The latest industrial goods industry and company news and analysis from FriedlNews
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Austrian Industrial Goods Headlines

Zumtobel has Launched Regional Project Centre in Belgrade

Lamp maker Zumtobel has launched a new regional project centre in Belgrade. Director Milan Lazarevic said that the centre would be in charge of projects in Hungary, the Czech Republic, Slovakia, Croatia, Romania, Bulgaria and Belgium.

June 22, 2016

Kapsch TrafficCom Sees Profit Hike in 2015/16

Listed toll system provider Kapsch TrafficCom raised its net profit to EUR 36 million (USD 40.8 million), from EUR 11 million a year earlier, and revenues by 15 percent y/y to EUR 526 billion in FY 2015/16. EBIT nearly doubled y/y to EUR 62 million, even though the base in 2014/15 was high enough, thanks to one-off effects.

June 22, 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

Austrian Microelectronics Company AMS Buys British CCMOSS

Styrian microelectronics company AMS has acquired British firm Cambridge CMOS Sensors (CCMOSS). The agreement for the acquisition of all shares of CCMOSS for cash has already been signed, the Austrian company, listed on the Swiss stock exchange, announced on Thursday. The price has not been disclosed.

June 16, 2016

Melecs EWS Electronics Set to Expand in China

Austrian electronics firm Melecs EWS is set to expand in China where it recently opened a new production plant in Wuxi, Jiangsu Province, the company said. By the end of FY 2017/18, Melecs EWS expects revenues from Chinese operations of EUR 70 million (USD 78.7 million) a year. The plant employs 200 staff.

June 15, 2016

Voestalpine Secures Large Deal in Texas

Listed steel group voestalpine has secured another large deal in Texas, for U.S. steel manufacturer Big River Steel. The Austrian company is going to supply up to 240,000 tonnes of hot briquetted iron (HBI) per year from 2017 to the U.S. enterprise, it was announced.

June 13, 2016

Graz-Based Sensor Firm Nextsense Set to Expand with EU Funds Support

Styrian sensor firm Nextsense secured EUR 2 million (USD 2.3 million) from EU programme Horizon 2020 and is set to expand significantly thanks to the support, the company said.

June 9, 2016

Voestalpine Invested More Than Ever in 2015/16

The Linz-based steel group Voestalpine invested more last financial year than ever before. "With over EUR 1.3 billion this was the year of highest investments in our history and we had no problems with financing this enormous contribution” the head of the group Wolfgang Eder stressed at the annual earnings conference.

June 3, 2016

Voestalpine Steel Seen Netting EUR 581 Mln in FY 2015/16

Listed steel group Voestalpine will likely post EUR 581 million in FY 2015/16 net profit, predict analysts ahead of the publication of the annual report slated for Thursday.

May 31, 2016

FACC Aircraft Components Supervisory Board Member Peters Resigns

Listed aircraft components maker FACC saw supervisory board member Gregory B. Peters step down with immediate effect, the company said on Monday.

May 30, 2016