Austrian economic news in a flash

(The most important economic news in Austria from 23 September)  
 
Gruber & Kaja, part of HTI holding, has secured a EUR 45m order to deliver aluminium parts for all-wheel transmissions to an unnamed foreign company. The period of the order stands at eight years.

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Sanitary and heat technology wholesaler SHT Haustechnik AG, part of  Frauenthal Holding, has opened a new sales and service site in Innsbruck. The company has invested about EUR 4m in the project. 

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The EUR 1bn capital increase of Verbund will result into the opening of up to 37,000 jobs, Austria's economic minister Reinhold Mitterlehner said. The move will be part of the company's strategy to secure a long-term increase of its value. Austria, as a 51% owner, will pour EUR 510m in the company.