A leading American metal and plastic containers manufacturer has revealed it is close to completing the acquisition of an Austrian rival.US media report today (Thurs) Silgan Holdings Inc. (Silgan) is ready to take over Vogel & Noot Holding AG (Vogel & Noot) for 253 million Euros.Vogel & Noot, which is based in Wartberg in Styrias […]
Energy provider EVN AG managed to increase its earnings in the past business year.The Lower Austrian company said today (Thurs) that its earnings before interest and taxes (Ebit) jumped by 6.9 per cent year on year to 187.3 million Euros in the 2009/2010 business year which ended on 30 September.The firms turnover edged up by […]
An Altach-based electrical engineering company has asked officials to start bankruptcy proceedings in a bid to continue doing business after having its finances restored.The Federal Creditors Protection Association (KSV 1870) announced today (Weds) that authorities in the province of Vorarlberg started checking the finances of MH Elektrotechnik GmbH which has debts of around 1.6 million […]
An Upper Austrian company has been assigned to build what will be the biggest building in Minsk, it emerged today (Weds).Habau Hoch- und Tiefbaugesellschaft m.b.H. (Habau) confirmed reports claiming it had been contracted to construct the 170-metre Minsk Tower.The company, which is based in the town of Perg, explained it planned to have started the […]
Office furniture specialist Bene AG has managed to reduce its losses.The company, which is based in the Lower Austrian town of Waidhofen an der Ybbs, said today (Weds) it suffered losses of 8.7 million Euros in the third quarter of the 2010/2011 business year, down by 100,000 Euros year on year.Benes turnover declined from 135 […]
Austrian Social Democratic (SPÖ) Chancellor Werner Faymann has met with Croatian Democratic Union (HDZ) Prime Minister Jadranka Kosor just three days after her predecessor was arrested in Austria.A spokesman for Kosor claimed that today’s (Mon) meeting was agreed upon “a long time ago”, and dismissed it had anything to do with the arrest of ex-HDZ […]
Victoria’s Secret is to open a showroom in Austria, according to reports.Austrian business weekly Format claims today (Fri) the American lingerie maker plans to open its first representation in the country in the city centre of Vienna in February.Victoria’s Secret has cooperated with some of the best paid models in the world in advertising its […]
Retail trade representatives are delighted about “sensational” revenue as hundreds of thousands of Austrians took the opportunity to go shopping on yesterdays (Weds) national holiday.The 8th of December which marks the Immaculate Conception of Mary is traditionally one of the busiest days in the year for the retail trade sector as shops have […]
Michael Doppelmayr, head of transportation systems producer Doppelmayr Holding AG (Doppelmayr), has said he is “very satisfied” with the past business year.The internationally operating firm, which is based in the Vorarlberg town of Wolfurt, suffered a slight decline in turnover in the 2009/2010 business year from 615.7 to 603.2 million EurosThe company boss pointed out […]
Austrian Energy & Environment (AE&E) has filed for bankruptcy just weeks after its owner A-Tec Industries AG (A-Tec) was forced to open insolvency procedures.A-Tec said it failed to find an investor for AE&E, which is its biggest subsidiary. The firm held takeover talks with Styrian company Andritz, Austrian businessman Ronald Pecik and a string of […]