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Manufacturing Industry
Voestalpine Hopes for Participation in South Stream Project
CEO Eder announced the Austrian Steel Manufacturer was leading “intensive” talks with Russian energy company Gazprom.
May 16, 2013
Austria: Pipelife Strengthens Wienerberger Q1 Results
Long, snowy winter leads to volume declines for Bricks & Tiles Europe. Report First Quarter 2013
May 8, 2013
Magna Negates Downsizing
The Canadian-Austrian automotive component supplier Magna has rejects the alleged cut in workstaff in its plant in Graz.
May 6, 2013
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
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