High Tech Industry

Still Losses at update software AG

update software AG, an Austrian provider of CRM solutions listed on the Frankfurt Stock Exchange, has released its preliminary results for 2010.

January 28, 2011

WKÖ Celebrates 40 years of Diplomatic Relations between Austria and China

The Austrian Economic Chamber stresses the relevance of China for Austria's foreign trade in the context of the anniversary.

January 27, 2011

Strong Increase in Sales at AT&S

The Austrian technology group records sales amounting to € 365m in the first nine months 2010, which is a plus of 34%.

January 26, 2011

Magna Expands Styrian Plants

The automotive supplier invests around € 30m for capacity expansion of in two Austrian locations to accept new orders.

January 22, 2011

"Conversations about the Future" between Austrian and Canadian IT companies

The Austrian IT industry, motivated by Canadian success models, intends to strengthen its role in the domestic economy significantly.

January 22, 2011

Andritz Receives Major order from Brazil

The Austrian technology group supplies equipment for a pulp mill in Eldorado, Brazil.

January 22, 2011

austriamicrosystems Reports Increase in Revenues

austriamicrosystems reports preliminary unaudited financial information for full year and fourth quarter 2010.

January 20, 2011

Recovery is in Sight for Keba

The Austrian automation manufacturer regains its pre-crisis levels, in particular through exports to growth markets.

January 18, 2011

Management Change at IBM Austria

Tatjana Oppitz is the new Director-General at IBM Austria, replacing Leo Steiner.

January 7, 2011

SW Umwelttechnik: New Orders Totalling € 6.5m

OMS, the engineering company of the Austrian SW Group, won contracts in Hungary and Romania valuing a total of € 6.5m.

January 5, 2011

NXP Sells Sound Solutions Business

The major electronic company NXP moves to the Styrian Gratkorn. The former Philips-subsidiary has sold its division for speakers located in Vienna, Austria.

December 26, 2010

Austrian Economic Chamber focuses Growth Market China

Minister of Economy Mitterlehner presented together with the President of the Economic Camber, Leitl, strategies for the export market China.

December 17, 2010

Decline in sales at Siemens Austria

Sales have dropped by 20% but the profit situation is stable. Orders have improved by 14%.

December 16, 2010

WKÖ: EU patent to stimulate Austrian innovation

The Austrian Economic Chamber (WKÖ) welcomes the enhanced cooperation for the EU-wide patent and hopes to obtain benefits for the domestic economy.

December 16, 2010

SIS to be Sold to Atos Origin

The French Atos Origin Acquired Siemens IT Solutions and Services, both companies expect synergy effects. Drastic job cuts in Vienna are feared.

December 15, 2010

ATB Group Still Records Losses

The A-Tec division ATB publishes its results for the first nine months: declining sales and losses.

December 14, 2010

Serious setback for Intercell

The Vienna vaccine manufacturers has to terminate a research project unexpectedly at a late stage. Heavy losses are expected for this year.

December 14, 2010

Doubts Over Kovats’s Restructuring Plan

The value of AE&E Group is dubious. Kovats could have problems with the quota.

December 10, 2010

Andritz: Major Order from Taiwan

Andritz receives major order for annealing and pickling line for stainless steel strip in Taiwan.

December 9, 2010

Strong Sales Growth at Infineon Austria

The semiconductor manufacturer increased sales by 47% in 2009/10. The Austria location will be expanded.

December 6, 2010

Economic Chamber in Tokyo: Biotechnology as an Opportunity

The President of the Vienna Economic Chamber, Brigitte Jank, sees above all great opportunities for Austria in Japanese biotechnology and pharmaceutical industries.

December 6, 2010

Failure of Austria's Software Industry

The President of the VÖSI, Peter Kotauczek, draws a sobering summary of the efforts of domestic software manufacturers.

December 6, 2010

aws is Commited to the Promotion of Technology

The Austrian development bank aws (austria wirtschaftservice) provides staffing and strategic action steps in order to implement innovative and technological trends.

December 1, 2010

Expansion Potential of Austrian Pharmaceutical Industry in Japan

Japanese pharmaceutical companies need new products and international cooperation. An opportunity for local companies.

December 1, 2010

A-Tec: Kovats’s Prestige Projects on the Brink

Due to the insolvency of the A-Tec Group. founder and CEO Mirko Kovats will have to give up prestigious projects such as his A-Jet.

November 29, 2010

WIFO: Budget Consolidation in the EU is Not Sustainable

WIFO criticizes the consolidation programs of the individual EU countries for being easily enforceable, but containing hardly any sustainable measures.

November 29, 2010

Is the Austrian Industry still competitive?

The chief economist of the Industriellenvereinigung (IV), Christian Helmenstein, draws a sobering picture on the future of the domestic industry.

November 26, 2010

Siemens Opens Multimedia Center in Vienna

Vienna gets new headquarters. Siemens inaugurates a "World Competence Center" for multimedia with its own research areas.

November 25, 2010

SW Umwelttechnik Announces Q1-Q3 2010 Results

The Vienna Stock Exchange-listed company, SW Umwelttechnik, was able to increase its turnover by 15 % to € 54.2m compared to the previous year when it reached € 47.0m.

November 24, 2010

India: New Promising Market for Austrian Supply Industry

Car sales in India rise steadily by 30%. Indian vehicle and component manufacturers are increasingly showing interest in foreign technology.

November 23, 2010

WKÖ Promotes Trade With Developing Countries

The Economic Chamber Austria presents its strategies to strengthen Austrian companies in order to take advantage of business opportunities in developing and emerging countries more effectively.

November 23, 2010

Lufthansa-CEO Mayrhuber Moves to Infenion

Infineon Nominates Wolfgang Mayrhuber as Designated Supervisory Board Chairman and Appoints Dominik Asam as New Chief Financial Officer.

November 23, 2010

F-Star Acquired Major Order

The Vienna-located f-star and Boehringer Ingelheim to collaborate in discovery and development of therapeutic antibodies.

November 23, 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

Economic Espionage: Damages for 880 Million Euro in Austria

Every year, Austrian companies lose 880 million euro to economic and industrial espionage.

November 18, 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

Roche Lays Off 400 Jobs in Styria

The Swiss pharmaceutical group reduces its international workforce by 6%: a setback for the region.

November 18, 2010

Binder&Co; Announces Q1-Q3 Results

Binder was able to increase its order intake by 50% over the previous year. However, company sales revenues and EBIT remained below the 2009 level.

November 17, 2010

Infenion Announces 4Q 2010 Results

Quarterly revenue up by 6 percent sequentially. Segment Results of € 171m, a 24 percent increase from prior quarter.

November 16, 2010

Fabasoft Announces Figures for the First Half of 2010

Fabasoft AG announces preliminary Group figures for the first half of the fiscal year 2010/2011. Slight losses are expected.

November 12, 2010

S&T Denies Bankruptcy Petition

The Vienna Stock Exchange listed IT company provides S&T is facing widespread allegations. It has been rumored that the company is faced with a bankruptcy petition.

November 12, 2010

BWT Announces its Results for Q3

BWT records a strong growth in revenues and EBITDA. However, net results fell by 10%.

November 12, 2010

Pankl Announces Results for 2009/10

The Styrian company Pankl Racing Systems AG presented its preliminary results for the 12-Month period in fiscal year 2009/10. Revenues grew by 20.5 percent in Q4.

November 11, 2010

Results of Telekom Austria Group for the First Nine Months

Group revenues declined by 3.9% to € 3,480.1m, operating income increased dramatically.

November 10, 2010

Kapsch CarrierCom Gets Major Contract for GSM-R Project in Spain

Kapsch was commissioned by the Spanish railway authority Adif with the implementation of a GSM-R network.

November 9, 2010

Windtec: World Market Leader In Only 5 Years

The Carinthian developer of wind turbines has catapulted in just five years to the the position of global market leader.

November 8, 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

Kapsch TrafficCom Acquires Mark IV IVHS

Mark IV IVHS is the largest supplier of electronic toll collection (ETC) equipment in North America. Kapsch pays USD 70 million.

November 6, 2010

Unexpected Rise in Research Expenditure

Against the general trend, Austria's economy is increasingly investing in research and know-how.

November 4, 2010

Andritz Acquires RITZ Pumpenfabrik, Germany

International technology Group ANDRITZ has signed a contract to acquire the German company RITZ

November 2, 2010
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