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

Kapsch TrafficCom Lands Deal in USA

Listed toll system provider Kapsch TrafficCom AG has secured a deal worth USD 11.5 million (EUR 10.4 million) in the USA. A subsidiary of the Austrian firm has been commissioned with the upgrade of the Integrated Transportation Management Systems in the Highway Operations Center (HOC) of the traffic authority of Massachusetts.

3 hours ago

Porr - Financing for Major Order in Bratislava Secured

In Bratislava the Austrian construction group Porr will participate in one of the biggest PPP projects in Central Europe. The company received the order for the ring road of the capital of Slovakia a month ago. Now financing for the EUR 1 billion (USD 1.135 billion) project has been secured.

June 23, 2016

Palfinger Eyeing Norwegian Offshore Technology Provider TTS

Listed crane manufacturer Palfinger has submitted a bid for Norwegian ship chandler TTS Group ASA, the company announced. Palfinger would like to acquire all shares of TTS, for a total price of EUR 60 million (USD 67.54 million) in cash, though Palfinger would also have to cover debt of the Norwegian firm.

June 21, 2016

Strabag Lands Huge Deal in Switzerland

The Austrian construction group Strabag SE has secured a EUR 100 million (USD 112.6 million) deal from Siemens in Switzerland. The local arm of Strabag is going to erect an office building and production plant in Zug for Siemens by June 2018, it was announced. Siemens Real Estate is the investor, whereas Strabag acts as general contractor.

June 20, 2016

ORF Broadcasting Centre Funkhaus Sold to Rhomberg

The construction group Rhomberg has won the auction for the ORF broadcasting centre in Vienna. The Austrian broadcaster ORF was in talks with five potential bidders, but Rhomberg submitted the best offer in the end, ORF chief executive Alexander Wrabetz and CFO Richard Grasl said. The sales proceeds are expected to exceed EUR 20 million (USD 22.5 million).

June 14, 2016

Austrian Wood Industry Back on Track

Positive trend returned to the Austrian wood industry after three years of contraction. In 2015 the branch recorded 4.8 percent growth and generated sales of EUR 7.49 billion. The branch association expects a slight gain this year.

June 3, 2016

Porr Builder Seen with EUR 12.2 Mln Net Loss in Q1

Listed construction group Porr will likely narrow down its attributable net loss y/y to EUR 10.2 million (USD 11.4 million) in Q1 2016 on moderately raising revenues, analysts predict ahead of the publication of the quarterly report on Tuesday.

May 30, 2016

Strabag Builder Seen Posting EUR 110.6 Mln Net Loss in Q1

Listed builder Strabag will likely post EUR 110.6 million (USD 123.1 million) attributable net loss in Q1 2016, somewhat better than a year earlier, analysts predict ahead of the publication of Q1 report slated for Tuesday.

May 30, 2016

Porr Wins Billion-Euro Deal in Bratislava

Together with two other partner companies, Austria’s construction group Porr has secured a deal worth nearly EUR 1 billion (USD 1.12 billion) in Slovakia. It is an infrastructure project to be carried out as a public-private partnership. The Slovakian government signed the concession contract for the construction of nearly 60 km of motorways near Bratislava.

May 24, 2016

Porr Lands First Order in Great Britain

The Austrian construction company Porr is entering Great Britain. In a joint-venture with the Dutch A.Hak and a subsidiary of the Swedish construction group Skanska the company will build a high-pressure gas pipeline in a tunnel. The ordering party of the British gas distributor National Grid. The cost of the whole project is GBP 150 million (EUR 195 million), according to Porr.

May 23, 2016