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Austrian Industrial Company Headlines

C.A.T. Vs. CAT (Caterpillar)

Listed Austrian oilfield equipment maker C.A.T. oil AG was renamed officially to Petro Welt Technologies AG. The cause for this step was an ongoing dispute with U.S. construction machine maker Caterpillar Inc (CAT) due to the name rights.

August 24, 2016

Electromobility Offers Austria Huge Potential

Electromobility offers Austria a huge potential, a study commissioned by Klima und Energiefonds (KliEn) indicates. According to the study, by 2030 Austria’s automotive industry could gain EUR 3.1 billion in added value and 33,900 new jobs, thanks to the expansion of emobility.

August 22, 2016

What Brexit Means for Austria: Mitterlehner, Kurz, Fiat Steyr

Mitterlehner hopes that the referendum will end in Britain staying in the EU. Kurz says, that Brexit would be terrible. Fiat could relocate production of agriculture and construction machine maker CNH (Case New Holland) from UK to Steyr in case of Brexit.

June 20, 2016

Melecs EWS Electronics Set to Expand in China

Austrian electronics firm Melecs EWS is set to expand in China where it recently opened a new production plant in Wuxi, Jiangsu Province, the company said. By the end of FY 2017/18, Melecs EWS expects revenues from Chinese operations of EUR 70 million (USD 78.7 million) a year. The plant employs 200 staff.

June 15, 2016

AT&S Electronics Reports Mixed Results Because of New Plant in Chongqing

The listed Styrian circuit board producer AT&S has reported mixed results for the financial year 2015/16 due to the launch of its new plant in Chongqing. Sales increased by 14.4 percent to EUR 762.9 million. At the same time EBIT slumped 14.6 percent to EUR 77 million - AT&S announced. Group result decreased from EUR 69.3 million to EUR 56 million (USD 63.8 million).

May 10, 2016

Battery Maker Banner Saw Its Revenue and Sales Volume Hike by 8 Percent

Upper Austria battery maker Banner from Leonding saw its revenue and sales volume hike by 8 percent each in the just ended FY 2015/16 (end of March). 4.1 million starter batteries have been sold, the revenue settled at EUR 258 million the company announced. Growth was achieved mostly thanks to the rising demand for enhanced flooded batteries for vehicles, which Banner has been supplying since 2015 for Volkswagen mid-sized cars. Over the past five years Banner has invested over EUR 40 million (USD 45.9 million) in its plant in Leonding. A new facility is to be build in Pasching, close to Leonding, for EUR 35 million, although the project is meeting with a lot of resistance among local communities.

May 6, 2016

Linz-Based Unit of Bilfinger Delivers EUR 10 Mln Pipe System to Egypt

Bilfinger VAM, a Linz-based unit of German construction firm, will enjoy a capacity utilisation until autumn thanks to the contract for a pipe system in Egypt, the company said. The firm shares the EUR 10 million (USD 11.3 million) deal with another Bilfinger unit.

April 7, 2016

Voestalpine Acquires Specialty Steel Firms in Shanghai and Barcelona

Voestalpine steel buys two specialty steel firms. With the purchase of Advanced Tooling Tek (ATT) in Shanghai, China, and the Sermetal Group in Barcelona, Spain, Voestalpine is enhancing its position as a producer of special steels. Both companies are specialized in the processing and sale of special steel products for tool and mold-making, a segment whose main customers are the automotive and electronics industries. Together ATT and the Sermetal Group have around 160 employees and generated a total revenue of around EUR 43 million in 2015.

April 7, 2016

Porsche Bank Increased Number of Leasing Contracts

Porsche Bank increased the number of leasing contracts in Austria by 6.6 percent to 133,471 in 2015, growing at a much faster rate than the market (+2.7 percent). The bank holds 26.7 percent share on the Austrian leasing market which makes it a clear leader, CEO Hannes Maurer boasted. The bank provided neither income, nor earnings figures. Balance sheet total in Austria stood at EUR 3 billion last year.

March 31, 2016

Ex-Magna Boss Buys Former Employer's Headquarters in Oberwaltersdorf

The Styrian Car Manager of Oleg Deripaska's Russian Machines Company and former Magna CEO Siegfried Wolf has bought the former Magna headquarters in Oberwaltersdorf.

March 2, 2016