Page 1/53

Construction Industry

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

Strabag Builds Hydroelectric Power Plant in Bosnia-Herzegovina Worth € 57 Million

A consortium consisting of Austrian construction group Strabag and Croatian industrial company Končar has been awarded the contract to build the Vranduk power plant on the river Bosna on behalf of energy supply company JP Elektroprivreda BiH.

January 11, 2016

Strabag Wins Road Deal in Poland for € 118 Million

Listed builder Strabag won a EUR 118 million (USD 135.4 million) contract in Poland for the construction of a 15 km motorway section between Woźniki and Pyrzowice plus one motorway maintenance facility, two rest stops, 29 bridges and wildlife crossings. Completion is supposed to take place in mid-2018.

August 27, 2015

S&P Upgrades Strabag's Rating from BBB- to BBB

Rating agency Standard & Poor’s (S&P) has raised the credit rating of publicly listed construction group Strabag SE by one level from BBB- to BBB. The outlook remains at “stable”.

June 23, 2015

Strabag Builds EUR 37 Million Power Plant in Switzerland

Strabag AG is building the Rhone Oberwald run-of-the-river hydroelectric plant in the Swiss canton of Valais. The contract value of € 37 million comprises the construction of the necessary tunnels, galleries and underground chambers.

June 5, 2015

Strabag Builds Two Czech Motorways for € 24 Mln

Strabag a.s., the Czech subsidiary of Austrian-based publicly listed technology group Strabag SE, has been awarded two new motorway contracts in the Czech Republic as part of a consortium with Eurovia CS. The company will build two sections of the D3 motorway (see image) linking Prague with southern Bohemia.

March 9, 2015

Strabag SE Expects EBIT of at Least € 300 Million for 2015

Construction group Strabag SE today announced its first figures for the 2014 financial year and issued an outlook for 2015.

February 16, 2015

Strabag SE Issues € 200 Million Corporate Bond

Construction group Strabag SE issues a € 200 million corporate bond. The fixed-interest bond has a term to maturity of seven years and a coupon of 1.625 % p.a.

January 29, 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

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