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Austrian Technology Industry Headlines

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

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

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

Liechtenstein Opens Casino Market, Casinos Austria Checks Possibilities

The duchy of Liechtenstein is opening its gambling market to external operators. The parliament has passed the new gambling act which will come into effect in October 2016. Every company meeting specific requirements will be granted access to the market. Casinos Austria is interested, too, in the new market opening up.

April 14, 2016

Court Ruling: BWT Water Tech Co Delisting Must Involve Cash Compensation

BWT water technology firm, set to delist from the Vienna Stock Exchange, has to provide cash compensation, the regional court in Wels said in a ruling following a complaint from minority shareholders and reported by the Austrian press.

April 14, 2016

BWT Considers Takeover of the whole Culligan Group

The Upper Austrian water management company Best Water Technology (BWT) is considering the takeover of Culligan group, an international water processing company from Rosemont in Illinois (USA). BWT is already owner of the British arm Culligan International since 2010.

April 13, 2016

Voestalpine Acquires Specialty Steel Firms in Shanghai and Barcelona

Voestalpine steel buys two specialty steel firms. With the purchase of Advanced Tooling Tek (ATT) in Shanghai, China, and the Sermetal Group in Barcelona, Spain, Voestalpine is enhancing its position as a producer of special steels. Both companies are specialized in the processing and sale of special steel products for tool and mold-making, a segment whose main customers are the automotive and electronics industries. Together ATT and the Sermetal Group have around 160 employees and generated a total revenue of around EUR 43 million in 2015.

April 7, 2016

RHI's Profit Slumps in 2015

The profits of the listed refractories specialist RHI collapsed in 2015 due to the global steel crisis. The result after taxes plunged from EUR 52.5 million to EUR 17.8 million (USD 20.24 million).

April 5, 2016

Voestalpine Cuts Work Hours for 800 Employees in Kindberg

Voestalpine Tubulars in Kindberg will shorten work hours for about 800 out of 1,050 employees in Upper-Styrian Kindberg due to hard situation of the oil industry. The measure will be introduced on April 1 and may last up to 8 months the company confirmed a report from "Kleine Zeitung”.

April 1, 2016

S&T IT Raises 2015 Profit 26 Pct to EUR 17.6 Mln

Frankfurt-listed Austrian IT services group S&T raised 2015 net profit by 26 percent y/y to EUR 17.6 million (USD 19.7 million), beating its own guidance for EUR 15 million, on revenues growing by 21 percent to EUR 468.2 million, the company said in a report.

March 31, 2016