Crane manufacturer Palfinger AG has said it plans to get busier in Russia and China as its turnover and profit increased in the first half of this year. The Salzburg-based company announced today (Weds) its turnover shot up by 39.3 per cent from the first six months of 2010 to the same period of 2011 […]
Tag: China
Residents, businesspeople and politicians of Hallstatt are engaged in a heated discussion about the pros and cons of Chinese architects’ plans to set up a replica of the small town around 9,000 kilometres eastwards. Alexander Scheutz, the Social Democratic (SPÖ) mayor of the town said yesterday (Weds) after being informed about planners’ ongoing activities: “You […]
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 […]
Lenzing challenged by soaring demand
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Cellulose fibre manufacturer Lenzing AG is experiencing problems in meeting demand for its products.The company, which is based in the Upper Austrian town of Lenzing and quoted on the Vienna Stock Exchange (WBAG), said today (Tues) it was “sold out for eight months”.”We are currently unable to provide our customers with enough fibre,” Lenzing […]
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 […]
By Austrian Independent special correspondent John Morris Austrian companies from Styria, the Green Heart of Austria, travelled on a trade mission to China the last two weeks visiting Hong Zhou, Shanghai, Tianjin and Beijing to stimulate the regions economy following the deepest recession since the 1930s. Raiffeisen Zentral Bank general manager for China, Andreas Werner, […]