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Construction Industry

AE&E Files Insolvency Application

After weeks of negotiations between AE&E's creditor and the banks, no continuation is possible. Talks ended without reaching an agreement.

November 24, 2010

Siemens Austria: New Orders from Bangkok

The Thai BTSC has placed an order at Siemens for 35 additional intermediate cars for the city rail system. Works in Bangkok start in 2012..

November 22, 2010

Siemens Austria Participates in Construction of Zagreb’s Main Train Station

The consortium Siemens AG Österreich and Elektrokem d.o.o from Zagreb has been awarded the contract for the delivery of a modern electronic switch system

November 18, 2010

AE&E: Staff asks for continuity concept

The staff of A-Tec's subsidiary AE&E (Austrian Energy & Environment) call on the negotiators in the restructuring process to ensure continuity.

November 17, 2010

Strabag: Takeover of h s energieanlagen Austria

STRABAG SE increases its stake in h s energieanlagen Austria from 43 percent to 100 percent in order to enlarge fluidised bed technology for energy production.

November 17, 2010

Procurement: Economy Welcomes Extension

Economic Chamber President Christoph Leitl welcomes the planned extension of the threshold values regulation by one year as an important growth impulse

November 16, 2010

A-Tec Subsidiary: Negotiations with Banks have Failed

The Kreditorenschutzverband (KSV, Creditors Protection Association) has confirmed that negotiations have failed. The Styrian AE&E is to be sold.

November 15, 2010

Porr Group: Slight Decline in Sales, Cautious Positive Outlook

The Porr Group’s development against the background of the economic crisis is relatively stable. The CEE region is still below expectations.

November 12, 2010

Strabag: Major Contract in Romania for 220 Million Euro

A consortium led by Austria's Strabag has won a contract to build a Romanian motorway for 220.6 million euro.

November 11, 2010

Frauenthal Announces Results for Third Quarter of 2010

The process of consolidation at the Frauenthal Group continued according to schedule in the third quarter: revenues increased by 17.8%.

November 11, 2010

Palfinger: Upward Trend in the First Three Quarters 2010

Market recovery and savings measures allowed for above-average increase in earnings. Revenue grew by 19.9 percent to € 464.9m

November 11, 2010

Strabag SE With Optimistic Outlook for 2011 and 2012

The building company expects its output volume in 2011 to amount to € 13.5bn, the EBIT in 2011 is estimated to account for € 295m.

November 10, 2010

Construction Costs: Continuous Upward Trend

Just as previously, construction prices continue rising in Austria. There is no end in sight for the upwards trend.

November 10, 2010

Andritz: Favorable Development in the First Three Quarters

Technology Group ANDRITZ showed a favorable business development in the first three quarters of 2010. Sales, earnings and profitability rose substantially.

November 8, 2010

Strabag Intensifies Russian Business

Deripaska´s Rasperia repurchases 17 percent of STRABAG. In addition, Strabag acquires a 26 % stake in Russian construction company and signs a € 350 million contract.

November 8, 2010

Manufacturing and Export Trade are Growth Driving Forces

Austria's export sector and the manufacturing industry will benefit in particular from the strong economy situation in Germany. The labor market continues being animated, particularly manufacturing industry-related areas.

November 5, 2010

Difficulties in the Vienna Real Estate Market

While there is a strong demand, there are few offers for investment properties in Vienna. The market turnover drops dramatically.

November 4, 2010

Wienerberger Records More Profits, but Less than Expected

Wienerberger AG recorded a 7% year-on-year increase in operating EBITDA to € 82.2 million for the third quarter of 2010. However, analysts expected even more.

November 3, 2010

Strabag and Alpine Suspected of Cartelization

Damages for 2 billion euro (2.8 billion dollars) are said to be the result of forming a construction cartel for motorway construction in Slovenia.

November 3, 2010

Strabag CEO Haselsteiner: Koralmtunnel Has To Be Built

Haselsteiner reacts sharply to criticism of the construction of the Koralm tunnel. He sees the infrastructure measure as economically sensible.

November 2, 2010

Wienerberger Plans Full Takeover of Semmelrock International

The purchase of the remaining 25% stake in Semmelrock International has been announced today. Wienerberger regards the acquisition as a “logical step”.

October 29, 2010

STRABAG Builds the Koralm Tunnel

The controversial project will be built by the construction group Strabag. The total investment amounts to around 600 million euro.

October 28, 2010

A-Tec Offers a 30% Quota

CEO Kovats is trying to rehabilitate his insolvent company with the help of creditors.

October 21, 2010

The Next Acquisition: STRABAG Buys Gaul-Group

The German Gaul-group, a regional market leader for construction materials, has been bought by STRABAG for strategic reasons.

October 20, 2010

Wienerberger Signs Agreement to Acquire Steinzeug Abwassersysteme

Planned acquisition of worldwide market leader and Europe’s largest producer of clay pipe systems

October 20, 2010

A-Tec Wins Major Contract for Project in England

A project in Australia is currently bringing A-Tec financial problems. A new project, however, offers prospects of success.

October 19, 2010

Strabag Expands its Competence in Bridge Building – New Order in Poland

Strabag SE, a large construction company in Central and Eastern Europe, signed an agreement to build a new bridge complex in Toruń, Poland.

October 18, 2010

Wienerberger: Slow Coming Out of the Crisis

The building materials industry is still growing very slowly in Eastern Europe. Focus is now on innovation and the expansion of market shares.

October 14, 2010

Strabag renews € 2 billion syndicated surety loan

Strabag SE has concluded the renewal of a syndicated surety loan (SynLoan) with a consortium of 17 international banks led by Deutsche Bank and Raiffeisen Bank International (RBI).

October 13, 2010

RHI Is Considering Raising Capital

The refractories manufacturer RHI wants to continue growing, and will need between 400 and 500 million euro for its expansion plans, the new boss of the group, Henning Jensen, said at the "Q-Check" experts forum.

October 6, 2010

Alpine: New 140 Million Euro Motorway Contract in Poland

The construction company from Salzburg is to build an 18-kilometer motorway section for almost 140 million euro.

October 5, 2010

Strabag acquires property und facility management service provider in the Czech Republic

The acquisition of 100% of ECM Facility a.s., Prague garantes the number 5 position in property & facility management in the the Czech Republic.

September 20, 2010

A-Tec's Subsidiary AE & E: CFO Brandt Moves to Sulzer

AE & E’s CFO, Juergen Brandt, will be CFO of the Swiss industrial group Sulzer. Jürgen Boggild moves to the Board.

September 20, 2010

Construction cost index up 3.4% y/y

Today, Statistik Austria announced that construction prices rose 3.4 percent compared to August 2009.

September 15, 2010

Asfinag Bond: The Motorway Operator Picked Up 1.3 Billion Euro

The local motorway operator Asfinag picked up 1.3 billion euro on the capital market.

September 14, 2010

Austria's largest construction companies by revenue

Strabag SE in 2009 remained by far the largest construction company in Austria.

July 13, 2010

Duel for lead of construction group

At the Board meeting next Thursday the new head of the construction at “Porr” could be decided.

July 12, 2010

Strabag loses job over €3b ($3,7b) in Bosnia

Strabag will terminate its order for a highway bypass in Bosnia. The project was not advertised, which is why the EBRD did not participate in the financing. The Austrian construction group Strabag is negotiating the resolution of a €3b motorway contra

July 5, 2010

Construction output declines by 14%

The massive railway expansion in the first quarter prevents an even greater decline.

July 1, 2010

Strabag keeps Implenia in suspense

Implenia, the largest Swiss construction company, always on the seeker-list from Strabag boss Hans-Peter Haselsteiner, is suddenly announcing intentions to sell.

June 25, 2010