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USA

Strong Growth for Exports to USA in 2012

This year, Austrian exports to the U.S. will reach the level of 2008. The export volume will amount to € 6.0bn this year.

November 12, 2011

Bawag Sues Linz For € 418m

The U.S.-owned bank now sues the Upper-Austrian capital. Linz has terminated a swap contract based on Swiss Francs.

November 8, 2011

Intercell Still Reports Losses

The Austrian pharmaceutical company could reduce its net losses from € 50.8m to € 20.62m. For the full year the net loss expectations ranges up to € 40m.

November 8, 2011

Starbucks to Expand in Austria

The U.S. company plans to strengthen ist market presence in Austria. In 2011, a double-digit sales growth is expected.

November 7, 2011

Linz Believes in Victory Over BAWAG

The capital of the province of Upper Austria filed a lawsuit against Bawag, which is held by the U.S. investment funds Cerberus.

November 2, 2011

bwin.party to Enter USA

The British-Austrian gambling company has now found a partner in ordert o provide its gambling services in the U.S.

November 2, 2011

Growth in U.S. Winter Sports Market as a Chance

Against 2010, the U.S. winter sports market shows a rise in sales of 12%. The Austrian winter sports industry regards this as chance.

October 25, 2011

R&D Expenses on the Rise

The largest Austrian Enterprises increased their budgets for research & development by 9.6% on average. This is slightly beyond the global average (9.3%).

October 24, 2011

Subway to Restart in Austria

The U.S. fast food chain aims to return to Austria. In 2005, Subway had to leave, which was due to the insolvency of a franchising partner.

October 24, 2011

GM Makes Major Investment in Austria

The U.S. corporation invests € 50m in its Viennese powertrain factory.

October 19, 2011

U.S. Investor Buys 44% Stake in Leica

The U.S. investment fund Blackstone acquired 44% in Leica Camera from the Austrian investor Andreas Kaufmann.

October 19, 2011

U.S. Company Claims $ 25m From Andritz

The U.S. company Ovalstrapping accuses the Austrian technology Company Andritz to have copied its technologies. Andritz defends itself.

October 19, 2011

Austrian Food Exports are Booming

About 66% of the domestic food production is being exported. Germany remains the most important foreign market.

October 10, 2011

UniCredit: Sale of Bank Austria?

According to market rumors, the Italian bank considers to sell its Austrian subsidiary in order to strengthen its own position. Bank Austria´s CEO Cernko denies fiercely.

October 8, 2011

Upper Austria Waits for Google

The Austrian province already has provided the infrastructure for the U.S. internet service provider google. But construction works for the data processing center did not began until now.

October 8, 2011

Layoff at UPC

The Austrian subsidiary of the U.S. group Liberty Global further reduces staff.

September 20, 2011

German and Austrian Economy Claim Improvements for Company Loans

Representatives of the German and Austrian Economy fear adverse impacts for company loans from the new Basel III rules.

September 20, 2011

AMSC Cuts Jobs in Austria

The Amercian Superconductor Corporation (AMSC) decided to cut 150 jobs at its subsidiary Windtec. In Austria, 40 positions are concerned.

September 13, 2011

The 2012 Viennese Opera Ball in New York

Dignitaries, Diplomats and Debutantes will open the 57th Viennese Opera Ball in New York on Friday, February 3, 2012.

September 12, 2011

Lenzing Group: Capacity expansion completed at the Heiligenkreuz/Burgenland plant

The Lenzing Group has successfully completed its capacity expansion drive initiated three years ago at the fiber production facility located in Heiligenkreuz (Burgenland, Austria).

September 7, 2011

Austrian Foreign Trade Rising Significantly

January to June 2011: Austrian imports rose by almost 19%, Austrian exports increased by more than 17%

September 6, 2011

Emporia has Expansion Plans

The Austrian manufacturer of mobile phones for elderly persons intends to enter the US and the Russian market.

September 5, 2011

Rosenbauer Receives Record Order from Brazil

The Austrian manufacturer of fire fighting vehicles will outfit Brazilian airports with 80 Panther ARFF ready for Football World Cup 2014. It is the biggest single order for this vehicle in the company’s history.

August 18, 2011

Do & Co Expands in New York

The Austrian catering company has expansion plans. The production area in New York will be doubled and one company will be acquired by the end of the year.

August 9, 2011

Austrian Companies Not Worried by US Downgrade

Despite falling share prices, most Austrian companies with exposure to the USA remain confident.

August 9, 2011

The Austrian Trade Commission in Los Angeles

The Austrian Trade Commission in Los Angeles is a point of contact for products/specific information of the following sectors: Business Opportunities, Sourcing References, Trade Shows & Events, Doing Business, Investment.

August 4, 2011

The Austrian Trade Commission in Chicago

The Austrian Trade Commission in Chicago is a local link to Austrian companies, products and services and Austria as an investment location in the heart of Europe.

August 4, 2011

The Austrian Trade Commission in Washington D.C.

The Austrian Trade Commission in Washington D.C. cooperates with the Austrian Embassy, Austrian representatives at various International Financial Institutions (World Bank, IMF...

August 4, 2011

The Austrian Trade Commission in New York

The Austrian Trade Commission in New York is a "one stop shop" for most things you need to do business with Austria, including following services: Business Opportunities, Sourcing References, Trade Shows & Events, Doing Business, Investment.

August 4, 2011

First European U.S. Sustainable Construction Forum

The Austrian Trade Commission Chicago is organizing a “First European U.S. Sustainable Construction Forum” on Monday, October 3, 2011 with the goal of bringing together leading companies from both sides of the Atlantic.

August 4, 2011

4th Annual Conference for Executives of Austrian Subsidiaries in the U.S.

The Austrian Trade Commissions are organizing a forum for an exchange of ideas and experiences between Austrian companies and their partners in the US.

August 4, 2011

Pankl Acquires US-Based Superior Crankshaft

The Austrian component supplier takes over 100% of the American crankshaft producer which was also founded by Gerold Pankl.

July 27, 2011

Kapsch TrafficCom Awarded Major Contract in the U.S.

The American subsidiary of the Austrian technology group won a ten-year contract for the operations of an electronic toll collection system in 14 states.

July 22, 2011

SensorDynamics Acquired by Maxim

The Styrian semiconductor company was sold to Nasdaq-listed Maxim Integrated Products. The American group will pay approximately $ 130m (€ 92.3m).

July 19, 2011

Austrian High Q Technologies Sold to US Company

The Austrian manufacturer of lasers is acquired by Californian Newport, a global supplier of advanced products and solutions in several technology fields.

July 14, 2011

Austrian dynaTrace Acquired by US Company

The global technology leader in APM solutions has been taken over by American Compuware. The transaction price amounts to $ 256m.

July 11, 2011

RHI: Plans for New Plant in the US

The Austrian producer of refractory materials intends to open a new factory in the US. In the long run, bricks for the North American market will be produced locally.

July 4, 2011

Patent Protection to Become Cheaper

In Europe patent protection is currently ten times more expensive than in the US or Japan. Austria will participate in an EU-wide cooperation which will reduce the cost significantly.

June 20, 2011

austriamicrosystems Acquires US-based Company

The Styrian microelectronics and semiconductor manufacturer is going to buy 100% of the shares in an American light sensor supplier for $ 320m (€ 220m).

June 16, 2011

Bawag-CEO: “No Exit of Cerberus in 2012”

After five years, a sale of the Austrian bank would become possible next year. The shoe retailer Stiefelkönig will be sold this summer.

June 15, 2011

Swarovski to Invest in US Jewelry Retailer

The Tyrolean optics and crystal group is attracted by a global distribution network of 2,000 stores. The two companies already have a strategic partnership.

June 7, 2011

Austrian Companies on Roadshow to New York

The 2nd Austrian Equity Day in New York, co-organized with Crédit Agricole Cheuvreux, will be held on Monday, 6 June 2011.

June 3, 2011

Growing Sales at Wiesner-Hager Furniture

Wiesner-Hager, the Austrian office furniture specialists succeeded in completing the business year 2010/11 with growths both in sales and profits.

May 14, 2011

Intercell: Sale Is No Longer Ruled Out

The new CEO of the Austrian pharmaceutical company, Thomas Lingelbach intends to implement a new strategy for the company. A sale is possible.

May 11, 2011

Austria's Energy Industry Considers the U.S. as a Promising Market

The U.S. market offers opportunities for Austrian technology in solar systems, pellet stoves, biogas, biomass and software to control wind turbines

May 10, 2011

Oracle Partners with Linz University

The U.S. software giant opens a research laboratory at the Johannes Kepler University in Linz.

May 10, 2011

Kraft Foods Austria Reports Rising Sales

The U.S. food company could rise its sales figures by 4.8% in Austria. However, costs are increasing substantially.

May 9, 2011

Austria's Current Account: Net Income 2.7% of the GDP

Austria's current account achieved a surplus of € 7.8bn or 2.7% of the GDP in 2010. The domestic economy was thereby able to prove its high competitiveness.

May 5, 2011

WKÖ Considers Nevada as Optimal Trading Partner

Nevada is diversifying towards renewable energies: huge opportunities for Austrian companies are expected.

April 29, 2011

Vienna Insurance Group Launches new ADR Programme in the US

The Vienna Insurance Group AG Wiener Versicherung Gruppe is grouping the independent American Depositary Receipt (ADR) programmes.

April 28, 2011