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

Montana Tech Industries H1 Net Profit Surges to EUR 14.4 Mln

Switzerland-listed Austrian industrial group Montana Tech Components raised net profit by 60 percent y/y to EUR 14.4 million in H1 2016 on revenues growing by 7.2 percent to EUR 372.5 million, the company said.

August 30, 2016

Cable Lift Producer Doppelmayr Builds First Lift in Macao

The Vorarlberg-based cable lift producer Doppelmayr has built its first facility in Macao. The circular lift gives the visitors a view of the fountains and brings them to a casino and a hotel the company said. The value of the investment hasn't been revealed.

August 26, 2016

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

Verbund and Voestalpine Deepen Collaboration

Verbund and Voestalpine are working on deepening their collaboration to start with, over a period of six years. One of the projects involves the construction of a photovoltaic installation near Voestalpine in Leoben. The energy management of the past is not the energy management of the future, Verbund CEO Wolfgang Anzegruber noted. He and Voestalpine head Wolfgange Eder call for politicians to create stable framework conditions.

July 28, 2016

Keba Electronics FY Revenues at EUR 181 Mln

Linz-based electronics firm Keba posted EUR 181 million revenues for the financial year ended as of the end of March, down from EUR 189.5 million (USD 208.7 million) a year earlier for accounting reasons, CEO Gerhard Luftensteiner said at a press conference.

July 26, 2016

EUR 250 Million Order Brings Smart Meters to Styria

From the autumn of 2017 a major portion of Styrian households will have the so-called smart meters, intelligent electricity meters. Energie Steiermark together with 30 smaller energy companies organized a tender for a contract worth over EUR 250 million. Two producers from France France and Switzerland competed in the tender. The internal parts will come from ams in Unterpremstätten.

July 19, 2016

Julius Blum Raised Sales to EUR 1.66 Billion

The globally active Vorarlberg-based fittings producer group Julius Blum GmbH raised its sales in the financial year 2015/2016 (by June 30, 2016) by 6.5 percent to EUR 1.656 billion (last year EUR 1.555 billion). Great Britain is one of the company's ten biggest markets. Due to the depreciation of the British pound the group has already felt the impact of Brexit.

July 14, 2016

Voestalpine Steel Eyes Further Growth in Automotive Segment

Listed steel group Voestalpine is eyeing further, permanent growth in the automotive segment, CEO Wolfgang Eder said in a statement accompanying the launch of the group's new light automotive components facility in Germany's Schwäbisch Gmünd. By 2020, the company wants to raise the share of mobility segment in total revenues to 50 percent from the current 48 percent.

July 8, 2016

Salzgitter and Voestalpine Deny Involvment in Car-Steel Price Collusions

Germany’s second-biggest steel producer Salzgitter is, according to its own sources, not affected by the alleged automotive industry and steel price collusion. The group was informed about the problem by the press. Austria’s own steel group Voestalpine, also a supplier of the German automotive industry, has also repudiated being caught up in the investigation of the German antitrust authority.

July 6, 2016

Kapsch TrafficCom Lands Deal in USA

Listed toll system provider Kapsch TrafficCom AG has secured a deal worth USD 11.5 million (EUR 10.4 million) in the USA. A subsidiary of the Austrian firm has been commissioned with the upgrade of the Integrated Transportation Management Systems in the Highway Operations Center (HOC) of the traffic authority of Massachusetts.

June 28, 2016