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

Strabag - Order Volume Down by EUR 1 Billion

Strabag’s profit in 2015 was based on a strong construction output in Slovakia, Poland, Czech Republic and Hungary. CFO Christian Harder summed the past year up as having been very good in eastern Europe, with only Russia being somewhat troublesome. The prospects are clouded slightly by a reduced backlog (down 9 percent or EUR 1.3 billion (USD 1.5 billion) to EUR 13 billion).

April 29, 2016

Zumtobel Lights to Close German Plant in Usingen

Listed lights group Zumtobel will close its Usingen-based German plant as of end-August with 156 employees to be dismissed, the company said.

April 28, 2016

AMS Microelectronics Wins Dispute in US

Styrian microelectronics firm AMS was awarded a USD 77 million (EUR 68 million) compensation by the final ruling in the legal dispute concerning potential patent infringement with US competitor Intersil Corporation, ams said.

April 27, 2016

Parliament - Strabag Receives Order for Alternative Accommodation

Strabag AG has received the order for the alternative accommodation of the Austrian Parliament for the period of work on the remodeling of the parliament building.

April 27, 2016

Viennese Underground Deal: Siemens, Bombardier Complete Bids

The race for the latest huge deal awarded by Viennese public transport operator Wiener Linien, i.e. for the supply of 45 underground railway trains, is nearing an important deadline. On Friday the companies participating in the tender, among them chief competitors Siemens and Bombardier, will submit their final bids.

April 26, 2016

Magna Automotive Buys German Firm Telemotive

Canadian car component maker Magna International will take over a company in Germany for an undisclosed price. The German subsidiary of the Magna group founded by Frank Stronach will acquire Telemotive AG from Mühlhausen, which produces electronics for vehicles and has some 600 employees.

April 25, 2016

Corpus Christi Plant in Texas to Boost Voestalpine’s Sales

The listed steel group voestalpine wants to triple its sales in North America to EUR 3 billion (USD 3.39 billion) by 2020. The almost ready iron sponge plant in Texas is supposed to be the driving force behind this growth.

April 22, 2016

Porr Saw Profit, Output Hike in 2015

Listed construction firm Porr reports a considerable hike of earnings and construction output for 2015. The backlog has never been so good, currently amounting to EUR 4.579 billion (USD 5.2 billion) (up 13 percent y/y), the management points out in its statement. The incoming order volume increased by 29 percent to EUR 4.045 billion.

April 21, 2016

Voestalpine Steel Wins another Pipe Deal for Nord Stream II Project

Listed steel and technology group Voestalpine secured another order for the Russia-Europe gas pipeline project Nord Stream II, the company said on its website.

April 19, 2016

Apple Might Have iCar Built in Graz

The computer giant Apple is working on an electric car and to that end the company has established a concept group of 1520 experts in Berlin. The new ‘iCar’ is to be built in Austria, Frankfurter Allgemeine Zeitung (FAZ) alleges, indicating the Magna plant in Graz as the prospective contractor.

April 18, 2016