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14.10.2010

Schöffel: New Austrian subsidiary

The sportswear expert Schöffel from Schwabmünchen in Bavaria is currently establishing an Austrian subsidiary, and will soon present its new management team assigned the task of coordinating the company’s Austrian operations as of September 1, 2010. The subsidiary will be located in Innsbruck. Schöffel sees enormous potential for the Austrian market.

25.08.2010

Siemens Group upgrades Austrian business location

Siemens Austria has been named the global interface for the small hydropower plant activities of the Group. EUR 2 million will be invested at the Salzburg facility of the company, which previously served as the national competence center for this form of generating energy. The number of employees is expected to double in the coming years.

16.08.2010

Celestica bundles medical engineering competencies in Austria

Following the acquisition of AlliedPanels by the Canadian company Celestica Inc., Austria has been named Celestica’s Center of Excellence for the European market. The Canadian company intends to bundle its medical engineering competencies for Europe in Austria. Celestica is a leading global provider of holistic “product lifecycle” solutions. The acquisition of AlliedPanels enhances Celestica’s capabilities in the field of diagnostic imaging.

12.08.2010

Parker Hannifin expands in Austria

The U.S. industrial components supplier Parker Hannifin recently opened its third outlet in Austria. Parker Hannifin supplies some 350 industrial companies and retail distribution partners which indirectly serve several thousand firms. Its products include pneumatic and hydraulic fittings for the mechanical engineering sector. Since the beginning of July, Austria is also responsible for coordinating sales in 17 Central and Eastern European markets. Peter Hannifin employs 132 people in Austria.

16.07.2010

GreenOneTec invests EUR 4 million

GreenOneTec, a manufacturer of solar energy facilities, has put the world’s most modern and fastest production line for solar collectors into operation at its plant in Carinthia. The production line can manufacture one solar collector per minute. The total investment volume was EUR 4 million.

14.07.2010

Turnaround for foreign investment projects in Austria

The half-year’s business results of ABA-Invest in Austria showed a positive development for foreign companies setting up business operations in Austria. The number of successfully concluded projects rose to 93 in the first six months of 2010, up from 84 in the previous year. This represents an increase of 11 percent. These projects involved investments of EUR 103 million, close to three times the level of EUR 37 million in the first half of 2009, and created 504 new jobs. “We have achieved a turnaround and have regained momentum with respect to foreign companies establishing business operations in Austria. In addition to the recovery of the German market, Austria is profiting from its role as the business interface to Eastern and South East Europe”, says Reinhold Mitterlehner, Federal Minister for Economic Affairs. ABA Managing Director René Siegl expects a gradual upturn in the cyclically-sensitive business promotion business, assuming an ongoing improvement in the overall economic situation.

14.07.2010

The B.Braun pharmaceutical group conducts research in Graz

The medical engineering giant B.Braun with German roots and 40,000 employees around the globe has opened a research and development office in Graz. “The Graz University of Technology, the Medical University of Graz and Joanneum Research have been working intensively with B.Braun on a therapy project for intensive care patients over the last three years. Now comes the next big step with our setting up our own operations in Graz”, says Martin Ellmerer, the new head of B. Braun’s R&D hub in Graz. More specifically, the team is now developing and testing a glucose sensor, embedded in a university and research environment of Human.technology cluster in Styria. The glucose sensor is designed to monitor the blood glucose level of intensive care patients.

06.07.2010

Insurance company selects Vienna as its CEE hub

The Austrian subsidiary of the German insurance company Ergo Versicherung has been upgraded and will further expand its business activities to encompass insurance policies sold by banks in Central and Eastern Europe. Ergo Austria is already responsible for coordinating operations in seven countries, and is considering entering the Bosnian, Serbian and Ukrainian markets. A competence center for bank partnerships in other countries, also in Asia, is being established at the new Austrian headquarters.

25.06.2010

Austrians the fourth richest in the EU

An Austrian can afford 24 percent more than the average EU citizen. This was the conclusion of a comparison of the per capita gross domestic product in purchasing power standard, which takes account of different price levels and is carried out by the European Statistical Office Eurostat. The most prosperous country in the EU is Luxemburg, ahead of Ireland and the Netherlands. Germany ranks seventh.

16.06.2010

Fresenius: New research and development department in Austria

The German health care company Fresenius Medical Care, the specialist for products and services in the field of dialysis, has transferred its development department for absorber technology to the Biotechnology Center Krems in Lower Austria. The move has created 15 new high-tech jobs. “We are confronted with increasing quality demands in the medical products industry. We were able to find the ideal conditions in Krems. The high-tech laboratory premises at the Biotechnology Center fulfill the standards we require for successful research and production work”, says Wolfram Strobl, General Manager Fresenius Medical Care Adsorber Tec GmbH.