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Engineering Industry
Expo 2020 Dubai: Austria's Youth Showcase Their Innovation
The four teams that won Austria's "Innovative Youth" competition will get to showcase their projects at the World Expo 2020 in Dubai. Read about the competition and what the winning projects were.
January 27, 2022
Voestalpine: Short-time Work in 50 European Subsidiaries
The biggest economic challenge of the past decade represented by the coronavirus pandemic has hit the Austrian technology group Voestalpine hard. Short-time work in Austria and other European countries such as Germany, Belgium and France is unavoidable due to the slump in demand.
March 24, 2020
Linz-Based Unit of Bilfinger Delivers EUR 10 Mln Pipe System to Egypt
Bilfinger VAM, a Linz-based unit of German construction firm, will enjoy a capacity utilisation until autumn thanks to the contract for a pipe system in Egypt, the company said. The firm shares the EUR 10 million (USD 11.3 million) deal with another Bilfinger unit.
April 7, 2016
Andritz Subsidiary Schuler Lands Large-Scale Contract in China
Schuler AG has received a further major order from FAW Volkswagen Automotive Co., Ltd. The Chinese company ordered press line with ServoDirect Technology and a servo tryout press for its Qingdao facility. With a total force of 81,000 kilonewtons, the servo press line will be mainly used to produce car body parts, such as hoods or doors. The order value is in the middle double-digit-million-euro range.
November 30, 2015
Schuler Acquires Majority Stake in Chinese Press Manufacturer
Schuler AG, a member of international technology Group Andritz, has signed a contract for the acquisition of a 51% stake in the Chinese press and machine tool manufacturer Yangzhou Metal Forming Machine Tool Co., Ltd. (Yadon). Yadon is a manufacturer of mechanical presses in China and has annual sales of approximately 120 million euros.
June 23, 2015
Andritz Signs EUR 100 Million LoI in Finland
Listed engineering Group Andritz has signed a letter of intent with Metsä Fibre to deliver key production technologies for a new bio-product pulp mill with an annual capacity of 1.3 million tons of pulp in Äänekoski, Finland. The order value for Andritz is over 100 million euros. Start-up of the planned mill is scheduled for August 2017.
February 13, 2015
Andritz Signs EUR 250 Million Deal in the UK
Listed engineering group Andritz will supply equipment worth EUR 250 million for the world’s first tidal lagoon hydropower project in Swansea Bay, Wales.
February 10, 2015
OSCE Special Monitoring Mission to Ukraine Starts the Use of Austrian Drones
The OSCE (Organisation for Security and Cooperation in Europe) Special Monitoring Mission to Ukraine (SMM) today completed the maiden flight of its unarmed/unmanned aerial vehicles (UAVs) before members of the media near Mariupol in eastern Ukraine. The OSCE will use unmanned and unarmed drones for the monitoring of the border between Ukraine and Russia.
October 23, 2014
Andritz: Slight Sales Increase in H1 2014 Attributable to Schuler Group
Technology Group Andritz showed slight sales increase in the first half of 2014 in a still challenging overall economic environment. Sales increased by +1.9%. The order intake amounted to +18.0%. EBITA amounted to +37.7% and the EBITA margin was 5.0%.
August 7, 2014
Czech Industry Highly Dominated by Foreign Investors
In total, 42% of the company´s capital is controlled by non-domestic investors. This is the result of a study compiled by Bisnode.
August 2, 2013
Siemens Austria Plans Radical Job Cut
The Austrian subsidiary of the German technology group wants to reduce its workforce.
July 16, 2013
Construction of voestalpine plant in US by Siemens and Midrex
voestalpine entrusts construction of the direct reduction plant in Texas to Siemens and Midrex.
July 5, 2013
Major Contract for Andritz in Switzerland
Andritz to modernize Innertkirchen 1 and Handeck 2 hydropower stations, Switzerland
June 11, 2013
Siemens VAI to Modernize Ukrainian Steel Plant
The signing of a major contract in Ukraine for Upper-Austrian industrial plant construction company Siemens VAI is in its final steps.
June 10, 2013
Andritz Lands Major Contract With Mondi
Andritz to support Mondi’s program for energy optimization and environmental protection with supply of state of the art plants and technologies
March 12, 2013
Andritz Acquires Majority stake in Shanghai Shende Machinery
Austrian technology Group Andritz has acquired an 80% stake in Shanghai Shende Machinery Co. Ltd., a renowned supplier of technologies and systems for feed and biomass pelleting.
January 28, 2013
A-Tec: Quota Reaches 39%
The insolvent A-Tec Group pays out the insolvency quota next week.
November 7, 2012
Andritz Group With Solid Business Development
The Austrian technology Group Andritz showed solid business development during the third quarter of 2012 and the first three quarters of 2012. Net income was up by 11.1%.
November 6, 2012
Major Order for Andritz in Laos
The Austrian technology group has received an order from CH. Karnchang (Lao) Company Ltd. to supply the electromechanical equipment for the Xayaburi run-of-river hydropower station.
October 25, 2012
Andritz is Concerned About China
The CEO of Andritz Wolfgang Leitner thinks that there are substantial risks for the Chinese and European economy.
October 10, 2012
Andritz Acquires Allied Environmental Solutions, USA
The Austrian technology Group Andritz has acquired Allied Environmental Solutions, Inc. (AES), with headquarters in Columbia, Maryland, USA.
October 8, 2012
ATB Enhances Profitability
In the first half year, the Austrian engineering company increased the net income and recorded stable revenues. However, the rising net result was due to the shutdown of a part of ATB´s business segments.
August 25, 2012
SBO Exceeds Expectations
Schoeller-Bleckmann Oilfield Equipment AG: Half-year record sales and profit figures were up substantially. EBITDA increased by 37.9%.
August 23, 2012
SBO: Analysts Demonstrate Optimistism
Tomorrow, the Austrian Schoeller Bleckmann Oilfield Group will present its results for the first half year of 2012. All relevant indicators are expected to improve substantially.
August 22, 2012
Austria at Medical Fair Asia 2012
Top medical products “made in Austria” at MEDICAL FAIR ASIA and MEDICAL MANUFACTURING ASIA 2012 from September 12 2012 to September 14 2012 in Singapore.
August 20, 2012
Engineering Companies to Finland
Seven Austrian companies working in mechanical engineering are going to visit Tampere and Helsinki from September 19 to September 21 2012.
August 20, 2012
2012 Export Winners Series: Andritz AG
Since 1994 the Austrian Federal Economic Chamber and the Austrian Federal Ministry of Economy, Family and Youth have been awarding "Export prizes" to Austrian companies for their exceptional success on international markets.
August 9, 2012
Siemens Austria: Major Contract in India
A consortium led by Siemens Austria was awarded with a contract worth € 290m by the Indian National Mineral Development Corporation Limited (NMDC).
August 7, 2012
Moderate Increase in Andritz Earnings
The Austrian technology Group ANDRITZ showed satisfactory business development in the second quarter of 2012. Sales rose by 15.1%, EBITA wa up by 10.1%.
August 7, 2012
Positive Forecasts for Andritz
Analysts expect a substantial rise in order intake. Sales should grow by 15%. Next week, the Austrian technology company presents its results for the second quarter.
August 3, 2012
SBO: „We are growing organically“
In an interview with the Austrian business magazine „Wirtschaftsblatt“, SBO´s CEO Gerald Grohmann underlines the company´s intention to keep the gearing low and generate further growth.
July 31, 2012
Sikorsky and Pankl enter into new long Term Supply Agreement
Austrian Pankl Aerospace Systems wins first Sikorsky Entrepreneurial Challenge.
July 23, 2012
Siemens Austria to supply Electrical Works to Indian BMM Ispat
The Indian steelmaker BMM Ispat Ltd. ordered the core systems for an electrical steel plant from Siemens VAI Metals Technologies.
July 23, 2012
Botlek Lift Bridge: Major Order for Waagner-Biro
Waagner-Biro Bridge Systems AG has received de order for the drive system of "Botlek lift bridge" with a value of € 30m and has firmly established itself against well-known international competitors.
July 17, 2012
FACC Builds New Technology Center
The Austrian aviation company enlarges its R&D activities. The new technology center should be completed in 2013.
July 16, 2012
Schuler Recommends Accepting Takeover Bid by Andritz
The Board of Management and the Supervisory Board of the German engineering company recommend that shareholders accept the takeover bid issued by Andritz. A Bid price of € 20.00 per share is deemed to be fair.
July 12, 2012
FACC Achieves Record Turnover
Operating result remains high despite massive increase in development activities. Positive outlook thanks to increasing demand for aircraft and constant development of market position.
July 6, 2012
New CEO at ATB
Andreas Schindler is the new Chief Executive Officer of the Wolong-owned ATB Austria Antriebstechnik.
July 4, 2012
Austrian Companies Exhibiting at Farnborough Airshow
Farnborough International Airshow is the world's most iconic global aviation event and one of the most important exhibitions in the aerospace industry worldwide.
July 4, 2012
Austrian Delta Bloc UK Wins British Precast Innovation Award
Delta Bloc UK, have been awarded British Precast’s Innovation award for 2012 for their Precast Concrete Road Safety Barrier project on the M4 in South Wales.
July 4, 2012
Strong Demand for Andritz Corporate Bond
Due to strong demand, subscription period terminated today prematurely. The volume issued amounts to € 350m. Two thirds were subscribed by Austrian private investors
July 4, 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
London Cable Car Put Into Action
This week, the official opening of the 'Emirates Air-Line' (London Cable Car) took place. The cable car was produced by the Austrian manufacturer Doppelmayr and the Swiss partner Garaventa.
June 29, 2012
U.S. Hedge Funds Hinders Andritz
The Austrian technology group Andritz plans a complete takeover of the German Schuler Group. The U.S. hedge funds Elliott Capital recently acquired a stake in Schuler.
June 25, 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
Andritz Biomass Plant Opened in Sweden
The operation of Andritz' third biomass power plant in Sweden has been successfully transferred to its owner, Bollnäs Energi, during a celebration on 25 May 2012.
June 6, 2012
Andritz: Remarkable Order Intake in India
The Indian subsidiary of Austrian Andritz Hydro started 2012 on a promising note by getting a number of new contracts in India and abroad.
June 6, 2012
Erne Fittings First Austrian 100% Ownership in Saudi-Arabia
Erne buys a 50% share from the former joint venture company Mada in Jubail, Saudi Arabia.
June 4, 2012
Andritz Now Holds 53.5% in Schuler
The Austrian technology group acquires just over another 5% of Schuler AG shares.
June 1, 2012
Andritz Acquires Further 10% of Schuler AG Shares
The Austrian technology group now has access to 48.5% of the total shares.
May 31, 2012
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