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www.infoexport.gc.ca/ie-en/DisplayDocument.jsp?did=4998
Austrian Companies Looking for
Representation
Austrian Companies with Subsidiaries in
Canada OPPORTUNITY:
NORTH AMERICA - A NEW PRIORITY REGION FOR
AUSTRIAN INVESTMENT
- In 1998 the investment outflow from Austria was US$3.01 billion.
- Investment flows from Austria are centered on the EU.
- Recently Austria has launched a business offensive to position
Austrian business better in world markets.
- North America has been targeted as a priority region. NAFTA has
increased the attractiveness of Canada for Austrian investment.
AUSTRIAN INVESTMENT IN CANADA:$82 MILLION INCREASE OVER THE PAST TEN
- In 1999, Austria's stock of investment in Canada was $169 million*.
- Between 1989-1999, Austrian investment increased from $87 million to
$169 million.
- Rank: 25th largest source of Foreign Direct Investment (FDI)
in Canada.
* All figures are in Canadian dollars unless otherwise indicated.
CANADIAN INVESTMENT IN AUSTRIA: $480 MILLION INCREASE OVER THE PAST
TEN YEARS
- The stock of Canadian direct investment in Austria in 1999 was $508
million.
- $480 million increase, from $28 million in 1989 to $508 million in
1999.
- There are 19 Canadian companies in Austria.
- Rank: Austria is the 29th largest target of Canadian
foreign direct investment abroad.
RECENT INVESTMENT EXAMPLES
Palfinger - a world leader in the manufacture of hydraulic
foldable cranes, will build an assembly plant in Niagara Falls, Ontario
in order to help them gain more of the North American market.
Palfinger's North American marketing office and a service centre are
already located in Niagara Falls. The expansion will create an
additional 20 jobs.
Some Examples of Austrian Companies in Canada:
Ludwig Engel KG
AMAG
Veitch-Radex
Casinos Austria
Some Examples of Canadian Companies in Austria:
Bombardier
Magna International
Newbridge Networks Corporation
Northern Telecom
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