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Engineering Industry

Andritz Expands in Germany

Andritz acquires 38.5% stake in Schuler AG, Germany, and announces takeover offer to purchase the remaining shares.

May 29, 2012

Major Orders for Sandvik Austria

The Austrian subsidiary of the Swedish plant construction group achieved two major orders in Brazil and Laos.

May 11, 2012

Strong Growth at Palfinger

Revenue and EBIT increased by another 17 per cent. The Austrian crane manufacturer expects a moderate growth trend in 2012.

May 10, 2012

Andritz Continues Strong Performance

The Austrian technology Group ANDRITZ saw a favorable business development during the first quarter of 2012. Sales grew by 28.4%. Net income was up by 36.5%.

May 4, 2012

Major Order at TGW by U.S. Gap Inc.

The U.S. specialty apparel retailer Gap Inc selects the Austrian TGW Systems to manage their residual carton handling operation.

May 2, 2012

Major Order at Andritz by Mondi Austria

International technology Group Andritz has been selected by Mondi Group to supply a 1,200 tds/d recovery boiler for Mondi Frantschach at its mill in Carinthia.

April 19, 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

Andritz Acquires U.S. Bricmont Inc.

The Austrian technology Group Andritz has acquired Bricmont Inc. from Inductotherm Group. Bricmont is headquartered in Pittsburgh, Pennsylvania, USA, and includes certain assets in China and India.

March 30, 2012

Andritz Receives Order from ThyssenKrupp

The Austrian technology group is awarded to supply equipment for stainless steel production to ThyssenKrupp Nirosta, Germany.

March 29, 2012

Rising Dividend at Andritz

The annual general meeting approves substantial dividend increase and split of shares at the Austrian technology group.

March 22, 2012

Andritz Receives Major Order from Turkey

The Austrian technology Group Andritz has received an order to supply equipment for Beyhan-1 hydropower station in Turkey. The order value amounts to € 44m.

March 21, 2012

Andritz Receives Order in DR Congo

The Austrian technology Group Andritz received a contract for reconstruction and rehabilitation of two Francis units (178 MW each) for the Inga 2 hydropower plant, DR Congo.

March 19, 2012

Turkey as Growth Market for Siemens Austria

Siemens Austria ´s CEO Wolfgang Hesoun regards Turkey as most attractive growth market, as the economy is highly diversified and shows high economic growth rates.

March 12, 2012

Binder + Co Shows Strong Growth

The Austrian environmental technology company Binder+Co grows further in 2011: Sales revenues up by 29%, EBIT by 18%, order intake increased by 25%.

March 8, 2012

SBO: Massive Rise in Profits

The Austrian Schoeller-Bleckmann Oilfield Equipment notes a substantial improvement in results of 2011. Profits increased by 95%.

March 8, 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

Kuhn Holding Buys Emco

A purely Austrian solution was found for the former A-Tec subsidiary. The Austrian mechanical engineering company is acquired by Kuhn Holding.

December 21, 2011

Major Order from Russia for Siemens Austria

The Russian railway company RZD reserves eight high-speed trains “Velaro RUS”. The order will be delivered in January 2014.

December 20, 2011

Many Applicants in Emco Sale

The Austrian mechanical engineering company, which is a subsidiary of the insolvent A-Tec group, is highly sought-after. The sale price is estimated to reach € 30m.

December 19, 2011

Declining Profit for Doppelmayr

The Austrian ropeway manufacturer achieved a slight plus in turnover. The group result dropped by 11%.

December 2, 2011

Bombardier Considers to Leave Vienna

The Canadian company is threatened to close its factory in Vienna, unless the city government orders new subway trains.

November 14, 2011

Andritz: Analysts Optimistic

The Austrian engineering and technology group Andritz is expected to report a significant rise in sales, earnings and profits.

November 5, 2011

R&D Expenses on the Rise

The largest Austrian Enterprises increased their budgets for research & development by 9.6% on average. This is slightly beyond the global average (9.3%).

October 24, 2011

GM Makes Major Investment in Austria

The U.S. corporation invests € 50m in its Viennese powertrain factory.

October 19, 2011

Binder+Co Presents Promising Technology

The Austrian machine and plant manufacturer and a Chinese partner together developed a new method for production of lightweight materials.

October 13, 2011

NKE Expands in Spite of Stagnation

The Austrian engineering company invests massively and created further jobs. The entry to China should bring growth again.

October 10, 2011

ATB is Optimistic to Find a New Buyer

The subsidiary of the insolvent A-Tec corporation is looking for a new owner. Now, it is important to find a quick solution.

October 10, 2011

BMW Austria Fears Lack in Skilled Labor

The German automobile corporation´s factory in Steyr, Austria, already produces 5000 engines per day. 200 new workers were hired this year.

October 4, 2011

Potential for Austrian Suppliers in Spain

The Austrian AWO started a market exploration journey to Spain in order to create first business contacts. In the first term of 2011, exports to Spain grew by 6.6%.

October 3, 2011

Kresta Takes Over Swiss Buss ChemTech

The newly acquired company will become the technology center of the Austrian plant building company.

September 30, 2011

Andritz Not Affected by Belo Monte Construction Stop

The Austrian technology group is optimistic that the ban will be lifted soon and that the € 330m order will be fulfilled.

September 29, 2011

Trumpf Austria: „European Quality and Asian Cost Level“

In the last business year 2010/11, Trumpf Maschinen Austria was able to report substantial growth. The Austrian subsidiary of the German company still experiences no downturn of the business cycle.

September 12, 2011

FACC to Build Construction Plant in Russia

The Upper Austrian aircraft component manufacturer and its Russian partner invest a total of € 55m in Kazan. The new plant will supply components for commercial aircraft starting from 2013.

August 18, 2011

SBO Tripled Profit

The Austrian oilfield equipment company presented strong half-year results. Sales went up 52%, EBIT increased from € 14.2m to € 40.1m.

August 18, 2011

Binder+Co Moves Up a Gear in the First Half of 2011

The Austrian machine and plant manufacturer achieved significant growth in the first six months of the year. EBIT increased from € 2.24m to € 3.03m.

August 17, 2011

Strabag to Cooperate with German Engineering Company

The Austrian construction group entered into a co-operation in the field of power engineering. The agreement is expected to strengthen the group’s position in existing markets.

August 11, 2011

Andritz: Favorable Business Development in Second Quarter 2011

The Austrian technology group showed a good business development in the second quarter of 2011 and increased all relevant key figures compared to last year’s reference period.

August 9, 2011

Binder+Co Takes Over Italian Mechanical Engineering Company

Through the acquisition, the Austrian machine and plant manufacturer enlarges its portfolio and expands its sales network in the Mediterranean region.

July 12, 2011

Strong Development of Exports in Austrian Machinery Industry

In the first three months of the year, Austrian enterprises exported machinery and metalware for € 6.04bn. Germany is the main trading partner of the industry.

July 11, 2011

Binder+Co Starts 2011 with Strong First Quarter Growth

The Austrian machine and plant manufacturer began the 2011 financial year in a successful manner. Company sales revenues were some 44% higher at € 17.34m, EBIT more than trebled to € 1.10m.

May 18, 2011

Strong Growth Rates for Schoeller-Bleckmann

The Austrian oilfield equipment company recorded strong results in the first quarter. Sales went up by 81.8%, EBIT quadrupled to € 20m.

May 18, 2011

Siemens Manufactures Parts for a New Train Generation in Graz

Siemens manufactures components for 130 new trains for the Deutsche Bahn (DB-German Railways) until 2030 in Graz. The contract is worth € 6.0bn.

May 11, 2011

Palfinger: Rise in Revenues by 48% in Q1/2011

Huge plus in revenue and earnings recorded in the first quarter of 2011. The Austrian crane manufacturer expects further growth for 2011.

May 10, 2011

Andritz: Good Business Development in the First Quarter of 2011

The Austrian technology Group increased all relevant key figures compared to last year’s reference period.

May 6, 2011

FACC Reports Substantial Rise in Earnings

FACC AG returned to its planned rate of growth during the past fiscal year by virtue of strong operational business developments. Revenue rose 8% to € 272 m (previous year: € 251 m).

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

Teufelberger Becomes Supplier of Automotive Industry

The specialty cable manufacturer from Upper Austria is undertaking its first steps to establish itself in the automotive supplier industry.

April 27, 2011

FACC Expands Austrian Establishment

The Chinese aircraft component group accelerates the pooling of development activities at the Upper Austrian establishment.

April 5, 2011

Upward Trend for Austria's Machinery and Metal Products Industry

The Austrian machinery and metal products industry has recovered in 2010 from a very difficult previous year. Orders increased to € 29.6bn (+18.3%), production to € 32.7bn (+6.5%).

March 25, 2011 · Updated: March 25, 2011; 03:12

Good Prospects for Austria's Electric Industry

In its industry report, Bank Austria considers there is a sustainable recovery for the electric industry in spite of continued price pressures.

March 23, 2011
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