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Austrian Industrial Company Headlines

Voestalpine Buys Italian Drawn Wire Producer

Voestalpine is expanding its activities in the drawn wire business segment and has completed its acquisition of Italian company Trafilerie Industriali S.p.A. based in Nervesa della Battaglia (Treviso). The acquisition of this Italian manufacturer of special wires brings additional strength to the Voestalpine product portfolio of drawn wire for the automotive industry.

January 12, 2015

Strabag Builds Volkswagen Factory in Wrzesnia, Poland

Strabag Sp. z o.o., the Polish subsidiary of publicly listed Strabag SE, has been awarded the contract to build a new production plant for Volkswagen commercial vehicles in Poland. The automobile manufacturer plans to manufacture the next generation of its VW Crafter delivery van in the new factory in Września. Strabag has been commissioned to build three of the five modern production and industrial buildings that form part of the overall investment by the middle of 2015.

December 3, 2014

Heimo Scheuch: "Wienerberger Bricks Secures Liquidity Reserves up to 2019"

Wienerberger AG today announced the conclusion of a new revolving credit line with a volume of Euro 400 million. It has a term extending to November 2019, replaces the previous facility and provides ongoing financing for general corporate purposes. According to Wienerberger, the strong interest led to an increase in the volume from the originally planned Euro 350 million to Euro 400 million. The bank consortium includes 10 banks under the direction of the long-standing partners Danske Bank A/S, Raiffeisen Bank International AG and UniCredit Bank Austria AG.

November 21, 2014

Strabag Extends Container Port in Mauritius for € 90 Mln

Strabag is extending and strengthening the container harbour at Port Louis, Mauritius, together with its partner Archirodon Construction (Overseas) Co. SA. The project has a volume of about € 90 million (USD 115 million), of which Strabag holds 50 %, and is to be completed in slightly over two years.

November 20, 2014

Hyundai and Opel Motor Vehicles Top the List of Newly Registered Passenger Cars

A total of 26,945 registrations of new motor vehicles in Austria was observed in October 2014, by 0.8% more compared to October 2013.

November 11, 2014

Voestalpine with Jump in Earnings in the First Half of the Business Year

Despite a persistently challenging economic climate, the voestalpine Group posted a largely solid performance during the first half of the business year 2014/15 (April 1, 2014 to March 31, 2015). At -1.5%, revenue was down slightly, from EUR 5.64 billion to EUR 5.56 billion.

November 5, 2014

Strabag Consortium Builds € 300 Mln Eisack River Undercrossing for Brenner Base Tunnel

The construction group Strabag, in a consortium with the Italian construction companies Salini Impregilo, Consorzio Cooperative Costruzioni CCC and Collini Lavori, signed the € 300 million contract to build the Eisack Undercrossing section of the Brenner Base Tunnel.

October 24, 2014

India to Emerge KTM Production Hub by Year End

India is on the cusp of emerging as the lead production hub of Austrian motorcycle brand KTM with the four motorcycles manufactured at the Chakan plant poised to outsell super-sports and off-road bikes rolling out of the Mattighofen facility in Austria.

October 23, 2014

FACC and Parent AVIC to Shift Manufacturing of Passenger Cabins from Austria to China

During the China trip of Economy Minister Mitterlehner, Foreign Affairs Minister Kurz and Agriculture Minister Rupprechter, FACC AG and parent Aviation Industry Corporation of China (AVIC) have re-confirmed their "plans to enter into a strategic partnership relating to the integration of aircraft passenger cabins in China". Over the long run this means, that Austrian know-how and Austrian jobs will be moved and outsourced to China.

October 23, 2014

OSCE Special Monitoring Mission to Ukraine Starts the Use of Austrian Drones

The OSCE (Organisation for Security and Cooperation in Europe) Special Monitoring Mission to Ukraine (SMM) today completed the maiden flight of its unarmed/unmanned aerial vehicles (UAVs) before members of the media near Mariupol in eastern Ukraine. The OSCE will use unmanned and unarmed drones for the monitoring of the border between Ukraine and Russia.

October 23, 2014