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Austrian Industrial Company Headlines

Styrian Siemens Arm to Work on Irish Project

The technology group Siemens has secured two deals for onshore wind power plants in Ireland. The transformers for the wind park Sliabh Bawn will be developed and build by the Styrian Siemens factory in Weiz. A total of 20 transformers of 3.4 MVA will be delivered to Ireland in 2016. The beginning of construction is scheduled for the beginning of 2017.

February 5, 2016

Baumax Asset Stripping Proceeds, 200 Jobless

The asset stripping of insolvent DIY chain Baumax continues: The sale of shops to OBI and other market players has cost over 500 employees their jobs. At the end of January some 191 former Baumax workers were registered as unemployed, the job market agency AMS told APA.

February 4, 2016

Andritz Engineering Unit Wins EUR 65 Mln Deal in Pakistan

Listed engineering group Andritz saw its unit Andritz Hydro win a EUR 65 million (USD 70.9 million) deal in Pakistan, Andritz said.

February 3, 2016

FACC Aircraft Components Sacks CFO Over Cyber-Fraud Case

Listed aircraft components group FACC dismissed CFO Minfen Gu in connection with the recent cyberattack which cost the company some EUR 50 million (USD 54.6 million), the company said in a statement on Wednesday.

February 3, 2016

FACC Aircraft Components Shareholders Demand Clarification over Cyber-Fraud

Listed aircraft components group FACC shareholders called for clarification regarding the recent case of cyber-fraud in which the company lost EUR 50 million (USD 54.6 million), investor lobby head Wilhelm Rasinger told the daily WirtschaftsBlatt.

February 2, 2016

Strabag Refinanced EUR 2.4 Billion Loans Before Maturity

Listed construction group Strabag has prematurely refinanced two loans, worth a total of EUR 2.4 billion (USD 2.6 billion). In view of the low interest rates and the company’s improved creditworthiness the company managed the redefine the terms and maturity of the syndicated guaranteed credit for over EUR 2 billion and of a syndicated cash loan of over EUR 0.4 billion, the firm announced.

January 28, 2016

67,000 VW Caddys Called Back, 2,742 in Austria Alone

Car maker VW Nutzfahrzeuge has called back 67,000 vehicles (Caddy model, production period May 2012 to January 2013) in Europe and 2,742 alone in Austria. Over half of those cars are already waiting to be serviced, general importer Porsche Austria told APA on Wednesday.

January 27, 2016

European and Austrian Market of Utility Vehicles Up Again

According to the European automotive market organization Acea the market of utility vehicles grew last year. In 2015 the number of vehicles sold increased 12.4 percent to 2.08 million.

January 26, 2016

Bachmann Electronic Raises Sales to EUR 68 Million

The internationally active Vorarlberg-based hightech company Bachmann electronic raised its sales to EUR 68 million last year. This is 13 percent more than in 2014. The company assumes that also in 2016 it will achieve higher sales and profits.

January 25, 2016

Pappas Group Sold 11 Percent More Vehicles in 2015

Pappas group with headquarters in Salzburg sold in 2015 18,990 passenger cars and utility vehicles. This means growth of 11 percent. The sales of new cars increased by almost 19 percent to 12,590. The transporter division achieved "the best sales results in the division’s history” with growth of 32.5 percent to 4,585 new cars.

January 25, 2016