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Steel Industry

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

Strabag Builds a Section of Polish A4 Motorway for € 85 Mln

A consortium consisting of Strabag Sp. z o.o. and Budimex S.A. has signed the contract to build a 41 km section of the A4 motorway from Rzeszów to Jarosław in south-eastern Poland. The gross contract has a value of about € 170 million. Strabag holds a 50 % share in the consortium. The construction time is estimated to take 14 months.

September 18, 2014

Strabag to Build Koscierzyna Bypass in Poland for EUR 40 Mln

A consortium of Strabag Poland and its subsidiary Heilit+Woerner has been awarded the design-and-build contract for a 7.6 km bypass around the city of Kościerzyna in northern Poland. The 7.6 km carriageway includes various civil engineering structures and environmental protection measures. The contract has a value of about € 40 million (PLN 165 million).

September 11, 2014

Buwog: The ATX of the Vienna Stock Exchange has a New Member

At today's meeting, the Index Committee has decided on changes in the composition of Austrian stock indices. All changes become effective as of 22 September 2014. In the Austrian leading index, ATX, Mayr-Melnhof Karton AG will be replaced by BUWOG AG.

September 2, 2014

voestalpine AG / voestalpine with stable development in the first

Despite slightly decreasing sales revenues, voestalpine Group was able to marginally increase the operating result (EBITDA), respectively to keep the profit from operations (EBIT) largely stable. Earnings before and after tax increased significantly.

August 5, 2014

Poland: Strabag to Construct S7 Section “Trasa Nowohucka” in Kraków Worth € 130 Million

A consortium comprising Strabag Sp. z o.o. and Heilit+Woerner Sp. z o.o, two subsidiaries of Austrian listed company Strabag SE, has signed a contract for the construction of a stretch of the planned S7 expressway in the east of Kraków, called “Trasa Nowohucka”, which will run between Rybitwy and Igołomska.

July 24, 2014

Strabag to Build Steel Plant in Russia for € 300 Million

Publicly listed construction group Strabag SE has been contracted by Russia’s Tula-Steel Company to build a steel production and rolling mill in Tula, some 200 km south of Moscow. The industrial complex will be constructed in close vicinity to Tulachermet’s existing iron mill. The contract value is € 300 million. Construction of the project will begin in autumn 2014 and is expected to be completed within 36 months. Also today, BWB the Austrian antitrust authority has approved the acquisition of a total of 25% in Strabag by Oleg Deripaska, the Russian oligarch.

July 14, 2014

Voestalpine Plans Further Acquisitions

In an interview with the Financial Times, Voestalpine CEO Wolfgang Eder confirms his ambition to grow through acquisitions and to double its revenue by acquiring suitable targets in the special steel division in China and North America.

June 16, 2014

Austria: Right-Winged Extreme Party Buoyed by Tailwind

The Austrian right-winged Freedom Party (FPÖ) is using the disappointment over the grand coalition’s inability to tackle major economic issues to its advantage.

May 21, 2014

voestalpine to Invest Further in China

Listed Austrian steel producer voestalpine opened another business location in China.

May 14, 2014