The latest industry and company news and analysis from FriedlNews
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Austrian Industrial Company Headlines

Voestalpine Steel Faces Renewed Cartel Suspicion in Germany

Listed steel group Voestalpine is facing cartel charges in Germany yet again, but expects no significant fines on this account, the company said.

November 27, 2015

BauMax Insolvent Retailer Suffered EUR 158 Mln Loss in 2014

Insolvent DIY chain bauMax suffered a EUR 158 million (USD 167.7 million) loss in 2014, slightly worse than EUR 152.7 million loss a year earlier, the company said in a report cited by the daily WirtschaftsBaltt.

November 26, 2015

Asamer Investment Company QuadraCir Insolvent

QuadraCir Beteiligungs GmbH is insolvent. The company contains the parts of Asamer company holding, now subject to restructuring, which are supposed to be sold. Liabilities amount to EUR 55 million.

November 25, 2015

First Lawsuit Filed Against Austrian VW Car Dealers

The first lawsuit has been filed against VW car dealers in Austria. The Austrian car owner has based his claim on misconception and demands a refund of his money, in return for the car. He bought a VW Touran in May 2014 for nearly EUR 32,000 (USD 0.034m). He had been convinced by the dealer’s talk about the Blue-Motion technology used in the car, allowing to reduce fuel use and emissions.

November 23, 2015

The Congo: Andritz Hopes for Large Order from World’s Biggest Power Plant

In Congo, near Kinshasa, the biggest hydro power plant of the world is supposed to be built. The giant power plant, together with its existing sections, will cover a half of Africa’s demand for electricity.

November 17, 2015

Wienerberger Bricks Seen Netting EUR 44 Mln in 9 Mo

Listed construction materials group Wienerberger will likely post EUR 44.4 million (USD 47.7 million) in 9 month net profit, up by 40 percent y/y, according to the consensus of analysts.

November 11, 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

Constantia Flexibles Buys Label Producer Pemara

Austria's listed packaging producer Constantia Flexibles, majority-owned by French group Wendel, is taking over Melbourne-based Australian label producer Pemara. The acquisition is to be completed within the next weeks, the Austrian firm announced. No financial details have been disclosed. Pemara is owned by private persons. Its annual turnover is estimated at EUR 30 million (USD 32.6 million). It operates works in Australia, Malaysia, Vietnam and Indonesia.

November 9, 2015

Palfinger Invests 15.3 Mln Euro in Bulgarian Plant

Austrian crane manufacturer Palfinger said it is investing 15.3m euros in the expansion of its plant in the town of Cherven Bryag, in northern Bulgaria.

November 6, 2015

RHI Refractories 9 Mo Net Profit Up, Q3 Results Affected by FX Loss

Listed refractories firm RHI raised revenues by 4.6 percent y/y to EUR 1.3 billion (USD 1.4 billion) in the first nine months of the year, while net profit grew by 8.5 percent to EUR 56 million, the company said in a report.

November 5, 2015