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

German Subsidiary of Strabag to Build for Axel Springer in Berlin

The German subsidiary of Strabag, Ed. Züblin AG has received the order for the construction of a building for Axel Springer in Berlin. Zublin will act as the general contractor. The volume of the order hasn’t been revealed.

August 25, 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

Porr to Build New Zalando Headquarter in Berlin for EUR 100 Million

Porr Deutschland has secured a EUR 100million (USD 112.6 million) deal in Berlin as general contractor for the headquarter of online fashion retailer Zalando. The German construction arm of Porr will erect a building of 42,000 square meters over a period of 24 months, Porr announced.

August 22, 2016

Verbund and Voestalpine Deepen Collaboration

Verbund and Voestalpine are working on deepening their collaboration to start with, over a period of six years. One of the projects involves the construction of a photovoltaic installation near Voestalpine in Leoben. The energy management of the past is not the energy management of the future, Verbund CEO Wolfgang Anzegruber noted. He and Voestalpine head Wolfgange Eder call for politicians to create stable framework conditions.

July 28, 2016

Palfinger Cranes Raises H1 Net Profit 15 Pct Y/Y to EUR 39.7 Mln

Listed cranes producer Palfinger raised H1 net profit by 15.2 percent y/y to EUR 39.7 million (USD 43.7 million), the company said in a report.

July 27, 2016

Refugees: Rosenberger Closure Incomprehensible for Asfinag

The closure of service station on the Brenner passage by the motorway service station operator Rosenberger is "not understandable” for Asfinag. The operator of companies on the Brenner passage were informed of the measures in advance. "During talks these measures were acknowledged and accepted” motorway maintenance company said.

July 19, 2016

Palfinger Cranes Secures Approval of Oslo Bourse for Norwegian Takeover

Listed crane producer Palfinger secured the approval of the Oslo Stock exchange for the takeover of listed Norwegian firm TTS Group, Palfinger said.

July 18, 2016

Creditors of Alpine Bau Get EUR 95 Million

In course of insolvency proceedings following the bankruptcy of Alpine Bau GmbH, the planned interim payout of 5 percent has been carried out. As Alpenländische Kreditorenverband (AKV) said, the total volume of the money distributed by the received was about EUR 95 million (USD 105.8 million).

July 18, 2016

Brexit - Umdasch Subsidiary Doka Questions Investment in England

Umdasch subsidiary Doka is questioning its investment in England, following Brexit "WirtschaftsBlatt” reported. "We are actually planning to invest in the construction of our branch to the south of London this year” the head of Umdasch group, Andreas Ludwig declared.

July 5, 2016