The supervisory board of crane producer Palfinger AG is going to hand control over to the next generation as two members will be replaced my much younger counterparts.The firm, which has its headquarters in Salzburg, said today (Weds) that Hannes Palfinger, 37, and Stiegl brewery boss Heinrich Dieter Kiener, 54, will join the panel next […]
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TA’s 2010 turnover down, say analysts
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Telekom Austria (TA) may have suffered a decline in earnings before interest, taxes, depreciation and amortisation (Ebitda) and turnover last year, according to leading analysts.Experts of Erste Bank, Bank Austria (BA) owner UniCredit and Raiffeisen Centrobank (RCB) said today (Tues) that they had expected Austrias leading provider of telecommunication services and mobile connections to have […]
Wienerberger manages recovery
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Wienerberger AG the worlds biggest producer of bricks is back in the black.The firm headed by Heimo Scheuch said today (Tues) that it had earnings before interest and taxes (Ebit) of 10.7 million Euros last year after a loss of 258.1 million Euros in 2009. Wienerberger added that its turnover declined by four […]
Baumit International managed a year on year turnover increase in 2010.The company, which is based in Waldegg, Lower Austria, said today (Fri) that its turnover soared by 10 million Euros to 790 million Euros in 2010. The construction material firm does business in 29 countries in Central and Eastern Europe (CEE).Baumit International said it recently […]
Porr partners with broke Slovenian firm
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An Austrian construction company has started a joint venture with a bankrupt rival, it has emerged.Business papers report today (Weds) that Vienna-based Porr AG will start working together with Slovenian building firm SCT. The new partners will try to win public tenders in the country which neighbours Austria in the south.SCT was banned from applying […]
Westbahn eyes Linz – Graz route
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Opposition politicians in Upper Austria have welcomed news that a private railway service provider is planning to offer a direct service between Linz and Graz.Westbahn confirmed yesterday (Weds) it has been holding talks with Upper Austrian decision-makers about logistical details regarding a possible service between Linz, the provincial capital, and the city of Graz in […]
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 […]
Stora Enso sets Ybbs focus
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A Finnish packaging and wood products firm plans to invest more than 20 million Euros in Lower Austria, it has emerged.Stora Enso announced today (Tues) that it will start setting up a new facility to produce wood boards and various other wood elements this spring. The Helsinki-based firm explained that it planned to invest 23 […]
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 […]
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 […]