ATB

ATB Enhances Profitability

In the first half year, the Austrian engineering company increased the net income and recorded stable revenues. However, the rising net result was due to the shutdown of a part of ATB´s business segments.

August 25, 2012

New CEO at ATB

Andreas Schindler is the new Chief Executive Officer of the Wolong-owned ATB Austria Antriebstechnik.

July 4, 2012

Last Financial Statement at A-Tec

The Austrian insolvent A-Tec Industries AG published its last financial statement. In 2011, A-Tec´s net income reached minus € 344m.

June 18, 2012

Schmidt Retires as CEO of ATB

ATB Austria Antriebstechnik AG Christian Schmidt retires as CEO of the ATB Austria Antriebstechnik and joins the Supervisory Board of the Company Vienna, June 8, 2012.

June 8, 2012

ATB Records Mixed Results

In spite of stagnating revenues the Austrian subsidiary of Wolong Group recorded an increase of 50% in operating results. Net income was down, though.

May 11, 2012

ATB Achieved Turnaround

Sales of the Austrian motor producer were up by 10%. Operating profits rose to € 45.2m after € -88.2m in 2010.

April 30, 2012

Wolong Wants ATB to Become World Market leader

The Chinese Wolong Group, which took over ATB last year due to A-Tec´s insolvency, has big plans for the engine producer.

March 24, 2012

Expansion of the Board of ATB

The Management Board of ATB Austria Antriebstechnik AG was enlarged: the British national Ian Lomax becomes Chief Operating Officer.

February 21, 2012

Wolong Holds 98.8% in ATB Austria

The Chinese Wolong Group has almost finished its complete takeover of the former A-Tec subsidiary ATB.

December 13, 2011

ATB Posts Loss due to Court Ruling

The former subsidiary of A-Tec lost a lawsuit and has to pay € 13.4m. EBIT amounted to € 6.1m in the period July to September.

November 11, 2011
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