Increases Massively

The production trend in the manufacturing and construction industry shows a positive effect in September 2010. Sales increased by 10.3%.

December 31, 2010

Illegal Employment Grows

One of four Austrian firms employs illegal workers from abroad.

December 29, 2010

Porr: Turkish stake might increase

The Turkish Renaissance Group currently holds a 10% stake in Austria's third-largest construction group. This share could be increased significantly.

December 23, 2010

Success For Siemens Austria in Norway

The Austrian Subsidiary of the German technology group received orders of 32 ecological threepart subway-trains for the Norwegian capital Oslo.

December 22, 2010

A-Tec Has to Divest Itself of Holdings

In the course of restructuring, several holdings of the insolvent conglomerate are sold in order to achieve an appropriate quota.

December 20, 2010

Porr takes over TEERAG-ASDAG and starts reorganization

The Porr Group presents a new corporate structure. Focus is put on domestic civil engineering and road construction with TEERAG-ASDAG.

December 20, 2010

Statistik Austria: Construction Costs Continue to Rise

Costs increase for residential and housing development construction; the index of bridge and road construction has declined however.

December 15, 2010

New Logistics Center for Gebrüder Weiss in Romania

The logistics company Gebrüder Weiss has entrusted the construction of a logistics center in Sibiu to the Unger Steel Group as general contractor again.

December 14, 2010

Doubts Over Kovats’s Restructuring Plan

The value of AE&E Group is dubious. Kovats could have problems with the quota.

December 10, 2010

Strabag: Haselsteiner Confirmed as CEO

Hans Peter Haselsteiner has been reappointed, Siegfried Wanker acts as new technical board member in Special Divisions & Concessions segment.

December 9, 2010

Andritz: Major Order from Taiwan

Andritz receives major order for annealing and pickling line for stainless steel strip in Taiwan.

December 9, 2010

Strabag Hopes for Projects in Russia

Russia will hold the 2018 World Cup, expected to be the most expensive of all times. Numerous construction projects will be awarded.

December 8, 2010

Kovats Remains CEO of A-Tec for the Time Being

Despite the resignation offer to the creditors Mirko Kovats, majority owner and founder of bankrupt A-Tec, stays on as CEO.

December 6, 2010

Andritz Criticized Because of Belo Monte Hydroelectric Power Plant

After being sharply criticized by church organizations because of a construction project in Brazil, the plant manufacturer now turns to the public.

December 6, 2010

Trade Between Russia and Austria is Booming

The volume of trade between Austria and Russia has increased by 30%. Innovation and modernization are core issues for both countries.

December 6, 2010

Andritz Purchases and Restructures AE&E Austria

The Styrian plant builder buys the A-Tec subsidiary for rumored € 10 million. Restructuring plan is to be financed by Andritz.

December 3, 2010

Stuttgart21: Strabag and Porr Hope for Major Project

The two Austrain building companies, Strabag and Porr, are struggeling for the disputed major infrastructure project in Germany, Stuttgart 21.

December 2, 2010

Strabag Receives Major Project in Poland

Construction of new railway and bus station of Katowice operated by the Austrian building company Strabag.

December 2, 2010

Doppelmayr: Slight decline in Sales but Good Result

Doppelmayr, The aerial and surface ropeway manufacturer from Vorarlberg underwent a slight drop in sales, but net income hasincrea sed significantly. Cautious optimism is being shown.

December 1, 2010

It Is Official: Deripaska Is Back at Strabag

Basic Element group exercises the call option for 17 percent stake in Strabag.

December 1, 2010

A-Tec in the Red

The insolvent Vienna Stock Exchange listed company undergoes sales declines and a negative EBIT.

November 30, 2010

bauMax Expands Further in Romania

On November 30, 2010 the Austrian DIY chain bauMax inaugurated its thirteenth Romanian market in Constanta.

November 30, 2010

Stable Results and Sales Growth for Swietelsky

The Upper Austrian construction company recorded a strong growth in sales (+7.1%) in the first half-year. Results only vary slightly.

November 30, 2010

Strong Sales Growth in Goods Production and Construction

According to Statistik Austria, sales growth in goods production was 14.3%. Orders for the construction industry decline however.

November 30, 2010

Major Order for Porr in Libya

Porr builds a sports stadium with a Turkish partner. The contract is worth € 220 million euro.

November 29, 2010

Strabag Records Small Decrease in Sales

EBITDA was up by 8% to € 476m, EBIT up by 10% to € 193 m. EPS rises by 5% from € 0.90 to € 0.95.

November 29, 2010

Insolvency of AE&E

No agreement over the purchaser of the AE&E subsidiary could be reached. However, Andritz is still considered as a prospective buyer.

November 26, 2010

AE&E: Next Insolvency is Coming Up

A subsidiary of the insolvent AE&E group in Raaba is negotiating with the Styrian plant manufacturer Andritz. They have time until Friday.

November 25, 2010

Hirsch Servo Still Records Losses

Sales were up by 27% in the first quarter. Hirsch already experiences an upward trend, the turnaround is expected in 2011.

November 25, 2010