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USA

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

Solid Delivers Solar Technology to the U.S.

The Styrian solar technology company has succeeded in winning three major orders from Arizona. Public buildings are to be supplied with solar energy.

April 23, 2011

Eastern Europe as Growing Market for Austrian Wine Exports

Around 80% of the Austrian wine exports are going to Germany. However, growth rates in Russia and Poland are surprisingly high.

April 23, 2011

Texas Offers Opportunities for Austria's Energy Industry

Texas imports goods for US$ 614m from Austria. There are prospects for growth in wind and solar energy above all other areas.

April 22, 2011

Overnight Stays Record for Vienna in March: +3.3%

This year, Vienna recorded its so far highest March concerning overnight stays: 867,000 overnight stays, an increase of 3.3% over March 2010.

April 21, 2011

Kapsch TrafficCom IVHS and Federal Signal Corporation enter into Cooperation for North America

Kapsch TrafficCom IVHS Corp. ("KTC ,IVHS") and Federal Signal Corp. ("FSS") have entered into a Memorandum of Understanding regarding ways in which the two organizations mutual business interests in North America.

April 20, 2011

GATX Rail Europe Announces Entry into Turkish Marketplace

The Vienna-based GATX Rail Europe today announced its entry into the Turkish marketplace with the deployment of newly-manufactured railway tank wagons.

April 18, 2011

ÖBB: Massive Losses in Ireland

The ÖBB had to write off € 260m because of a sale and lease-back transaction.

March 19, 2011

Bawag: Successful Return to Profitability

The Austrian bank, which is held by the American Cerberus fund, achieved a profit of € 125m in 2010.

March 17, 2011

Concerns about "Eurovegas"

The Austrian-American project for the construction of Europe's largest casino meets increasing opposition.

March 16, 2011

Verbund Plans an Investment for €600m in the U.S.

A new financial and strategic direction seems to be set by the Austrian Verbund group. Electric mobility is to be promoted.

March 16, 2011

Case IH: Increase in Tractor Production

The American company which produces tractors in Austrian St. Valentin, plans to expand its capacity massively.

March 12, 2011

The Madoff Affair: Austria Gets Into the Focus of U.S. Authorities

In the course of the Madoff fraud case, an American legal assistance request has now been filed before the Austrian justice system. Austrian banking circles are involved.

March 1, 2011

Philip Morris is Market Leader in Austria

The American tobacco company Philip Morris increased its market share, overtaking the Japanese Austria Tabak group for good.

February 26, 2011

Strong Sales Growth for McDonald's

The fast-food chain achieved 9.4% more customers. Sales increased by 8.7%.

February 25, 2011

Lenzing Sells Plastics Filaments Business

The Austrian fiber manufacturer sells plastics filaments business to consortium headed by the US-American Global Equity Partners

February 19, 2011

Bizarre Allegations of Meinl against Atrium

The ongoing conflict between the Austrian bank and the US-Israeli real estate fund shows new and unusual facets.

February 16, 2011

Red Bull Intends to Double Sales

The Austrian energy drink producer plans a period of strong growth for the next eight years.

February 15, 2011

Haidlmair Group: Major Contract from the U.S.

The medium-sized Austrian toolmaker Haidlmair has obtained a major contract from a U.S. logistics company.

February 12, 2011

Manpower Austria Increased Sales

The sales of the U.S. services group Manpower increased last year by 54% to € 130m in Austria.

February 8, 2011

Four Major Orders for Andritz

The Austrian Andritz Hydro receives international orders to equip four hydropower plants. The contract value is € 80m.

February 4, 2011

Consumption Expenditure of Foreign Tourists Grows

Russian and Chinese tourists are proving to be particularly generous consumers in Austria. Overall sales rose by 23% in 2010.

February 3, 2011

Atrium Terminates Trust Agreements with Meinl

The US-American/Israeli fund Atrium terminates trust agreements with the Austrian Meinl Bank AG under the 2003 and 2005 bonds due to “important reasons”.

February 3, 2011

Kapsch TrafficCom Names new CEO for its North American Operations

The Austrian Kapsch TrafficCom AG names Christopher F. Murray President & CEO of Kapsch TrafficCom IVHS effective February 1.

February 2, 2011

Constantia Packaging Sells Austrian Subsidiaries

The industrial holding owned by the US-american JP Morgan sells the board manufacturer Duropack and the aluminium company AMAG.

January 31, 2011

Pankl: Acquisition of US-company

The Austrian technology company Pankl Racing Systems AG increases its stake in Californian aerospace subsidiary from 75% to 100%

January 29, 2011

"Austria Does Not Deserve an AAA Rating"

The chief economist of the American Citigroup, Willem Buiter, also denies Austria, alongside the U.S. and the UK, the right to the AAA rating.

January 29, 2011

GM Powertrain-Austria Celebrates its 20 Millionth Transmission

The Austrian General Motors subsidiary also invested € 50m in the five-speed transmission production in 2010.

January 28, 2011
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