Canada

Automotive Industry Outlook in NAFTA Markets

In October, an automotive mission to Mexico and Detroit will be held by the Austrian Trade Commissions Mexico, Toronto and Chicago.

March 12, 2012

Magna: Production on the Rise

The Canadian automobile supplier company increased its sales by one quarter. In Austria, car production was up by 51%.

February 25, 2012

Pecik is Said to Enter AMAG

The Austrian investor, who holds a 20% stake in Telekom Austria, seems to be interested in the Austrian aluminum producer AMAG

February 23, 2012

AMAG to Become New Owners?

About one third of Austrian aluminum producer´s shares are for sale. Raiffeisen and B&C are potential buyers.

February 4, 2012

Austrian Mercedes Production Endangered to Shift to Hungary

Construction of the SUV Mercedes G-class could switch from the Magna factory in Graz to Hungary.

January 24, 2012

Styrian Mining Company Causes Problems for Austrian Banks

The Austrian mining company Decometal has debts reaching € 250m. Now, the company will be restructured. Loans must be extended.

December 28, 2011

Magna Powertrain Expands in Styria

The Canadian automotive supplier again invests in the Austrian plan Lannach. Investments of € 30m are planned.

December 6, 2011

Vienna Has the Best Living Standard

The Austrian capital defended its position as the city with the highest standard of living. It is followed by Zurich and Auckland.

November 29, 2011

Bombardier Considers to Leave Vienna

The Canadian company is threatened to close its factory in Vienna, unless the city government orders new subway trains.

November 14, 2011

AMAG Builds New Plant in Canada

The Austrian aluminum manufacturer participates in a CAD 1.5bn contract. AMAG´s share is 20%. The project brings a new capacity of 355,000 tons.

October 31, 2011

Austrian IT Service Provider Expands to Canada

The IT-service company Navax has ambitious growth plans. Expansion should not only take place in Austria, but also in Canada, Switzerland and Germany.

October 31, 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

Strabag Bores New Tunnel in Canada

The Austrian construction group won a € 200m contract for a wastewater tunnel in the Greater Toronto Area. It is a follow-up order after completion of tunneling below Niagara Falls.

August 29, 2011

Frank Stronach to Apply for Casino Licenses

The Austro-Canadian founder of Magna and the German Gauselmann Group establish a company with the goal of entering the Austrian gambling market.

August 26, 2011

Strong Plus in Sales for Magna

The Canadian component supplier increased sales by 29% to $ 14.5bn. In Austria, the company employs approximately 11,000 people.

August 5, 2011

€ 110m Project for Andritz

The Austrian technology group Andritz will supply Francis turbines and generators for the Mica hydropower plant in Canada.

March 29, 2011

AMAG: € 170m Special Dividend before IPO

The owner of the Austrian metal company will sell 60% to 80% of the shares. Moreover, a capital increase is planned.

March 15, 2011

Magna Pushes its Presence in Emerging Markets

The Austrian-Canadian automotive supplier intends to expand its international presence in the BRIC countries.

February 12, 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

Magna Expands Styrian Plants

The automotive supplier invests around € 30m for capacity expansion of in two Austrian locations to accept new orders.

January 22, 2011

"Conversations about the Future" between Austrian and Canadian IT companies

The Austrian IT industry, motivated by Canadian success models, intends to strengthen its role in the domestic economy significantly.

January 22, 2011

Bright Outlook For Magna

The Canadian/Austrian automotive component supplier today announced its financial outlook and expects a significant increase in sales as well as profits.

January 14, 2011

Stronach Sells Shares to Magna

The founder and long-time Chairman of the board of the Austria-Canadian Magna Group, Frank Stronach, only holds 5.14% now.

December 30, 2010

Change in Magna´s Management

The Austrian-Canadian component supplier announces a change in its Board of Directors. Belinda Stronach leaves.

December 22, 2010

Magna: Significant Increase in Sales and Earnings

Magna International Inc. today reported financial results for nine months ended September 30, 2010.

November 5, 2010

Andritz Hydro to supply propeller turbines for Lower Mattagami hydropower project, Canada

International technology Group Andritz has been awarded a contract by Kiewit-Alarie a Partnership to supply three propeller turbines and generators for the Lower Mattagami River Project being developed by Ontario Power Generation in Ontario, Canada.

July 13, 2010
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