Federal Railways (ÖBB) boss Christian Kern has revealed that his firm will begin training the train drivers of a rival company.Businessman Hans Peter Haselsteiner and former ÖBB manager Stefan Wehinger’s Westbahn project will start offering around daily connections between Vienna and Salzburg this December. Wehinger recently told Die Presse newspaper: “We expect to achieve operative […]
Car tyres may get more expensive soon, an industry representative has warned.Continental AG board member Nikolai Setzer said today (Thurs) soaring rubber trade rates could lead to higher customer prices. He added price hikes of seven to eight per cent were possible if price developments on the global trading market do not calm down.Hanover-based Continental […]
Upper Austrian wood company Teak Holz International AG (THI AG) is back in the black, it has emerged.The Linz-based firm, which suffered a loss of 11.8 million Euros in the 2008/2009 business year, said today (Thurs) its achieved earnings before interest and taxes (Ebit) of 3.5 million Euros in the 2009/2010 business year which ended […]
Strabag SE chief Hans Peter Haselsteiner has rubbished speculations construction projects in 2014 Olympics host city Sochi are running late.The businessmans company is just one of a string of Austrian firms which were assigned to carry out building and infrastructure projects in the Russian Black Sea resort.Haselsteiner told the Kurier newspaper today (Thurs): “We are […]
A factory in Vienna has produced the 20-millionth gearbox for General Motors (GM), it emerged today (Thurs).GM Powertrain Austria boss Rudolf Hamp said GM decided to pour an additional 50 million Euros in the plant in Donaustadt district to improve the production process after the 20-millionth gearbox left the conveyor belt earlier this week.Hamp said […]
Viennese technology company Kapsch TrafficCom AG (Kapsch) has bagged a major assignment in Poland.The road toll systems specialist said today (Thurs) it will set up a digital radio system on 84 kilometres of railway network in the country. The company, which is headed by Georg Kapsch, added the contract was worth 11 million Euros.Kapsch official […]
Austrian lingerie manufacturer Palmers has warned it will try to withdraw the takeover of rival Lejaby amid suspicions its previous owner gave wrong information about its finances.Palmers boss Thomas Weber told business magazine Trend his firm was considering approaching US American Warnaco Group to discuss chances for a retroactive reduction of the takeover price of […]
Bosses of struggling Federal Railways (ÖBB) have appointed two new heads for loss-making affiliated firm Rail Cargo Austria (RCA).ÖBB CEO Christian Kern decided in November to remove RCA co-chiefs Friedrich Macher and Günther Riessland from executive power as the companys debts stopped soaring.Kern explained at that time that Macher and Riessland will keep working for […]
Niki Lauda has found a new “head sponsor”.The three-time Formula One (F1) champion almost died when his Ferrari caught fire at the Nürburgring racing course in Germany in 1976. “I didnt want people looking at the black, burnt skin,” he explained when being asked why he decided to don a baseball cap. The businessman, who […]
A leading Austrian building firms German branch has won a 82-million-Euro assignment in the United Arab Emirates (UAE).Alpine Bau GmbH (Alpine) said today (Mon) that its German representation Alpine Bau Deutschland AG will build office buildings, storage sites and production facilities in Abu Dhabi for Borouge, which is a joint venture between the Abu Dhabi […]