Prospering plastic producer Borealis AG has said the construction of a centre for innovation in Abu Dhabi should be completed soon.The Vienna-based company which also runs factories in Austria and Sweden among other countries announced today (Thurs) that the facility in the capital of the United Arab Emirates (UAE) will be operating by […]
Tag: AG
RHI profit plummets
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Fireproof products manufacturer RHI AG has said it is optimistic about the coming months despite the setback the firm experienced at the beginning of this year.RHI announced today (Thurs) it achieved a profit of 18.3 million Euros in the first quarter of 2011, down by 14.9 per cent compared to the same period of last […]
Cat Oil reports sky-high profit
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CAT Oil AG has managed to double its profit.The Austrian company which produces and offers services for the equipment for the oil and gas industry said today (Thurs) its net profit soared from 8.4 million Euros in 2009 to 19.5 million Euros the next year. Cat Oils turnover edged up by 0.3 per […]
ATB braces for sky-high losses
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Struggling engine manufacturer ATB Austria Antriebstechnik AG (ATB) has warned shareholders it could have suffered immense losses last year.The Vienna-based company which runs factories in the Austrian province of Styria, Germany, Great Britain and Serbia said yesterday (Thurs) its annual loss could be higher than half of its nominal capital. ATB added that […]
Construction industry giant Strabag SE has acquired a German hydraulic engineering expert.The Vienna-based firm said yesterday (Weds) it fully took over Ludwig Voss GmbH retroactively on 1 January 2011, adding that it was awaiting the green light from competition watchdogs. Strabag did not disclose the takeover price.Ludwig Voss is a family business specialised in water […]
VIA shattered by Arab unrest
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Vienna International Airports (VIA or VIE) performance has been affected by the uprisings in North Africa and the Arabian region.Flughafen Wien AG, the company managing Austrias busiest aerodrome, said today (Tues) the number of passengers to destinations in the Far and Middle East edged down by 0.5 per cent last month compared to March 2010 […]
Raidl raises profit distribution issue
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Austrian National Bank (OeNB) President Claus Raidl has called on company bosses in Austria to increase the income of staff.The former Böhler-Uddeholm AG (BUAG) chief said today (Thurs) it was “not acceptable” that real wages were not rising this year despite the strongest economic growth since the crisis of 2008. Raidl suggested enterprises should pay […]
Semperit share value drives upwards
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Semperit AG Holding (Semperit) shares soared in value today (Tues).As of 2pm, one stock in the rubber and synthetics industry company was traded at 40.81 Euros, up by 1.56 per cent. Semperit is based in Vienna and part of the German Continental AG group, a leading producer of tyres.Vienna-based fireproof products maker RHI AG also […]
Huber happy as turnover jumps
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Götzis-based clothes producer Huber Holding AG (Huber) has managed to achieve a higher turnover and earnings last year than in 2009.The Vorarlberg company said today (Mon) its turnover rose by 3.8 per cent to 101.3 million Euros, while earnings before interest and taxes (Ebit) soared from 2.7 million Euros in 2009 to 4.7 million Euros […]
RZB boss denies VBI takeover aim
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Raiffeisenzentralbank (RZB) chief Walter Rothensteiner has ruled out being interested in the acquisition of two struggling competitors.Rothensteiner told the Kurier newspaper today (Mon) that RZB had no intentions to approach Hypo Group Alpe Adria (HGAA) and Volksbank AG (ÖVAG about a takeover or a cooperation.The banker argued there would be “no sense” in acquiring HGAA […]