Energy sector giant OMV AG has managed to increase its turnover and profit although it was forced to scale back its activity at some of its most crucial production and exploration sites due to the unrest in the Arabian world.OMV said today (Weds) its turnover soared by 53 per cent to 8.07 billion Euros from […]
Internationally operating technology group HTI High Tech Industries AG (HTI) managed to reduce its losses as the firm gets ready to enter the Vienna Stock Exchanges (WBAG) Prime Market.The Linz-based company is currently quoted on the WBAGs Mid Market. Its stocks will be traded on the Prime Market of the WBAG on 1 May. One […]
Strabag SE has said it is “cautiously optimistic” for the remainder of this year due to a “construction boom” in Poland.The Vienna-based company Austrias leading building firm announced today (Thurs) it expected to benefit from the strong economy in Poland and positive developments in Germany.Strabag explained it experienced a strong increase of assignments […]
OMV AG has started operating at an oil field in Tunisia after taking over an American rivals exploration activities in the North African country.The Austrian energy sector top dog said today (Weds) it carried out first drillings at the El Badr 5 field in Tunisia earlier this week. OMV explained it would produce 1,500 barrels […]
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 […]
A leading Russian bank may take over struggling Volksbank AGs (ÖVAG) international operations department.Russian business newspaper Vedomosti reports today (Weds) that Moscow-based Sberbank was in the final stage of negotiations with ÖVAG about the acquisition of a 51 per cent interest in VBI (Volksbank International). The daily cites sources close to Sberbank’s top management saying […]
Toni & Guy has revealed plans to expand in Austria.The British hairdressing company which has shops across the world said today (Weds) it wanted to open more stores in the country. Toni & Guys Austrian representation is currently limited to one salon in Viennas Innere Stadt district.”The goal is to position ourselves in […]
Linz-based steel industry firm Voestalpine AG has decided to increase its research budget.The company announced today (Tues) it will pour 120 million Euros into firm-internal research projects in the 2011/2012 business year which starts this Friday (1 April), around 10 per cent more than in the current business year. Voestalpine pointed out that it has […]
Individual power supply solutions specialist Dipl.Ing. Hitzinger GmbH (Hitzinger) has received assignments worth eight million Euros.The Linz-based firm said today (Mon) it was contracted to produce and deliver interruption-proof energy systems worth six million Euros to various business clients across Europe. Hitzinger added it also received orders for emergency power supply devices worth around two […]
Bregenz-based textiles and tights manufacturer Wolford AG has managed to increase its turnover by more than six per cent.The company said today (Fri) its turnover climbed by 6.6 per cent to 120 million Euros in the first three quarters of the 2010/2011 business year compared to the same period of the previous business year.Its earnings […]