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

Porr - Financing for Major Order in Bratislava Secured

In Bratislava the Austrian construction group Porr will participate in one of the biggest PPP projects in Central Europe. The company received the order for the ring road of the capital of Slovakia a month ago. Now financing for the EUR 1 billion (USD 1.135 billion) project has been secured.

June 23, 2016

Zumtobel has Launched Regional Project Centre in Belgrade

Lamp maker Zumtobel has launched a new regional project centre in Belgrade. Director Milan Lazarevic said that the centre would be in charge of projects in Hungary, the Czech Republic, Slovakia, Croatia, Romania, Bulgaria and Belgium.

June 22, 2016

Kapsch TrafficCom Sees Profit Hike in 2015/16

Listed toll system provider Kapsch TrafficCom raised its net profit to EUR 36 million (USD 40.8 million), from EUR 11 million a year earlier, and revenues by 15 percent y/y to EUR 526 billion in FY 2015/16. EBIT nearly doubled y/y to EUR 62 million, even though the base in 2014/15 was high enough, thanks to one-off effects.

June 22, 2016

Brexit: Fiat Could Relocate Production from UK to Steyr

In the case of a Brexit, production could be relocated from Britain to Austria, to Fiat’s plant in Steyr, Fiat Chrysler Automobiles (FCA) head Sergio Marchionne announced in Venice at the weekend, Standard daily reports in its latest issue.

June 21, 2016

Palfinger Eyeing Norwegian Offshore Technology Provider TTS

Listed crane manufacturer Palfinger has submitted a bid for Norwegian ship chandler TTS Group ASA, the company announced. Palfinger would like to acquire all shares of TTS, for a total price of EUR 60 million (USD 67.54 million) in cash, though Palfinger would also have to cover debt of the Norwegian firm.

June 21, 2016

What Brexit Means for Austria: Mitterlehner, Kurz, Fiat Steyr

Mitterlehner hopes that the referendum will end in Britain staying in the EU. Kurz says, that Brexit would be terrible. Fiat could relocate production of agriculture and construction machine maker CNH (Case New Holland) from UK to Steyr in case of Brexit.

June 20, 2016

Strabag Lands Huge Deal in Switzerland

The Austrian construction group Strabag SE has secured a EUR 100 million (USD 112.6 million) deal from Siemens in Switzerland. The local arm of Strabag is going to erect an office building and production plant in Zug for Siemens by June 2018, it was announced. Siemens Real Estate is the investor, whereas Strabag acts as general contractor.

June 20, 2016

Austrian Microelectronics Company AMS Buys British CCMOSS

Styrian microelectronics company AMS has acquired British firm Cambridge CMOS Sensors (CCMOSS). The agreement for the acquisition of all shares of CCMOSS for cash has already been signed, the Austrian company, listed on the Swiss stock exchange, announced on Thursday. The price has not been disclosed.

June 16, 2016

Melecs EWS Electronics Set to Expand in China

Austrian electronics firm Melecs EWS is set to expand in China where it recently opened a new production plant in Wuxi, Jiangsu Province, the company said. By the end of FY 2017/18, Melecs EWS expects revenues from Chinese operations of EUR 70 million (USD 78.7 million) a year. The plant employs 200 staff.

June 15, 2016

ORF Broadcasting Centre Funkhaus Sold to Rhomberg

The construction group Rhomberg has won the auction for the ORF broadcasting centre in Vienna. The Austrian broadcaster ORF was in talks with five potential bidders, but Rhomberg submitted the best offer in the end, ORF chief executive Alexander Wrabetz and CFO Richard Grasl said. The sales proceeds are expected to exceed EUR 20 million (USD 22.5 million).

June 14, 2016