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Steyr Motors - first two quarters bring success 25 July 2007

Steyr © AUSTRIAN TRADE

Austrian manufacturer of M1 engines, Steyr Motors, is expecting a record business year. The level of orders is high, above all long-standing orders have increased.

 

The Austrian producer of M1 engines Steyr Motors, is expecting a record financial year. Long-standing contracts have recently increased by 300%. The number of employees has gone up and turnover is expected to increase by 33 million euros this year. The company's export quota is a considerable 98%. Demand from China has been steadily increasing for a time. Spain, Sweden and South Africa are the most significant markets for special and customized engines. Investment in Research and Development accounts for 7% of company turnover. 

 
 
 
 
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