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Upper Austria

Austrian Property Prices on the Rise

Since 2009, the average increase in property prices in Austria came at 18.5%. Above all, the demand in land is growing substantially.

September 14, 2012

Different Economic Dynamics Among Austrian Provinces

In 2011, Styria achieved the highest economic growth rate among the nine Austrian provinces. This year, Upper Austria is expected to lead the ranking.

June 4, 2012

Voestalpine to Invest € 500m at Main Site

The Austrian steel company builds a new strand casting house. Voestalpine warns of excessive greenhouse gas regulations.

March 22, 2012

Central-Upper Austria Overtakes Vienna in GDP per Capita

The urban Upper Austrian region Linz-Wels has the highest GDP per capita in Austria. Vienna ranks second.

January 31, 2012

VKB Records Rise in Results

The regional bank VKB´s operating result improved by 9.0%.

January 28, 2012

S&P Downgrades Austrian Provinces

The U.S. rating agencies lowers ratings for Upper Austria, Vienna and Tyrol from “AAA” to “AA+”.

January 26, 2012

FACC Builds R&D Center in Upper Austria

The Austrian aircraft component manufacturer invests a total of € 54m in the project. Turnover is expected to increase by 20% to € 330m in the current year.

November 18, 2011

Capital Increase for Energie AG

The Upper-Austrian regional energy provider will raise its capital by € 200m.

November 5, 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

Tiger Coatings Continues Expansion in China

The Upper Austrian producer of industrial coatings will open a new plant in western China. Group turnover will amount to € 175m in 2011.

September 30, 2011

AMAG to Expand Capacity of Canadian Smelter

The Austrian manufacturer of aluminum products is currently negotiating the project with four partners.

September 16, 2011

Miba Reports Strong Growth in Sales

The Austrian component supplier achieved a sales increase of 38.5% in the first half of FY 2011/12. EBT amounted to € 28.6m, slightly higher than in the previous year.

September 9, 2011

Emporia Hires Boris Nemsic as Advisor

The telecom expert was appointed to the advisory board of the Upper Austrian manufacturer of mobile phones for elderly people.

September 8, 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

FACC to Build Construction Plant in Russia

The Upper Austrian aircraft component manufacturer and its Russian partner invest a total of € 55m in Kazan. The new plant will supply components for commercial aircraft starting from 2013.

August 18, 2011

Upper Austrian PAA Laboratories Acquired by GE Healthcare

The Pasching-based cell culture company will combine with the global provider of medical technologies and services. The deal is expected to close in the third quarter.

August 18, 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

Zhengzhou Acquires Plant in Upper Austria

The Chinese state-owned company takes over a textile machine factory in Linz from Swiss Oerlikon.

August 9, 2011

Hypo Upper Austria Expects Stable Results

The Austrian regional bank achieved profit before taxes of € 16.6m in the first half of the year, up 1.2% year-on-year.

August 8, 2011

German Rail Cartel: Increasing Pressure on voestalpine

The German Federal Cartel Office made new inspections at a local subsidiary of the Austrian steel company. According to press reports, price fixing on the German rail market continued until 2011.

July 20, 2011

RLB OÖ to Sell Its Stake in Polytec

The Upper Austrian regional bank will sell its shares in the component supplier for approximately € 34m.

June 29, 2011

Miba Continues Its Growth Course

The Austrian component supplier’s level of orders reached a peak of € 260m. Sales increased by 41.5% to € 138.7m in the first quarter.

June 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

Miba Engine Running at Full Speed

The Austrian component supplier could significantly increase its results. EBIT could rise more than threefold. Investments are pushed strongly.

May 5, 2011

Better Results for Lenzing

The Austrian pulp manufacturer Lenzing expects better performance in 2011 than originally forecast.

May 5, 2011

Rise in Sales and Profits for Linz Textil

"Our profits did not just rise, they exploded", CEO Dionys Lehner stated.

May 2, 2011

High Tech Industries Achieves Turnaround

HTI High Tech Industries AG ("HTI"), currently listed in the mid market of the Vienna Stock Exchange, generated significant earnings growth in the first quarter of 2011.

April 29, 2011

Teufelberger Becomes Supplier of Automotive Industry

The specialty cable manufacturer from Upper Austria is undertaking its first steps to establish itself in the automotive supplier industry.

April 27, 2011

Every second Company Concerned by Crisis in Libya and Japan

According to a survey in Upper Austria, 46% of the companies are concerned by the rise in commodity and energy prices or by supply bottlenecks in the electronic industry.

April 23, 2011

Banner on Growth Course

The Upper-Austrian manufacturer of car batteries could raise its sales up to € 225m. Investments of € 20m are planned.

April 22, 2011

Lenzing to switch to prime market of Vienna Stock Exchange on 18 April

Lenzing AG will start listing on the Vienna Stock Exchange’s prime market – the premium segment – as of 18 April 2011.

April 16, 2011

Resch &Frisch - Expands to Italy

The baked goods producer was able to increase its sales in 2010 again. The market is to be expanded to the south.

April 13, 2011

Slight Rise in Results for Sparkasse Oberösterreich

The regional bank could achieve an operating profit of € 96m in 2010. This enabled the pre-crisis levels to be reached again.

April 2, 2011

voestalpine Increases Research Budget to a Record High

In the new business year 2011/12, which begins on April 1, 2011, the Austrian steel company set asiede more than € 120m for product and technology development.

March 30, 2011

Lenzing: Demand is Greater than Capacity

The Upper Austrian pulp producer finds it difficult to cope with the growing demand. Further works are planned.

March 15, 2011

RLB Upper Austria Intends to Grow in Russia

The regional bank Raiffeisenlandesbank Upper Austria (RLB) purchased a 2.95% share in the South Russian Krayinvestbank in Krasnodar.

March 14, 2011

Nufarm Expands its Site in Upper Austria

The Australian manufacturer of pesticides is expanding production capacity at Linz.

March 12, 2011

AMAG: First IPO since 2007

After more than three yeas, a new company will be listed on the Vienna Stock Exchange: the aluminum company AMAG.

March 10, 2011

Capital Increase for Lenzing AG

Lenzing and B & C announce plans for Public Offering of Lenzing shares. € 75m are to be raised.

March 9, 2011

Borealis Invests in Linz

The Austrian-Arab plastics manufacturer builds a new plant for € 75m at the Upper Austrian location.

March 9, 2011

Lenzing AG: 2010 Figures Confirmed

The management of the Austrian Fiber Manufacturer proposes dividend of € 1.55 per share for 2010.

March 9, 2011

Significant Growth for Borealis

The Austrian chemical company records substantial growth in sales. Profits grew from € 38m to € 333m.

February 26, 2011

Rosenbauer Group: Growing Sales and Results

EBIT could almost double, revenues rose by 10%. However, the order intake decreased by 14%.

February 24, 2011

Strongly rising Sales and Earnings for Lenzing Group

The Lenzing Group, an Austrian operator in cellulose fibers for the textile and nonwovens industry, achieved record results in the 2010 business year.

February 22, 2011

voestalpine: EBIT Rise Three-Fold

The Austrian steel company voestalpine records a further progression of earnings in 3rd fiscal quarter 2010/11.

February 19, 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

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

Burger is the New Chairman of the Vivatis Group

The food company, owned by RLB Oberösterreich obtains an industry expert with Armin Burger.

February 9, 2011

Energie AG Plans Capital Increase

The Upper-Austrian energy company is to raise funds in order to realize further investment projects.

February 7, 2011

Berglandmilch Merger Approved

The merger between the Austrian market leader Berglandmilch and Tirolmilch was approved by the Federal Competition Authority (FCA).

February 5, 2011