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

Umdasch Group Boosts Profits in 2014

The formwork and shop construction specialist Umdasch recorded the second-best sales result (+0.4 percent to EUR 1.1 billion) in its history, despite fluctuations of demand and cutting work hours for some time. In 2014 the profit increased by 72 percent to EUR 79 million. Weakness of the Euro helped the group achieve a 90-percent export quota.

May 21, 2015

Timber Industry Opposes New Romanian Forestry Law

The new forestry law in Romania is causing a lot of opposition, especially on the part of timber industry representatives and of the main pinewood processing company in Austria, Holzindustrie Schweighofer. Last autumn the firm threatened the PM with mass lay-offs, should the new law come into effect in the planned form.

May 15, 2015

RHI Refractories Raises Q1 Net Profit to EUR 21.1 Mln

Listed refractories group RHI posted EUR 21.1 million (USD 23.75 million) in Q1 net profit, up by 6.6 percent y/y but slightly below expectations for EUR 22.7 million, the company said in a report out Wednesday.

May 13, 2015

Porr Plans Acquisitions in Poland

Listed builder Porr is on the search for properties to buy to complement its portfolio, especially on the growth markets such as Poland, CEO and co-owner Karl-Heinz Strauss told journalists. For example, the company is in the race for a part of former German group Bilfinger's Polish assets, with 800 employees and EUR 170 million revenues.

May 12, 2015

Strabag's German Unit Plans 1000 New Jobs

Listed builder Strabag expects a surge in its activity on the German market in the coming years and thus plans to create 1k new jobs in the country, the company said in Cologne.

May 12, 2015

Baumax DIY Retailer Set to Close Biggest Store in Slovenia

Austria's troubled DIY retailer Baumax is set to close its biggest store in Slovenia, the online paper Zurnal24 reported on Tuesday and Baumax spokesperson Monika Voglgruber confirmed for APA.

May 12, 2015

Alpine Bankruptcy - Chamber of Labour to Sue Banks on Behalf of 900 Investors

In the case of bankruptcy of the construction concern Alpine also the Austrian Chamber of Labour will take the claims of harmed bond holders against banks to court. For a total of 900 investors multiple class action lawsuits will be brought to court. About EUR 19 million (USD 21.6 million) will be claimed. The affected can joint the action till the end of May.

May 7, 2015

Corruption Claims Against Alpine Processed in Poland

Employees and representatives of sub-contractors of Alpine are accused of taking bribes during the construction of a stretch of the A1 motorway in Poland, from 2007 until 2013, WirtschaftsBlatt daily reports citing Polish media. The prosecution in Gliwice has been reportedly investigating the matter since 2014.

May 6, 2015

Porr Eyeing Bilfinger in Poland

Austria’s construction group Porr is eyeing the Polish arm of German construction giant Bilfinger. Porr would like to expand on the Polish market and according to Jürgen Leitner, the head of office of Porr CEO Karl-Heinz Strauss, the company has voiced its interest.

May 4, 2015

Cemex Acquires Three More Plants in Austria

Mexican cement producer Cemex has acquired three more cement-producing plants in Styria and in Upper Austria, i.e. the plants in Turnau and Gratkorn and a facility in Weyer from Papst Beton.

May 4, 2015