The latest construction industry and company news and analysis from FriedlNews
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Austrian Construction Industry Headlines

Porr Reports Record Backlog and Profit Hike in H1

Listed construction group Porr saw its H1 2016 results improve considerably: both profit and backlog rose. The net profit increased to EUR 16 million (USD 17.9 million), whereas the order backlog expanded by 14 percent to EUR 5.48 billion. The construction output firmed by 11 percent y/y to EUR 1.66 billion in the first half of the year.

August 30, 2016

C.A.T. Vs. CAT (Caterpillar)

Listed Austrian oilfield equipment maker C.A.T. oil AG was renamed officially to Petro Welt Technologies AG. The cause for this step was an ongoing dispute with U.S. construction machine maker Caterpillar Inc (CAT) due to the name rights.

August 24, 2016

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

Insolvent DIY Chain BauMax Ended Its Operations

Insolvent DIY chain BauMax ended its operations completely on Friday with many stores sold to Obi of Germany. Seven stores did not attract a buyer. Some 700 employees in total are at risk of losing their jobs.

October 30, 2015

Wienerberger Annual Reports Ranked Among the Top 20 Worldwide

Wienerberger, the world's largest producer of bricks, has again won recognition for its Annual Report 2014 and also, for the first time, for its Sustainability Report 2014. Heimo Scheuch, Chief Executive Officer of Wienerberger AG, takes pride in these distinctions: "Open and active communication with all our stakeholders and the highest possible level of transparency are top priorities for us."

October 15, 2015

German DIY Chain OBI Acquires Baumax for EUR 200 Million

Ailing DIY chain Baumax was sold to German DIY chain OBI and Graz real-estate developer Supernova, Kurier daily and Kronen Zeitung reported. The sale was fixed contractually on Friday. The volume of the deal has been estimated at nearly EUR 200 million by Kurier.

August 31, 2015

Haselsteiner Pushes to Close Klagenfurt Airport Deal

Enterpreneur Hans Peter Haselsteiner, who wants to acquire a stake in the operator of the airport in Klagenfurt with the help of a consortium, is in a hurry to complete the deal. He wants everything to be ready by mid-September, it follows from an interview with him featured by daily Kurier.

August 31, 2015

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

Unsuccessful Kommunalkredit Bidders File Complaint Against Tender

Unsuccessful bidders for the sale of state-owned Kommunalkredit Austria bank have filed a complaint with the commercial court in Vienna, after German investment banker Patrick Bettscheider won the tender.

July 23, 2015