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

Strabag Builder Seen Netting EUR 136.3 Mln in 2014

Listed builder Strabag will likely post EUR 136.3 million in 2014 net profit, up by one-fifth y/y, in revenues growing by 4 percent to EUR 13.0 billion, predict analysts ahead of the publication of 2014 final figures slated for Wednesday.

Yesterday

Maco to Fire Up to 170 Employees

There will be redundancies at the salzburg-based fittings producer Mayer und Co (MACO). Up to 170 employees will have to leave to maintain 1,500 jobs at Austrian branches in Salzburg, Mauterndorf and Trieben, the company announced on Monday.

Yesterday

Asfinag Raised Spending on Development of Motorways in 2014

The stateowned motorway holding Asfinag invested more in the development of the motorway network in 2014. Last year the company spent EUR 909 million (USD 974 million) on the purpose, EUR 205 million more than in the previous year. At the same time the interest burden was reduced and own capital ratio was raised from 22 percent to 24 percent.

April 24, 2015

Alpine Bankruptcy - Predicted Quota Rises to 6.5-7.5 Percent

Creditors of the insolvent Alpine Bau GmbH, which went bankrupt over 18 months ago, can expect 6.57.5 percent of their claims to be satisfied. This means that the quota forecast of AKV has grown slightly.

April 21, 2015

RHI to Invest EUR 18 Million in Veitsch by 2016

The refractories group RHI AG will continue the series of investments in its plant in Veitsch started in 2013: by 2016 about EUR 18 million will be invested.

April 17, 2015

Porr Builder Lands EUR 20 Mln Motorway Deal in Slovakia

Listed builder Porr won a EUR 19.75 million (USD 20.8 million) motorway contract in Slovakia.

April 16, 2015

Porr Extended Shopping Centre in North Poland

Listed construction group Porr has remodeled shopping centre "Ogrody Elbląg” in the North of Poland for property developer CBRE Global Investors, for EUR 40 million.

April 10, 2015

Builder Dywidag Raises 2014 Revenues to EUR 122.5 Mln

Construction company Dywidag raised 2014 revenues by 18 percent y/y to EUR 122.5 million (USD 132.9 million), a record level, the company said in a press statement on Wednesday.

April 8, 2015

Porr to Build Residential Estate in Poland

Porr Polska will build the second stage of the "Tumskie Ogrody” residential services project in Wrocław/Poland. The project involves the construction of 20,000 square metres of space for 199 apartments and 8 service points.

April 3, 2015

Porr Builder Lands EUR 57.9 Mln Deal in Germany

Listed builder Porr landed a EUR 57.9 million (USD 63.4 million) contract in Germany for the construction of a rail bridge crossing in Magdeburg, Porr said Thursday.

March 26, 2015