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Austrian Industrial Company Headlines

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.

Yesterday

Rosenbauer Fire Equipment Enters Joint Venture in Italy

Listed fire cars and equipment producer Rosenbauer is setting up a joint venture for the fire-fighting and rescue platform business in cooperation with Italian firm CTE SpA, the company said.

July 20, 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

Donau Chemie Chemicals Co Unit Merges with US Firm

Donau Carbon, a unit of Vienna-based chemicals company Donau Chemie, will merge with the US activated carbon producer Standard Purification, the company said on Tuesday.

July 19, 2016

Refugees: Rosenberger Closure Incomprehensible for Asfinag

The closure of service station on the Brenner passage by the motorway service station operator Rosenberger is "not understandable” for Asfinag. The operator of companies on the Brenner passage were informed of the measures in advance. "During talks these measures were acknowledged and accepted” motorway maintenance company said.

July 19, 2016

AMAG Signs Biggest Delivery Contract with Airbus

The listed aluminium group AMAG in Ranshofen in Upper Austria has signed the biggest supply contract thus far with Airbus. This was announced by the company. AMAG didn't disclose details concerning the volume of deliveries from January 2017. "This contract will substantially expand our business with Airbus and strengtnen our position as a recognized supplier for the aircraft industry” - chairman of the management of AMAG Austria Metall AG Helmut Wieser said.

July 18, 2016

Palfinger Cranes Secures Approval of Oslo Bourse for Norwegian Takeover

Listed crane producer Palfinger secured the approval of the Oslo Stock exchange for the takeover of listed Norwegian firm TTS Group, Palfinger said.

July 18, 2016

Creditors of Alpine Bau Get EUR 95 Million

In course of insolvency proceedings following the bankruptcy of Alpine Bau GmbH, the planned interim payout of 5 percent has been carried out. As Alpenländische Kreditorenverband (AKV) said, the total volume of the money distributed by the received was about EUR 95 million (USD 105.8 million).

July 18, 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