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Engineering 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

Andritz Subsidiary Schuler Lands Large-Scale Contract in China

Schuler AG has received a further major order from FAW Volkswagen Automotive Co., Ltd. The Chinese company ordered press line with ServoDirect Technology and a servo tryout press for its Qingdao facility. With a total force of 81,000 kilonewtons, the servo press line will be mainly used to produce car body parts, such as hoods or doors. The order value is in the middle double-digit-million-euro range.

November 30, 2015

Schuler Acquires Majority Stake in Chinese Press Manufacturer

Schuler AG, a member of international technology Group Andritz, has signed a contract for the acquisition of a 51% stake in the Chinese press and machine tool manufacturer Yangzhou Metal Forming Machine Tool Co., Ltd. (Yadon). Yadon is a manufacturer of mechanical presses in China and has annual sales of approximately 120 million euros.

June 23, 2015

Andritz Signs EUR 100 Million LoI in Finland

Listed engineering Group Andritz has signed a letter of intent with Metsä Fibre to deliver key production technologies for a new bio-product pulp mill with an annual capacity of 1.3 million tons of pulp in Äänekoski, Finland. The order value for Andritz is over 100 million euros. Start-up of the planned mill is scheduled for August 2017.

February 13, 2015

Andritz Signs EUR 250 Million Deal in the UK

Listed engineering group Andritz will supply equipment worth EUR 250 million for the world’s first tidal lagoon hydropower project in Swansea Bay, Wales.

February 10, 2015

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

Andritz: Slight Sales Increase in H1 2014 Attributable to Schuler Group

Technology Group Andritz showed slight sales increase in the first half of 2014 in a still challenging overall economic environment. Sales increased by +1.9%. The order intake amounted to +18.0%. EBITA amounted to +37.7% and the EBITA margin was 5.0%.

August 7, 2014

Czech Industry Highly Dominated by Foreign Investors

In total, 42% of the company´s capital is controlled by non-domestic investors. This is the result of a study compiled by Bisnode.

August 2, 2013

Siemens Austria Plans Radical Job Cut

The Austrian subsidiary of the German technology group wants to reduce its workforce.

July 16, 2013

Construction of voestalpine plant in US by Siemens and Midrex

voestalpine entrusts construction of the direct reduction plant in Texas to Siemens and Midrex.

July 5, 2013