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 […]
A 23-year-old Romanian faces legal consequences for driving his car into an Alpine authority official.The 67-year-old Austrian ordered the young man to stop as he was travelling on a cycling path outside Inzing near Innsbruck in Tyrol on Sunday afternoon. The Romanian however hit his accelerator, knocked the man down and drove off.He was tracked […]
Martin Schlaff plans to get rid of his stake in technology and fireproof products manufacturer RHI AG, according to reports.Business magazine Trend claims today (Mon) that the Austrian billionaire wants to sell his interest to Brazilian Magnesita Refractories SA (Magnesita), one of RHIs main rivals.Schlaff, who started investing in RHI four years ago, currently holds […]
Real estate company ECO Business-Immobilien AG (ECO Business) has managed to double its earnings.The firm, which has its headquarters in Vienna, said today (Tues) its earnings before interest and taxes (Ebit) climbed from 12.4 million Euros in 2009 to 29.4 million Euros the next year. ECO Business added it made a profit of 9.1 million […]
Viennese technology and fireproof products maker RHI AG achieved earnings of nearly 140 million Euros last year.The company – which presented preliminary annual figures earlier this month – said today (Tues) its earnings before interest and taxes (Ebit) soared by 75.7 per cent to 138.8 million Euros from 2009 to the following year. RHI added […]
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 […]
A Czech woman faces criminal charges for leaving her 11-month-old baby unattended for two hours to go skiing.An après ski bar owner called the police in Kaprun, Salzburg, after noticing the abandoned buggy yesterday (Sun). He said today: “We had many guests yesterday, so we didnt spot the unattended child immediately. I decided to inform […]
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 […]
The future of JoWooD Entertainment AG (JoWooD) is uncertain as a previously possible investor made clear it no longer had an interest in pouring their money into the bankrupt computer games developer.Insolvency organiser Helmut Platzgummer said today (Fri) that one company, which was initially keen on investing in the firm, now explained it no longer […]
Wienerberger AG has taken over a Belgian competitor, it was announced today (Thurs).The Vienna-based company the worlds biggest producer of bricks said it acquired Heylen Bricks. The family business which has its headquarters in Veldwezelt looks back on 100 years of manufacturing bricks.Heylen Bricks has 39 employees and achieved a turnover […]