Expansion
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Uniqa Completes Sale of Mannheimer Group
The Austrian insurance group Uniqa completed the sale of the Frankfurt listed company Mannheimer AG Holding to Continentale Versicherungsverbund. Growth in CESEE countries should be strengthened.
June 29, 2012
VIG Completed Polisa Life Acquisition in Poland
The Vienna Insurance Group AG is the new owner of the Polish life insurance company Towarzystwo Ubezpieczeń na Życie "POLISA-ŻYCIE" S.A. With this transaction, the VIG has acquired about 92 percent of the life insurer.
June 28, 2012
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OMV´s Petrom: Investments Totaled € 7.7bn Since 2004
Petrom, the Romanian subsidiary of Austrian OMV finalized the upgrade of the crude vacuum distillation unit in Petrobrazi refinery. Investments of approximately € 100m will be made.
June 27, 2012
CESEE: „Nothing Has Changed“
Walter Rothensteiner, CEO of Austrian Raiffeisen Zentralbank, is convinced of the success of the expansion into the CESEE region.
June 26, 2012
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Immofinanz Expands into Netherlands
With the acquisition of a property in the Dutch city of Den Bosch during mid-June, the Austrian real estate Group has further expanded its self-storage portfolio.
June 26, 2012
Strabag: New Contract in Moldova
€ 35m contract for the rehabilitation of 48 km between Ghindesti and Drochia. Strabag is operating in Moldova since the beginning of 2012.
June 11, 2012
Austrian Post Signed Deal in Bulgaria
The presence of a company of such a scale in Bulgaria became possible after acquiring shares in the postal operator М&BM; Express.
June 11, 2012
Verbund and EVN Develop Hydro Power Projects in Albania
The Austrian energy companies are interested in developping hydro power projects in the Western Balkan country. The investment volume reaches € 80m.
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
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Zumtobel Expands LED Production
Tridonic, the Zumtobel Group’s lighting components brand, is expanding its production capacity for LED modules.
June 4, 2012
Immofinanz: Takeover of Rostokino in Moscow Finalised
Following the approval by the Russian antitrust authorities, the purchase of the remaining 50% of the Golden Babylon Rostokino shopping center by Immofinanz Group was finalised on 16 May.
May 21, 2012
Baxter Enlarges Viennese Site
The U.S. pharmaceutical group makes investments of € 30m in Vienna. The start of operation of a new production facility is planned in 2014.
May 18, 2012
AT&S Expands in the U.S.
The Austrian printed circuit board manufacturer opens second US office.
May 14, 2012
Voestalpine Erects New Wire Production Facility
The Austrian steel producer enlarges its production capacities for ultra-high tensile fine wires.
May 7, 2012
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RHI to Acquire Orient Refractories?
The Austrian refractory manufacturer is said to take over the Delhi bases Orient Refractories. The target company denies the rumor.
May 7, 2012
Agrana Starts € 65m Investment
The Austrian sugar and starch company is laying the foundation stone for a wheat starch plant in Lower Austria.
May 3, 2012
Austrian Post Continues Expansion in CEE Region
With the purchase of “Kolportaz Rzetelny” and a stake in “M&BM; Express”, Austrian Post expands its Network in Poland and Bulgaria.
May 3, 2012
Strabag: Haselsteiner Underlines Importance of Russia
In 2007, the Austrian construction company announced to establish its third core market in Russia. However, Strabag is still far from that.
April 28, 2012
Uniqa Plans Capital Increase
The Austrian insurance group is planning a capital increase of €500 million this year “to be able to take ad-vantage of short-term growth opportunities”.
April 27, 2012
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AMAG Starts Investment Program
The Austrian aluminum company invests € 220m in the enlargement of the main site in Ranshofen, Upper Austria. RLB Upper Austria now holds a 16.5% stake.
April 26, 2012
Vienna Airport Considers Entering at Bratislava Airport
Bratislava Airport starts a request of proposal for airport operations. Vienna International Airport is interested. In Vienna, the third rope will be built in 2016 at the earliest.
April 25, 2012
VBI: Sberbank Injects € 300m
The Russian Sberbank raises the equity base of its new Austrian subsidiary VBI, which should become the hub for the CEE region.
April 24, 2012
RHI Pursues Growth Strategy in India
The Austrian RHI AG, the world’s biggest maker of fireproofing ceramics, is pursuing a takeover in India and may start a joint venture in Russia to expand its global reach.
April 21, 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
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Oberbank Aims For „Organic Growth“
The Upper-Austrian regional bank continues its growth course and underlines its financial stability and independence.
April 6, 2012
Austrian Insurance Industry: Growth Opportunities in CESEE
Last year foreign business accounted for almost 40% overall. Austrian insurers believe there is further potential, above all in Eastern Europe.
April 6, 2012
Meinl: Big Plans in Russia
The Austrian coffee roaster regards the CEE region as future market. Also China and Turkey are targeted. Last year, group revenues rose by 16% to € 125m.
April 5, 2012
Burger King to Expand in Austria
The U.S. fast food chain enlarges its Austrian branches. Moreover, Burger King aims to enter the coffeehouse segment.
March 26, 2012
Austrian Post Is Said to Expand in Poland
Austrian Post is said to be interested in Polish Kolportaż Rzetelny, Polish media report.
March 19, 2012
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Getzner Werkstoffe: on to South America Following Success in Asia
The Austrian company produces materials for vibration isolation and plans to expand into South America.
March 7, 2012
Doppelmayr Hopes for China
The Austrian cable railway producer faces a small and stagnating market in the U.S. South America and China are seen as growth markets.
March 6, 2012
Uniqa Aims for Growth in CESEE Region
The Austrian insurance group wants to sell stakes by the minority shareholders of subsidiaries in Eastern Europe. The capital increase is scheduled for 2013.
March 5, 2012
Palfinger: Joint Venture in China
The Austrian crane producer initiates a joint venture company with Chinese Sany Heavy Industries.
February 28, 2012
Bene Expands in Asia
The Austrian manufacturer of office furniture founded a joint venture together with the Singapur-based Ollo Group. Bene aims for entering new markets successfully.
February 24, 2012
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Slight Growth Rates of Spar in CEE Region
For the first time, the Austrian supermarket chain´s sales totaled more than € 12.0bn in 2012. Sales growth amounted to 3.8%.
February 24, 2012
Voestalpine to Build Two Track Switch Plants in Brazil
Voestalpine AG, Austria’s biggest steelmaker, plans to build two plants for rail-track switches in Brazil this year.
February 22, 2012
Resch Exceeds € 100m Sales
The Austrian bakery producer Resch & Frisch could record € 100m in sales last year. For 2012, sales of 105m are planned.
February 21, 2012
Voestalpine Amends Expansion Plans
The Austrian steel producer intends to use its technologic leadership in the automotive component business for further expansion steps.
February 18, 2012
Porr Takes over German TKDZ
The Austrian construction group takes over Trierer Kalk-, Dolomit- und Zementwerke (TKDZ) in Wellen.
February 17, 2012
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Agrana Expands in Russia
The Austrian fruit and starch company invests € 27m in a factory site in Russia.
February 16, 2012
Wienerberger Takes Over Pipelife
Wienerberger is acquiring the remaining 50% stake in Pipelife for € 162m. Sales will increase by € 800m.
February 15, 2012
Major Order for voestalpine
The automotive division of the Austrian steel group received orders worth € 700m.
February 14, 2012
Austrian Green Building Group Acquired Stake in Slovenian Lumar
The Austrian investment company acquired the Slovenian market leader in environmentally friendly construction.
February 7, 2012
Gebauer & Griller to Expand Supply in India
The Indian subsidiary of the Austrian automotive component supplier Gebauer & Griller expands its production line.
February 3, 2012
Lutz Enters Croatia
The Austrian furniture store group opens its largest center in the SEE region. Market leader Ikea follows in autumn 2012.
January 26, 2012
Lenzing Enlarges Capacities
The Austrian fiber company plans investments of € 130m. 110 new jobs will be created. Production starts in 2014.
January 20, 2012
TGW to Expand in China and Brazil
The Austrian storage logistics supplier gained a first contract from China after having established a distribution company. In Brazil, TGW agreed on a joint venture.
January 20, 2012
Oberbank Satisfied with 2011 Results
The Austrian Oberbank achieved “excellent“ results last year, CEO Gasselsberger stated. Profits were up by 5.5%.
January 17, 2012
Berlin as New Growth Market for CA Immo
In 2012, the Austrian real estate company plans anInvestment volume of about € 300 m in Frankfurt and Berlin.
January 17, 2012
Porr: Capital Increase Flows Smoothly
According to Porr´s CEO Karl Heinz Strauss, the Austrian construction group raises ist capital within the next 60 days. Operating business is performing well, Strauss says.
January 16, 2012
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