Sponsored
Page 2/7

Expansion

Voestalpine to Announce Decision on Expansion Into North America

The Austrian steel group plans a major investment in North America. According to voestalpine´s CEO Wolfgang Eder, the decision will be announced in February.

February 9, 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

BUWOG to Strongly Expand Business in Berlin

Germany remains motor of growth for the Austrian real estate company. The subsidiary of Austrian Immofinanz acquires properties with 34,500 m² total space for 520 flats.

January 10, 2013

EVN to Enlarge Renewable Energy Production and Expand into Russia

The Vienna-listed energy producer wants to change its energy production portfolio. The hydro power, wind power and solar power production will be enlarged.

December 17, 2012

Voestalpine: Major Investments in U.S.

The Austrian steel company wants to build a steel plant for $ 1.0bn in the U.S.

December 17, 2012 · Updated: December 17, 2012; 14:53

RHI: USA and India as Growth Markets

CEO Franz Struzl considers expanding into India, Russia and the U.S. Investments will reach about € 50m.

December 1, 2012

RHI: 2012 Will be Successful

The Austrian refractory company will record a substantial increase in revenues and earnings, CEO Struzl says. However, results of the fourth quarter are expected to slacken.

November 30, 2012

„Too Many Banks in Austria“

Hannes Androsch, President of the Austrian bank holding Fimbag, warns that Austria´s exposure in CESEE countries is disproportionately high.

November 28, 2012

Voestalpine: Expansion into U.S.

The special steel division Böhler Uddeholm of the Austrian steel producer voestalpine opens a new site in Illinois.

November 15, 2012

Borealis to Acquire Dutch DEXPlastomers

The Austrian chemical group expands into the Netherlands.

November 12, 2012

RHI Opens Largest Raw Material Fusion Plant

Largest on-shore investment in Norway. Independence from Asian imports strengthened.

November 9, 2012

Romanian Postmaster Fully Owned by Austrian Post

Austrian Post has acquired the remaining 74% shareholding in the Romanian company Postmaster s.r.l. which is the leading alternative postal services provider in Romania.

November 8, 2012

Lenzing Group Expands in Indonesia

Successful start of the fifth line at Indonesian subsidiary SPV. PT. South Pacific Viscose (SPV) is now the world’s largest viscose fiber plant.

November 6, 2012

Donau Chemie Starts Expansion in Hungary

The Austrian chemical group invests € 6.5m in a new factory in Eastern Hungary.

October 29, 2012

OMV Signs Major Oil Acquisition in Norway

“A further important move to establish Norway as core country in OMV’s Exploration and Production portfolio”: The Austrian oil group acquires a 20% stake in the Edvard Grieg oil field development from RWE.

October 16, 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

OMV Expands in Pakistan

OMV and Latif joint venture partners sign lease deed for the development of Latif gas field in the province of Sindh, Pakistan. Latif field production will contribute around 6,000 boe/d of production to OMV in 2014.

October 5, 2012

Eastern Europe Remains Austria´s Future Region

The Austrian economist Christian Keuschnigg thinks that the opening of Austrian companies toward Eastern Europe was a “highly favourable event”.

October 4, 2012

Palfinger Strengthens its Market Presence in South America

Through the acquisition of Tercek, the Austrian crane manufacturer expandts into Brazil. Regional presence and market growth offer opportunities of strategic interest, Palfinger notes.

September 20, 2012

Vienna Insurance Group Becomes Market Leader in Macedonia

After the acquisition of QBE Makedonija, Vienna Insurance Group ranks first in the Macedonian insurance market.

September 17, 2012

RWE Agrees to Strategic Collaboration with Serbian Energy Utility EPS

The German energy group has signed a Memorandum of Understanding on further development of energy generation in Serbia. The focus will be on laid on hydropower.

September 11, 2012

Oberbank to Expand in Hungary

The Austrian regional banks plans to open new branches in Hungary

September 5, 2012

Magna Denies Reports on Expansion in Poland

According to Polish media reports, Magna was said to invest € 238m in Poland. The Canadian automotive group denies expanding in Poland.

September 4, 2012

Palfinger´s Joint Venture in China Starts Operations

The Austrian crane manufacturer is about to intensify its China activities. After only six months, the competent authorities have given their approval to the Group’s joint venture with the Chinese Sany Group.

September 3, 2012

Re-IPO to Increase Uniqa´s Free Float

In 2013 or 2014, the Austrian insurance company plans a Re-IPO. At the moment, the preparations are already under way.

August 29, 2012

Telekom Austria Considers Partnership With Dutch KPN

At the beginning of December, Telekom Austria´s CEO Hannes Ametsreiter will present a common strategy with Dutch KPN. In meantime, synergies should be found.

August 29, 2012

Vienna Airport: Resistance Against Third Landing Strip

In 2020, 30m Passengers are expected at VIA. Thus, a third landing strip is essential, VIA´s management argues. However, citizen movements oppose to the plan.

August 25, 2012

Slim to Enter Polish Telecom Firms

The Mexican investor, who recently acquired a 25.9% in Telekom Austria, wants to expand in Poland.

August 25, 2012

Crisis in Eurozone: Stepic Is Optimistic

In an interview with the Austrian newspaper “Presse”, RBI´s CEO Herbert Stepic expects that the crisis will be managed until 2015.

August 25, 2012

VIG Aims to Expand in Poland

Vienna Insurance Group is interested in the Polish subsidiaries of ING and Aviva. However, there are no sales plans yet.

August 23, 2012

Voestalpine Expands Into USA

In the next several years, the Austrian steel group will be investing more than € 100m in new plants in China, the USA, South Africa, Romania, and Germany

August 23, 2012

VIG to Grow in Hungary

Vienna Insurance Group intends to expand into Hungary. The Eastern neighbor country is the favorite growth market, the Austrian insurance group said.

August 22, 2012

Verbund: Sale of Enerjisa May Bring Synergies

The German energy group eon is said to be interested in Verbund´s stake in the Turkish Enerjisa. In exchange, Verbund should receive hydro power plants in Southern Germany and Austria.

August 20, 2012

Telekom Austria Under Pressure

In Austria, the competitive pressure is growing. America Movil wants Telekom Austria to grow in the CESEE region.

August 17, 2012

Hungary: Erste Group Expands

The Austria major bank purchases the private banking segment of BNP Paribas in Hungary.

August 9, 2012

Lenzing to Expand Further

Lenzing´s CEO explains that the frame conditions for Lenzing are highly satisfying at the moment. However, 2012 will not be another record year.

August 7, 2012

Kapsch TrafficCom Strengthens Presence in Mexico

The Austrian IT company acquired 33% of Mexican SIMEX.

August 1, 2012

Strabag to Expand into Italy

The Austrian construction group intends to enter the Italian construction company „Autostrade Pedemontana“.

July 31, 2012

AUA Invests € 80m in Long Distance Flights

Lufthansa´s subsidiary Austrian Airlines upgrades its airplanes. Ten long distance plances will be renewed.

July 30, 2012

Telekom Austria: Expansion Program to be Accelerated

After the entry of Carlos Slim, Telekom Austria hopes to get more funds for further expansion steps.

July 30, 2012

Novomatic Expands into U.K.

Astra Games Limited, part of the Austrian Novomatic Group confirmed that, the purchase of trade and assets of the Danoptra Group companies Gamestec Leisure, Bell-Fruit Games, RLMS Sales and Mazooma Interactive Games has now been formally concluded.

July 20, 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

Bank Austria: Major Investment at Russian Subsidiary

UniCredit Group increases the equity base of the Russian subsidiary.

July 14, 2012

€ 500m Cash Capital Increase by Uniqa Completed

Upon termination of the subscription offer, Austrian UNIQA Versicherungen AG has placed all 47,619,048 new shares offered in the cash capital increase.

July 13, 2012

OMV Steps into Deep Water Gas Development in Northern Norwegian Sea

OMV acquires 15% stake in the Aasta Hansteen field development from ExxonMobil and increases its stake in the Norwegian Sea Gas Infrastructure project by 6.15%.

July 13, 2012

Zumtobel Group Strengthens its Presence in China

The Austrian lighting company announces that the newly built factory was opened in Tianjin, China, for road and tunnel lighting. R&D activities in China will be expanded.

July 12, 2012

Vienna Airport to Build Third Landing Strip

Vienna International Airport is now entitled to start the construction works oft he third landing strip. The construction works will take two years.

July 11, 2012

Telekom Austria Not Interested in Telecom Kosovo

The privatization of the state-owned Kosovan PTK has begun. Telekom Austria will not participated in the sales process.

July 5, 2012

Czech Republic: OMV Withdraws, MOL Expands

The Hungarian oil and gas group purchased 124 petrol stations in the Czech Republic. The Austrian OMV continues its downsizing strategy.

July 4, 2012