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

Pierer Industrie AG to Issue EUR 27.7 Million Bond

Pierer Industrie AG, which is controlled by Pierer Konzerngesellschaft mbH of the industrialist Stefan Pierer and which is the main shareholder of the listed Cross Industries AG, will tap the bond market.

July 3, 2015

Porr Lands EUR 180 Million Order in Switzerland

The listed construction group Porr has secured an order for construction works in Switzerland worth EUR 180 million (USD 199 million). Porr Suisse will build an underground bicycle station for almost 1,800 bicycles, a staircase and two office buildings at the main railway station in Zurich.

July 2, 2015

Voestalpine Builds EUR 25 Million Plant in Linz

Voestalpine will invest EUR 25 million in the second plant producing laser-welded boards in Linz. Thanks to this the sales of Europlatinen GmbH, a subsidiary of Metal Forming Division, should grow from EUR 100 million (USD 110.8 million) to EUR 140 million in the next three years. The number of employees is supposed to grow from 200 to 270.

July 2, 2015

Andritz Engineering Moves Turbine Production to Germany from Switzerland

Andritz Hydro AG, a unit of listed engineering concern Andritz, will relocated water turbines production from Switzerland's Lucerne to Ravensburg in southern Germany, Andritz Hydro's comanager Heinz Duner said confirming a report in Neue Luzerner Zeitung.

July 2, 2015

Mayr Melnhof Packaging Bought France’s Alliora

Listed cardboard maker Mayr-Melnhof has acquired all shares of Alliora SAS, a French firm of the packaging industry. The deal has yet to be approved by the antitrust authority BWB. The watchdog reports on its webpage that the takeover concerns the business of packaging materials made of paper and cardboard for consumer goods and the processing of the materials to boxes and displays.

July 1, 2015

Siegfried Wolf Joins Miba Supervisory Board

Former head of Magna Siegfried Wolf is joining the supervisory board of listed automotive supplier Miba. Wolf was appointed for a four-year term in office.

June 26, 2015

Raiffeisen Holding NÖ-Wien Holds 93 Percent in German Strabag AG

Raiffeisen Holding NÖ-Wien holds 93.63 percent of shares in the German Strabag AG, Cologne. The voting rights are held through "Gulbis" Beteiligungs AG and by its subsidiaries BLR-Baubeteiligungs GmbH, Strabag SE and Ilbau Liegenschaftsverwaltung GmbH, according to an announcement of Strabag AG.

June 24, 2015

Automotive Manufacturer MAN to Downsize Utility Vehicle Division

The German utility vehicle producer MAN will cut about 1,800 jobs in the area of assembly of utility vehicles, according to insiders. In the utility vehicle segment some 1,400 jobs will be cut in management and some 400 jobs will be eliminated in production.

June 24, 2015

Zumtobel Lights Turns to Profit in FY 2014/15, Plans Higher Dividend

Listed light company Zumtobel turned to profit in FY 2014/15 (ending at the end of April), netting EUR 11.9 million (USD 13.4 million), the company said in a report. In 2013/14, Zumtobel suffered a EUR 4.8 million net loss as restructuring costs affected the bottom line.

June 24, 2015

Vienna Airport Supervisory Board Extends Management Contracts Until 2021

Listed Vienna airport operator reappoints Julian Jäger and Günther Ofner to the Management Board of Flughafen Wien AG.

June 23, 2015