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Manufacturing Industry

Magna: Workstaff in Europe to be Reduced

According to CEO Walker the factory in Graz needs to become more efficient.

May 6, 2013

CESEE: Business Climate Index Dropped in April

Enterprises in CESEE countries remain cautious for the most part.

May 2, 2013

RHI: US Proceedings Completed

Chapter 11 proceedings of the US companies deconsolidated in 2001 completed

May 2, 2013

Voestalpine: Compensations for Deutsche Bahn

Deutsche Bahn (DB) is to receive compensations by Austrian steel manufacturer voestalpine.

April 29, 2013

Poland: Trade Union Threatens With Protests

The conflict between the trade union Solidarnosc (solidarity) and the Polish Government aggravates.

April 26, 2013

Slovakia: R&D Spendings Low But Increasing

Compared with other countries, Slovakia’s R&D spendings are little but slowly and steadily they are increasing. Among the countries with the highest growth rates of R&D spendings, Slovakia ranks 5th.

April 22, 2013

Czech Republic: 5.7 % Decrease of Industrial Production.

In February 2013, industrial production decreased at constant prices by 5.7%, year-on-year; working day adjusted decreased by 1.6%. Compared to the previous month, seasonally adjusted industrial production was higher by 1.6%.

April 9, 2013

Slovakia: US Steel to Keep Producing in Kosice

US Steel and the Slovak government have come to an agreement which allows the steel manufacturer to stay in Eastern Slovakia.

April 8, 2013

Slovakia: Industrial Production Increases by 4.1 %

Production still driven by the automotive industry. Industrial production in January 2013 increased month-on-month by 4.1%.

April 3, 2013

Serbia: GDP Decreased by 1.7 % in 2012

Based on data released by the Statistical Office, GDP fell by 1.7% in 2012. Broken down by quarter, real y-o-y GDP fell by 2.7% in Q1, 0.3% in Q2, 2.1% in Q3 and 2.0% in Q4.

March 30, 2013

67 % of Estonians Work in Service Sector

According to the data of the 2011 Population and Housing Census (PHC 2011) of Statistics Estonia, 67% of persons employed in Estonia worked in service sector, 29% in industrial sector and only 4% in primary sector.

March 30, 2013

Romania: Positive Outlook on Economy for Next Months

For the months of March to May 2013, experts forecast economic growth of up to 35 % in some sectors.

March 29, 2013

Austria: How to Keep Enterprises (from Drifting Away)

At the moment, there is a subtle fear in Austria’s economy that large enterprises are going to outsource to foreign countries which is currently the case with voestalpine.

March 19, 2013

Czech Republic: Industrial Production Decreased by 4.1%

In January 2013, industrial production decreased at constant prices by 4.1%, year-on-year. Compared to the previous month, seasonally adjusted industrial production was the same as in December 2012. The value of new orders decreased by 7.6%, y-o-y.

March 15, 2013

Slovakia: CPI Remains Constant

In February, compared with January, consumer prices did not change in total. Increase in prices only in Education, Food and Health Industry.

March 14, 2013

Austria: RHI Faces Downsizing

RHI, the Austrian manufacturing company of fireproof equipment for steel and cement factories, needs to economize and is considering closing down in Europe.

March 9, 2013

Lithuania: Exports Decreased by 7.6 % in January

Foreign trade in January 2013 decreased. Major losses in Agricultural sector.

March 8, 2013

Latvia: Drop in Industrial Productivity by 3.5 %

Data of the Central Statistical Bureau show that, in comparison with December 2012, industrial production in January 2013 has declined by 3.5 %

March 6, 2013

Hungary: Percentage of Foreign Direct Investments in Decline

Foreign Direct Investments in 2012 was 5.2 % less than in 2011. According to the statistical central office in Hungary (KSH), the drop in the last quarter showed even -7.9 %. Massive declines in almost all sectors.

March 4, 2013

Romania: Moderate Growth in Manufacturing and Construction Industry

Trends in the evolution of economic activity during: February - April 2013.

March 1, 2013

Hungary: Rise in Investments in Manufactury Industry

Yet investments in the national economy in general dropped by 7.9 % compared to the last quarter of 2011.

March 1, 2013

Austria: Wienerberger in the Red

Results for 2012:Group revenues: € 2,356 million (+23% versus 2011). Operating EBITDA: € 246 million (+2% versus 2011). After tax loss: € 41 million.

February 26, 2013

Palfinger Establishes Joint Venture for Access Platforms in Italy

The Austrian crane manufacturer is establishing Palfinger Platforms Italy Srl., a joint venture with headquarters in Bolzano, Italy.

February 19, 2013

Major Contracts For Palfinger

The Austrian crane manufacturing group awarded marine contracts for EUR 90 million.

February 14, 2013

Bulgaria: Trade and Industrial Sectors Shrink

In November industrial production contracted at the same rate as in October (1.8%). The volume of output of manufacturing remained unchanged on an annual basis. The real-terms decline of domestic trade accelerated to 7.4% yoy.

February 11, 2013

Latvia: Industrial Sector Grows Significantly

Data of the Central Statistical Bureau show that, compared to 2011, manufacturing turnover1 at current prices in 2012 increasedby 11.9%, of which in domestic market by 5.7% and in export - by 18.2%. However, the growth flattens.

February 11, 2013

Romania: „Long road to growth“

Most likely, economic activity was flat in Q4 2012. Available data tracking the dynamics of economic activity in Q4 2014 paint a mixed picture, Raiffeisen Research reports.

February 2, 2013

SBO: Higher Earnings Ahead

The Austrian oilfield equipment producer Schoeller-Bleckmann (SBO) will present its results for 2012 next Thursday.

January 15, 2013

Bulgaria: Industrial Output Declines

In October industrial production shrank on an annual basis (by 1.5%) for the second consecutive month. At the same time, manufacturing output marked an increase. Construction output continued expanding.

January 11, 2013

Wienerberger: Major Contract in Northern Africa

Wienerberger´s subsidiary Pipelife wins major contract for water pipeline.

December 14, 2012

Wienerberger reduces Managing Board from Three to Two Members

Johann Windisch to leave the Managing Board and take over responsibility for the Bricks & Tiles Division in Europe. Contracts of Heimo Scheuch and Willy Van Riet extended for five years.

December 13, 2012

Wienerberger Ends External Rating by S&P

Rating relationship with Moody’s (Ba2, stable outlook) remains unchanged, the Austrian brick producer says.

December 10, 2012

RBI Sells Stake in RHI

The Austrian Raiffeisen Bank International sells the 7.3% interest in the Austrian refractory company.

December 7, 2012

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

Serbia: Manufacturing and Retail Industry Terminate Recession

As per seasonally adjusted data GDP grew in Q2/12 by 2.1% qoq after falling by 1.9% qoq in Q1/12, finally moving into the positive territory after declining four quarters in a row.

November 29, 2012

Wienerberger: Earnings Up, Profits Down

Today, the Austrian brick group has published the results for the first nine months of 2012. Group revenues were up by 18%. Net profit declined by 26%.

November 13, 2012

Palfinger Records Stable Earnings

Consolidated net result for the first three quarters of 2012 rose to € 688.2m. Revenues in non-European areas increased by 43 per cent.

November 9, 2012

RHI Opens Largest Raw Material Fusion Plant

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

November 9, 2012

RHI Increases Earnings Again

Revenues of the Austrian RHI Group increased by 7.0% in the third quarter of 2012 in comparison to the same quarter of 2011 and amounted to € 459.9 million.

November 6, 2012

RHI: Satisfying Results Ahead

The Austrian refractory company faces high expectations. The results of the third quarter will be published next Tuesday.

November 3, 2012

Palfinger Takes Over Norwegian Bergen Group Dreggen

The Austrian crane manufacturer today announced that it has agreed to take over Bergen Group Dreggen AS, a Norwegian producer of marine and offshore cranes and lifting equipment.

October 30, 2012

RHI Aims to Take Over Orient Refractories

The Austrian producer of refractories plans to expand in India. The investment may have a size of € 80m.

October 29, 2012

RHI Begins to Downsize in Europe

The Austrian refractories company plans to expand in Russia. In Europe, the first factories will be shut down in two years.

October 18, 2012

Magna is Said to Lose Manufacturing of Mini

BMW considers shifting its production from Austria to the Netherlands or the U.K.

October 2, 2012

RHI Demonstrates Optimism

The Austrian manufacturer of refractory products expects increasing revenues and a growing EBIT margin.

September 24, 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

Mayr-Melnhof to Become Market Leader in Colombia

The Austrian carton producer Mayr-Melnhof Packaging acquires Colombian Plegacol and creates a new Colombian market leader in folding cartons.

September 17, 2012

RHI Adapts Brazil Project

The Austrian producer of refractories refers to increase in import duties and anti-dumping duties in Brazil.

September 17, 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
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