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

BauMax Insolvent Retailer Suffered EUR 158 Mln Loss in 2014

Insolvent DIY chain bauMax suffered a EUR 158 million (USD 167.7 million) loss in 2014, slightly worse than EUR 152.7 million loss a year earlier, the company said in a report cited by the daily WirtschaftsBaltt.

November 26, 2015

Asamer Investment Company QuadraCir Insolvent

QuadraCir Beteiligungs GmbH is insolvent. The company contains the parts of Asamer company holding, now subject to restructuring, which are supposed to be sold. Liabilities amount to EUR 55 million.

November 25, 2015

Wienerberger Bricks Seen Netting EUR 44 Mln in 9 Mo

Listed construction materials group Wienerberger will likely post EUR 44.4 million (USD 47.7 million) in 9 month net profit, up by 40 percent y/y, according to the consensus of analysts.

November 11, 2015

Palfinger Invests 15.3 Mln Euro in Bulgarian Plant

Austrian crane manufacturer Palfinger said it is investing 15.3m euros in the expansion of its plant in the town of Cherven Bryag, in northern Bulgaria.

November 6, 2015

RHI Refractories 9 Mo Net Profit Up, Q3 Results Affected by FX Loss

Listed refractories firm RHI raised revenues by 4.6 percent y/y to EUR 1.3 billion (USD 1.4 billion) in the first nine months of the year, while net profit grew by 8.5 percent to EUR 56 million, the company said in a report.

November 5, 2015

Porr Builder Lands over EUR 150 Mln Deal in Qatar

Listed construction firm Porr landed its third major deal in Qatar, worth over EUR 150 million (USD 163.8 million), Porr said.

November 5, 2015

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

Timber Producer Schweighofer Faces WWF Complaint

The environmental organisation WWF has filed a complaint against timber producer Holzindustrie Schweighofer with the Federal Ministry for Forests today. The Austrian firm is under suspicion in Romania of having sold illegally cut timber. A report of US environmental investigation agency EIA indicates as much. The company has repudiated the allegations.

October 21, 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

Austrian House Prices Rose 6.4 Percent in Q2

Austrian house prices in Q2 2015 have hiked by 6.4 percent, which was the second-highest growth rate in the EU. Only in Cyprus the growth rate was bigger, at 7.4 percent, Eurostat reported. In the EU the growth was 1.3 percent, and in the eurozone it reached 1.2 percent.

October 8, 2015