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

Electromobility Offers Austria Huge Potential

Electromobility offers Austria a huge potential, a study commissioned by Klima und Energiefonds (KliEn) indicates. According to the study, by 2030 Austria’s automotive industry could gain EUR 3.1 billion in added value and 33,900 new jobs, thanks to the expansion of emobility.

August 22, 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

AT&S Electronics Reports Mixed Results Because of New Plant in Chongqing

The listed Styrian circuit board producer AT&S has reported mixed results for the financial year 2015/16 due to the launch of its new plant in Chongqing. Sales increased by 14.4 percent to EUR 762.9 million. At the same time EBIT slumped 14.6 percent to EUR 77 million - AT&S announced. Group result decreased from EUR 69.3 million to EUR 56 million (USD 63.8 million).

May 10, 2016

Battery Maker Banner Saw Its Revenue and Sales Volume Hike by 8 Percent

Upper Austria battery maker Banner from Leonding saw its revenue and sales volume hike by 8 percent each in the just ended FY 2015/16 (end of March). 4.1 million starter batteries have been sold, the revenue settled at EUR 258 million the company announced. Growth was achieved mostly thanks to the rising demand for enhanced flooded batteries for vehicles, which Banner has been supplying since 2015 for Volkswagen mid-sized cars. Over the past five years Banner has invested over EUR 40 million (USD 45.9 million) in its plant in Leonding. A new facility is to be build in Pasching, close to Leonding, for EUR 35 million, although the project is meeting with a lot of resistance among local communities.

May 6, 2016

Voestalpine Acquires Specialty Steel Firms in Shanghai and Barcelona

Voestalpine steel buys two specialty steel firms. With the purchase of Advanced Tooling Tek (ATT) in Shanghai, China, and the Sermetal Group in Barcelona, Spain, Voestalpine is enhancing its position as a producer of special steels. Both companies are specialized in the processing and sale of special steel products for tool and mold-making, a segment whose main customers are the automotive and electronics industries. Together ATT and the Sermetal Group have around 160 employees and generated a total revenue of around EUR 43 million in 2015.

April 7, 2016

Ex-Magna Boss Buys Former Employer's Headquarters in Oberwaltersdorf

The Styrian Car Manager of Oleg Deripaska's Russian Machines Company and former Magna CEO Siegfried Wolf has bought the former Magna headquarters in Oberwaltersdorf.

March 2, 2016

Austria's Illegal Arms Deal with Saudi Arabia

Austria approved the export of 9,000 grenades to Saudi Arabia in 2010, which politicians of the opposition suspects to have been in breach of the law, since it is prohibited in Austria to export weapons to countries breaking human rights.

January 14, 2016

Constantia Flexibles Acquires SE Asian Labels Producer Pemara

Constantia Flexibles Group strengthens its position in the Southeast Asia labels market by acquiring the Australian company Pemara Labels Group. The parties agreed not to disclose any financial details and the transaction is expected to close in the next few months. Pemara operates four plants in Australia, Malaysia, Vietnam and Indonesia, along with sales offices in Sydney (Australia) and Manila (Philippines).

December 1, 2015

Voestalpine Increased Revenue by 4.1% in First Half 2015/16

In the first half of the business year 2015/16 (April 1 to September 30), the steel group Voestalpine continued its performance despite an economic environment that – viewed globally – is inconsistent. In a year-to-year comparison, it increased its revenue by 4.1% from EUR 5.6 billion to EUR 5.8 billion.

November 11, 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