Brewing company Privatbrauerei Zwettl announced plans to invest five million Euros in its facilities this year to match the growing demand for its products.Firm chief Karl Schwarz said today (Fri): “The year 2010 will be a year of investments for us. Well spend an overall five millions on the companys infrastructure.”Schwarz fifth generation head […]
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A controversial motorway tender deal in Romania that was bitterly contested by Austrian firm Strabag has collapsed after the winning French-Greek consortium pulled out of the deal.Romanian Times reports today (Thurs) that a consortium of French construction group Vinci and Greek builder Aktor withdrew from the 4.8-billion-Euro deal.The deal involved building of a 58-kilometre motorway […]
All 45 jobs at a bankrupt Salzburg wood firm are safe, it emerged today (Weds).Liquidator Konrad Ferner said he told the 45 Salzburger Holzindustrie employees yesterday that they will all keep their jobs after he managed to find an investor willing to take over the broke company.Ferner said the Carinthian wood-processing firm Johann Weinberger won […]
bwin eyes South America
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Austrian online gaming platform bwin has revealed plans to expand to South America.Company chief Norbert Teufelberger said in an interview today (Tues) that he saw more growth potential in America than in Europe.”The plan is to do business in two to four South American countries within one or two years,” he explained.The bwin head also […]
Kapsch TrafficCom Sweden, a 100-per-cent subsidiary of Austrian IT firm Kapsch TrafficCom AG, has won a big assignment in Bangkok.Company officials announced today (Tues) that they will equip the Thai capitals Bang NaBangpakong expressway with a road toll system.The order was worth seven million Euros, they said, adding that they will set the system up […]
The economic crisis is still affecting Austrian companies as the number of newly registered lorries dropped in the first quarter of this year.Official figures released today (Mon) show that 5.6 per cent less lorries were registered during the first three months of this year compared to the same period in 2009.The number of registered articulated […]
Saubermacher rumoured to acquire AVE
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Styrian waste management and recycling firm Saubermacher Dienstleistung-AG reportedly wants to acquire Upper Austrian waste management firm AVE, a subsidiary of Upper Austrian energy provider Energie AG Oberösterreich (EAG).Business magazine trend reported the news today (Mon), but EAG General Director Leo Windtner said the report had no basis in fact.He said: “AVEs continued consolidation is […]
Lenzing to invest more in expansion
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Upper Austrian fibre producer Lenzing AG announced today (Mon) that it would invest an additional 78 million Euros in expansion of its facilities in Nanjing, China, and Lenzing, Upper Austria.It added that half of its fibre production capacity would be located in Asia after the expansion. It announced the investment of 120 million Euros in […]
JoWooD highscore in 2009
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Turnover improved last year for Styrian software and computer game producer JoWooD Entertainment AG, the company reported today (Fri).The firm said its net profit had risen by 50 per cent from 1.005 million Euros in 2008 to 1.504 million Euros in 2009.Earnings before interest and taxes (Ebit) rose by 24.8 per cent year on year […]
Pages Jaunes snatches 123people
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An internet search engine co-founded by an Austrian company has been sold to French yellow pages firm Pages Jaunes, it was announced today (Weds).Vienna-based firm i5invest and international enterprise GCP gamma capital partners, which has an office in the Austrian capital, founded 123people two years ago.The companies have remained tight-lipped about price, while German business […]