Andritz Hydro, an affiliated firm of leading plant construction company Andritz AG, has received a string of assignments worth an overall 80 million Euros.The firm said today (Thurs) that it was contracted to deliver electromechanical equipment for new hydropower facilities in Sweden and India. Andritz Hydro added that it was asked to modernise existing plants […]
Tag: company
Tucek asked to leave VIH
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A leading hotel chain has decided to part company with executive board chief Rudolf Tucek.Vienna International Hotel Management AG (VIH) announced yesterday (Weds) that its supervisory board decided to remove Tucek from power. Reports have it that business partners and customers were irritated by his “energetic decision-making” regarding the management of existing hotels and VIHs […]
Beyrer gets ÖIAG top job
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Markus Beyrer, the general secretary of the Federation of Austrian Industries (IV), has been appointed as the new head of Industry-Holding Stock Corporation ÖIAG.ÖIAGs supervisory board unanimously voted for Beyrer yesterday afternoon (Tues). Around 40 businesspeople applied for the post, according to reports. Former Telekom Austria (TA) and VimpelCom boss Boris Nemsic was the only […]
German building company Monier has taken over an Austrian roofing expert in full, it was announced today (Tues).Viennese brick maker Wienerberger AG said Oberursel-based Monier has taken over its interest in Bramac. Wienerberger held a 50 per cent interest in Bramac which has its headquarters in Pöchlarn, Lower Austria.Part of the deal is a 40-million-Euro […]
OMV head acquitted
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OMV boss Wolfgang Ruttenstorfer has been found not guilty of insider trading.The former Social Democratic (SPÖ) state secretary faced three years in jail over suspicions he benefited from insider knowledge in a controversial stock purchase.Ruttenstorfer, who has headed the oil and gas company since 2002, acquired 26,500 OMV stakes worth 632,000 Euros in March 2009. […]
Polish 11mn order for Kapsch
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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 […]
ÖBB to train rival’s staff
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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 […]
ÖBB names new RCA chiefs
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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 transportation systems producer will build the worlds longest cable car at a Russian holiday hotspot.Doppelmayr Holding AG (Doppelmayr) said today (Weds) it was contracted to set up a 5.4-kilometre connection between the Laura ski resort and Krasnaya Poljana near Sochi where the 2014 Winter Olympics will take place.The Wolfurt-based company, which is […]