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Austrian Industrial Company Headlines

Semiconductor Producer AMS Boosts Profit and Sales in H1

The Styrian semiconductor producer listed in Zurich, AMS, raised sales and profits in the first half of the year thanks to robust demand for its sensor and analogue solutions. The sales target for 2019 is EUR 1 billion the company announced.

3 hours ago

Unsuccessful Kommunalkredit Bidders File Complaint Against Tender

Unsuccessful bidders for the sale of state-owned Kommunalkredit Austria bank have filed a complaint with the commercial court in Vienna, after German investment banker Patrick Bettscheider won the tender.

July 23, 2015

Trafomodern Joins Hands with Indian Salzer Electronics

India based Salzer Electronics has entered a technical licensing agreement with Trafomodern Transformatorengesellschaft m.b.H, an Austrian manufacturer of dry type transformers.

July 21, 2015

Doppelmayr to Build Funicular Route in Bogota

Vorarlberg-based cable-railway maker Doppelmayr has secured a deal for the construction of a EUR 9.4 million funicular in Colombian capital Bogota. The contract was signed last week, Doppelmayr disclosed. The funicular will be part of the city’s public transport system.

July 20, 2015

Voestalpine Invested Over EUR 100 Million in New Linz Installation

The Upper Austrian steel group Voestalpine invested over EUR 100 million (USD 108.9 million) in a new continuous cast installation in Linz. 42 new jobs were created, the group stated. The construction period will take up about 24 months, the groundbreaking ceremony already took place.

July 20, 2015

KTM Motorcycle Manufacturer Raises Operating Profit and Revenues in H1

Listed motorcycle manufacturer KTM nearly doubled its operating profit in H1 2015 to EUR 50.3 million (+49.7 percent y/y) on revenues surging 25.5 percent to EUR 515.1 million (USD 561.8 million), the company said in a concise statement.

July 17, 2015

Used Car Registrations Surge by 11.8 Pct Y/Y in June, Slip in H1

Austrian used car registrations surged by 11.8 percent y/y in June to 95,542, stats office Statistik Austria said. Passenger car registrations accounted for 73,883 of the total, up 12.3 percent y/y.

July 16, 2015

Pappas Car Distributor Becomes Maserati Partner

Pappas group has become the new distribution partner of luxury cars maker Maserati in Austria, Pappas Holding said in a statement.

July 16, 2015

Steel Cartel - ECJ Reduces Fine for Voestalpine

The European Court of Justice has reduced fines for multiple members of a European pre-stressing steel cartel imposed in October 2010. Also Voestalpine will benefit from this move. The fine imposed on voestalpine has been reduced by about two thirds from EUR 22 million to EUR 7.5 million (USD 8.3 million).

July 15, 2015

Miba Shares Gain 19.3 Percent Following Takeover Offer

Miba preference share climbed 19.3 percent from EUR 461.05 (USD 508.8) to EUR 550.10 after a takeover offer. Earlier the majority owner, industrialist family Mitterbauer, announced its plan to acquire free float share for EUR 550/share. 9.33 percent of shares are listed on the Vienna Stock Exchange.

July 14, 2015