The net loss of ALPINE Group for the 2012 financial year equals EUR 449.7 million and results mainly due to unprofitable large-scale projects outside Austria. In addition, updated risk assessments had an effect on the financial results. Construction work decreased from EUR 3,621 million in 2011 to EUR 3,213 million in 2012. The decrease in construction work reflects the commencement of Alpine Group’s exit from unprofitable markets abroad.

The amount of losses and the reduction in construction work are both within the scope set out in the reorganization agreement with the financing partners. The issuer continues its focused implementation of the operational restructuring of ALPINE Group.

The annual financial statements of ALPINE Holding GmbH for 2012 will be published as envisaged on or about 31 May 2013.

The Markgrafenkarree construction project is situated in Berlin-Mitte in the immediate vicinity of Friedrichstraße and the Gendarmenmarkt. A number of one- to four-room apartments will be built on living space totalling around 30,000 m². Spacious, open-plan inner courtyard areas are part of the overall concept of the new project which will combine living and working spaces in one residential complex. In addition, shops are planned for daily provisions and there will also be 180 underground car parking spaces.

Construction group ALPINE to build 345 apartments in Berlin-Mitte
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Photos copyright: Stefan Forster Architekten

Mr Schultheis was engaged by ALPINE in November 2012 to take on the post of restructuring manager and negotiate a restructuring package between the company, its creditors, the owners FCC and state representatives . ‘My job is done. The contractual agreement negotiated with the banks, insurers, the owner FCC and ALPINE creates stability and a secure basis for the future. Now, Alpine can – and will – return to concentrating on its core business.’, explained Josef Schultheis, reporting on the successful completion of his tasks. ‘During a number of extremely intense months, I had the opportunity to meet numerous ALPINE employees and negotiating partners who successfully fought for the survival of the company with absolute dedication and never once lost their faith in the future of ALPINE’, said Mr Schultheis in his words of thanks to staff members and negotiating partners.

The restructuring concept foresees the closure of unprofitable activities, above all in eastern Europe, and an intensified focus on established markets. In addition to this, individual company holdings such as ALPINE Energy or the Special Civil Engineering Group will be sold off.

Restructuring Manager Josef Schultheis: „My job is done“

The turnaround specialist, Bernhard Baumgartner, appointed to the executive board of ALPINE Bau Deutschland AG in December 2012, will press ahead with the restructuring process as the CRO (Chief Restructuring Officer). Two other board members, Oscar Ruiz (CFO – Chief Financial Officer) and Ramon Gomez (COO – Chief Operation Officer) will be responsible for the financial sector  and operations, respectively. 

Arnold Schiefer took the helm of the Austrian parent company, ALPINE Holding GmbH as the CEO this week. An agreement for a comprehensive restructuring package had been reached between the ALPINE Group, the sole owner FCC and the financing banks and insurance companies just one week earlier. FCC will contribute 250 million euros, of which 99 million euros were already converted to equity for the 2012 business year. The creditors agreed to accept a debt reduction in the amount of 150 million euros. The new agreement indicates that ALPINE’s financial stability is secure again. The business plan on which the future program is based forecasts that the ALPINE Group will be in the black again in 2015. Germany is the construction company’s main core market next to Austria, ALPINE’s original market.

Construction manager Frank Jainz is new CEO of ALPINE Bau Deutschland AG
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This solution was reached after weeks of intense, constructive negotiations between ALPINE and more than 50 financing partners represented by the two Austrian lead banks, Erste Bank AG and UniCredit Bank Austria AG, and the bond insurers, coordinated by Euler Hermes. FCC provided the necessary cash to the construction company throughout the negotiating stage. This high financial commitment demonstrates FCC’s continued willingness to back ALPINE’s long-term turnaround in the future.

An understanding in principal for the implementation of ALPINE’s restructuring agreement was already reached between ALPINE, representatives for the Republic of Austria and the banks on March 3, 2013. The business plan on which the program for the future is based forecasts that ALPINE will return to positive figures again in 2015. ALPINE’s creditors have agreed to write off 150 million euros. The legal position of the bond holders of ALPINE will not be affected by the haircut of the banks. FCC provides a total of 250 million euros under the agreement, of which 99 million euros are already converted into equity for the financial year 2012. The signing of the agreement is the cornerstone for the company’s stable, successful development.

Contract sets forth ALPINE’s program for future

As a recognized Austrian top manager, Arnold Schiefer will head ALPINE’s transformation process and return the organization to its former position as a profitable construction company with efficient, powerful structures. Schiefer’s appointment to the company’s top echelon is a clear, positive and stabilizing statement by the owner, FCC, to ALPINE’s staff and business partners but above all to Austria, ALPINE’s domestic market. ALPINE’s new strategic orientation will primarily focus on the profitable core business and consequently the discontinuance of unprofitable projects in Central and Eastern Europe. Austria will continue to be the key market in the future.

Born in Upper Austria, Arnold Schiefer studied Business Economics in Vienna and Innsbruck. Up from the year 2000 he was in charge of several functions of the Infrastructure Ministry and became division manager of the Infrastructure Ministry in Vienna in 2000. Before he changed to the Austrian Federal Railway (ÖBB) in 2005, where he took over the project management for the construction of Vienna’s Central Train Station and was interim member of the board of Brenner Basistunnel, he was as well member of the Supervisory board of ASFINAG. 

As the chairman of the board of ÖBB, he supervised the merger in the infrastructure sector and the new orientation of ÖBB-Infrastruktur AG, switching to Rail Cargo Austria AG in 2011. In this position he was in charge of the reorganization and turnaround of Rail Cargo Hungaria. He lastly held the position of chairman of the board at Rail Cargo Austria AG and was member of the Supervisory board of Asset One in Graz. 

Arnold Schiefer was appointed in addition to the chief restructuring manager (CRO) Josef Schultheis. Employed in November 2012, Schultheis succeeded in achieving the necessary breakthrough a few days ago during decisive negotiations with the government, creditors and the company’s owner, FCC,  for the acceptance of the restructuring program to secure ALPINE’s continued existence.

Arnold Schiefer appointed new CEO at ALPINE
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The formal signing of the restructuring agreement is expected to take place during the coming days. Creditors are already supporting this by an overwhelming majority and have underpinned this with undertakings for a continued standstill. The bondholders’ legal position will be unchanged, they are not affected by the haircut. ALPINE group is solvent.

24-million-euro contract: ALPINE to rehabilitate the Czech D1 Motorway

ALPINE started building the second, new Bosruck Tunnel tube at the end of 2009. The tunnel should be open to traffic this summer. Afterwards the existing tunnel tube will be rehabilitated. It is planned to open both tunnel tubes to traffic in 2015.

ALPINE best contender for ASFINAG’s Pyhrn Motorway contract

These appointments arose following Baldomero Falcones Jaquotot’s resignation as Chairman and CEO. Falcones became Chairman of the Board in June 2008, six months after his appointment as CEO. He will now chair the FCC Foundation.

The appointments, which mark the beginning of a new era, were vetted beforehand by FCC’s Appointments and Remuneration Committee.

To date, Esther Alcocer Koplowitz has been Second Vice-Chairman of FCC; Juan Béjar is Chairman and CEO of Cementos Portland Valderrivas and Executive Chairman of Globalvía.

Esther Koplowitz Romero de Juseu will continue as First Vice-Chairman of the Board of Directors.

Further information from:

Department of Communication

T: +34 91 343 72 64 / 91 343 74 67

comunicacion@fcc.es

http://comunicacion.fcc.es

@FCC_Group

‘Restructuring concept makes economic sense’

 ‘Insolvency should be avoided.’ 

The restructuring concept and the measures it would provide were discussed in today’s negotiations with the financing partners, under the leadership of Erste Bank AG and UniCredit Bank Austria AG. The general tone of the financing partners: ‘The restructuring concept makes economic sense.’ ‘Insolvency should be avoided.’

The concept envisages getting ALPINE 2015 back in the black and enabling the long-term stable continuity of the company. A contribution is required from all three major partners, the banks and insurers, from ALPINE itself and from the sole owner, FCC, in order to implement the restructuring concept. The financing partners and FCC are to provide an equity contribution, the banks in the form of a claim waiver, FCC in the form of cash. ALPINE itself will make its contribution to financing the restructuring programme via the already initiated sale of its subsidiaries, ALPINE-ENERGIE AG, HAZET and the specialist foundation engineering sector.

Details of the agreement will be determined with the financing partners over the next few weeks.

Questions: Mag. Johannes Gfrerer

Spokesman for the ALPINE Group

Tel: +43 664 9638000

johannes.gfrerer@alpine.at

www.alpine.at

ALPINE-ENERGIE
Since its formation in 1920, ALPINE-ENERGIE and its national organizations in Germany, Austria, Switzerland, Luxembourg, Poland, the Czech Republic, Hungary and Italy, developed from a company for electrical and industrial operations to a global player in the field of energy production, energy transport and energy technology applications. 

ALPINE-ENERGIE is a subsidiary of the Austrian ALPINE Group. ALPINE grew from a small Salzburg equipment rental company to one of Europe’s leading construction companies. ALPINE’s 15,300 members of staff, of which 7,500 work in Austria, generated revenue from construction services in the amount of 3.6 billion euros in 2011.

ALPINE-ENERGIE Holding AG: Herbert Furch takes over as chairman of the board

The Austrian Bernhard Baumgartner was appointed the CEO (Chief Executive Officer) of ALPINE Bau Deutschland AG. The turnaround manager successfully guided numerous companies through the reorganization process in Europe, the USA and Asia for nearly 30 years. Baumgartner is taking over the executive position from Enrique Sanz, CFO of the Austrian parent company, ALPINE Holding GmbH, and the German subsidiary’s sole interim director since September.

In addition to Baumgartner, Ramon Gomez and Oscar Ruiz will also be appointed to the board of directors at ALPINE Bau Deutschland AG in the near future. As the CFO (Chief Financial Officer) Ruiz will be in charge of finances; as the COO (Chief Operation Officer) Gomez will manage the operational business. Both formerly worked for FCC, ALPINE’s owner. The company will provide information on further planned appointments to the board as soon as possible.

The Austrian ALPINE construction company brought the renowned reorganization manager, Josef Schultheis (47), on board two weeks ago. As the CRO (Chief Restructuring Officer) Schultheis is masterminding the necessary reorganization steps to put the entire ALPINE Group back on a stable, successful course.

ALPINE’S strategic reorientation will primarily concentrate on the profitable core business and consequently the discontinuance of unprofitable projects in Central and Eastern Europe. The entire reorganization process will be accompanied by efficiency programs.

ALPINE is an Austrian company that grew from a small Salzburg equipment rental company to one of Europe’s leading construction companies. ALPINE’s 15,300 members of staff, of which 7,500 work in Austria, generated revenue from construction services in the amount of 3.6 billion euros in 2011.

ALPINE Bau Deutschland AG: Appointment of new supervisory board member and director

The City of Dortmund’s urban transport system has been gradually expanded since 1969. Its railway network has meanwhile grown to a length of 75 kilometers. The city railway, a combination of subway and tramway, now carries over 130 million passengers per year. One fourth of the rail network runs underground, the major part running above ground. 

ALPINE is highly competent in urban construction projects
ALPINE is one of the leading companies carrying out regional railway projects. ALPINE is currently executing railway projects in cities such as London, Vienna, Salzburg, Stuttgart, Karlsruhe and Singapore.

The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. The revenue from construction services increased to over 3.6 billion euros in 2011, of which approximately half was generated in Austria’s domestic market.

ALPINE lands contract for construction of Dortmund city railway

ALPINE and a pool of banks managed by Erste Bank AG and UniCredit Bank Austria AG signed a Standstill Agreement on November 13, 2012. Over 95% of the financing banks and insurance companies – more than 30 Austrian and international institutions – signed the Agreement. A long-term refinancing concept is currently being prepared in collaboration with the banks.

ALPINE’S strategic reorientation will primarily concentrate on the profitable core business and consequently the discontinuance of unprofitable projects in Central and Eastern Europe. Austria will continue to be the key market in the future. ALPINE’s other core markets include Germany, the Czech Republic and Slovakia. The entire reorganization process will be accompanied by efficiency programs.

ALPINE is an Austrian company that grew from a small Salzburg equipment rental company to one of Europe’s leading construction companies. It is a member of the FCC Group. ALPINE’s 15,300 members of staff, of which 7,500 work in Austria, generated revenue from construction services in the amount of 3.6 billion euros in 2011.

http://www.alpine.at/wp-content/uploads/20121129_ALPINE_brings_Josef_Schultheis_on_board_to_manage_reorganization.pdf 
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Over 95% of the financing banks and insurance companies –  more than 30 Austrian and international institutions – signed the Agreement. The owner, FCC, is guaranteeing the reorganization process with additional financial support in the short term.  ALPINE will sell assets to actively reduce the debt situation. A long-term refinancing concept will be mutually prepared with the banks during the next few months.

ALPINE’S strategic reorientation will primarily concentrate on the profitable core business and consequently the discontinuance of unprofitable projects in Central and Eastern Europe. Austria will continue to be the key market in the future. ALPINE’s other core markets include Germany, the Czech Republic and Slovakia. The entire reorganization process will be accompanied by efficiency programs.

ALPINE is an Austrian company that grew from a small Salzburg equipment rental company to one of Europe’s leading construction companies. ALPINE’s 15,300 members of staff, of which 7,500 work in Austria, generated revenue from construction services in the amount of 3.6 billion euros in 2011.

Last July I assumed the supervisory board chairmanship of ALPINE Holding GmbH. During the general shareholders’ meeting in early October Alejandro Tuya was appointed as the co-CEO, a responsibility shared with Johannes Dotter and Enrique Sanz. It was Johannes Dotter’s personal decision to leave the company. The leadership of the company by the top management was and is guaranteed. ALPINE will continue to implement its business plan, submitted to the supervisory board earlier this year. I’m truly convinced that the company will successfully master the upcoming challenges with FCC’s support and the commitment of every ALPINE employee. I’m sure that together with our lenders we will be able to present a feasible plan to assure the future development of the Group.”

Confidence following meeting with Erste Bank and lenders
ALPINE took the first steps towards a satisfactory, long-term solution to secure the Group’s future yesterday, October 17, 2012, together with its sole shareholder, FCC, and all of its lenders. The financing partners, led by Erste Bank AG and Unicredit Bank Austria AG, were provided with information on the current situation as well as a comprehensive package of measures and strategies, based on FCC’s declaration to provide adequate financial and operational support. Subject to a detailed review, the financing partners agreed to continue to back ALPINE. A controlled coordinating and planning process will take place in the next few weeks to mutually implement the restructuring and financing strategy.

FCC’s top management ensures full support

Questions:
Mag. Johannes Gfrerer
Spokesman for the ALPINE Group
Tel: +43 662 8582 286
johannes.gfrerer@alpine.at
www.alpine.at

As the European winner in this category, the project will automatically enter the global qualification on December 7, 2012, when the winners from the regions of Europe, Arabia, Asian-Pacific, Africa, Great Britain and North and South America compete in the international  finals.

The Crystal Hall’s eponymous architectural façade replicates the structure of crystals. The building, having a length of 230 meters and a width of 160 meters, is covered by transparent membrane panels. Up to 25,000 spectators are protected from the sun and weather in the arena. Over 80,000 lamps integrated in the façade make the hall glisten and sparkle at night.

ALPINE wins “European Property Award” for Baku Crystal Hall
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ALPINE has been active in Singapore for nine years
ALPINE has been active in Singapore for nine years. Between 2003 and 2010 the first major projects for the Land Transport Authority were completed, providing 12 kilometers of subway tunnel and four subway stations (Serangoon, Holland Village, Buona Vista, Kent Ridge) for the Metro Circle Line.

ALPINE – an Austrian construction company, a global player
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. The revenue from construction services was over 3.6 billion euros in 2011.The FCC Group with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries, generating sales of approx. 12 billion euros last year.

ALPINE completes first Singapore Downtown Line subway tunnel
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Copyright: ALPINE Bau
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ALPINE – an Austrian construction company, a global player
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks.

The revenue from construction services was over 3.6 billion euros in 2011. The FCC Group with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries, generating sales of approx. 12 billion euros last year.

ALPINE’s 2011 annual report wins several gold awards in New York

The first steps in the comprehensive ALPINE 2015 program focusing on “margin before sales” have taken effect. Over 60 % of the revenue from construction services is currently generated in the strong core markets Austria and Germany. The improved result in Western and Central Europe caused by implementing the strategic parameters of the ALPINE 2015 program for the future compensated for the downturn in the southern European markets seriously affected by the economic crisis.

Earnings before interest and tax (EBIT) increased from 6.3 million to 23.1 million euros during the first half of 2012, earnings before tax (EBT) were reversed from a loss in the previous year to a profit of 0.6 million euros.

Sales developed favorably in the business sectors structural engineering and power plant construction (+ 9.7% to EUR 598 million) and in communications and energy (+6.3% to EUR 197 million). A slight downturn (- 0.7% to EUR 728 million) was registered in the civil engineering sector, experienced throughout Europe due to the scarcity of government funds.

The order level of more than 3 billion euros continues to be satisfactory (2011: 3.3 billion euros). The company had an average of 15,245 employees in the first half of 2012, of which approx. 7,000 are employed in Austria.

ALPINE – an Austrian construction company, a global player
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. The revenue from construction services was over 3.6 billion euros in 2011.The FCC Group with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries, generating sales of approx. 12 billion euros last year.

ALPINE: New focus on core markets starting to pay off

Baldomero Falcones, the new Chairman of the Supervisory Board at Alpine, can look back on an extensive and international professional career. Amongst other positions he held, Mr Falcones was formerly Chairman of Santander Central Hispano Seguros, Banco Urquijo Hispano Americano Ltd. London UK, Hispano Americano Sociedade do Investimento Lisboa, Banco Urquijo Chile and a member of the Board of the BHA, BCH and Santander Central Hispano for over 15 years. He also held the position of Chairman of MasterCard International in New York until their flotation on the NYSE. Before joining FCC in 2008, he was Chairman of RWE Spain and launched Magnum Capital Partners, Spain’s largest private equity concern. 

Dr. Benita Ferrero-Waldner was considered as a potential candidate for the Chairmanship of the Supervisory Board, but declined to stand for election to this time-consuming position due to other pressing engagements. She will, however, continue to serve the company in her function as a member of the Supervisory Board. 

ALPINE – a construction concern on the road to success
The Austrian construction concern ALPINE, a member of the FCC Group, constructs roads, motorways, power stations, stadiums, railway and underground railway systems, bridges, residential properties, commercial buildings and industrial complexes throughout the world. Together with the subsidiary ALPINE-ENERGIE, the concern promotes the development and construction of sustainable, alternative energy supply concepts and power networks. ALPINE employs over 15,000 people. In 2011, construction volumes were increased to a value of 3.6 billion euros. Almost the half of this figure was earned on the Austrian domestic market. 

FCC is a globally operating conglomerate with its headquarters in Madrid and is active in the public services, infrastructure, environmental services and renewable energies sectors. FCC employs over 90,000 people in more than 50 countries and recorded revenues of around 12 billion euros in the last financial year.

Baldomero Falcones assumes the function of Chairman of the Supervisory Board at ALPINE

The 3,500 metre long, twin-track Pummelsdorf Tunnel will be built using boring techniques. This construction is designed with a single tube and six emergency exits. The contract with a total order value of 75 million euros comprises the tunnel and a section of railway line with a total length of 12,800 metres. Completion is scheduled for December 2014.

Bridging the gap in the freight train bypass between St. Pölten and Loosdorf will generate additional capacity, thereby relieving the strain on St. Pölten Central Station and benefiting passenger transport as a whole. 

ALPINE – a construction group on course for success
The Austrian construction company ALPINE, which is part of the FCC Group, constructs roads, motorways, power stations, stadiums, railways, subways, bridges, and residential, commercial and industrial buildings around the world. Together with its subsidiary ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. ALPINE employs more than 15,000 people. In 2011, it was able to increase its construction output value to more than 3.6 billion euros, almost half of which was generated in the Austrian domestic market.

The globally active, Madrid-based conglomerate FCC is engaged in the public services. infrastructure, environmental service and renewable energy sectors. With more than 90,000 employees, FCC is present in over 50 countries and turned over around 12 billion euros last year.

ALPINE builds Pummersdorf Tunnel for Austrian Federal Railways (ÖBB)

The EU’s expansion scheme triggers major investments in the railway infrastructure
ALPINE was commissioned to build the 23-kilometer railway section between Sighisoara and Atel together with FCC and AZVI last February. Volume of work: 208 million euros net. The 175-million-euro contract to rehabilitate a 30-km section between Sighisoara and Micasasa was signed in May 2012. Now the contract was placed for the longest stretch, the 43-kilometer section between Vintu des Jos and Simeria. On the whole, the Austrian ALPINE construction company and its partners will build a total of 96 kilometers of new railway line in Romania’s Transylvania region for 678 million euros. All three projects are part of the EU’s Trans-European Network (TEN) expansion program) and located in “Corridor 4,” leading from Nuremberg and Dresden to Prague, Bratislava and Budapest to Bucharest and Constanta.

ALPINE – a construction company on the road to success
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. ALPINE has over 15,000 employees. The revenue from construction services increased to over 3.6 billion euros in 2011, of which approximately half is generated in Austria’s domestic market.

The FCC Group with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries, generating sales of approx. 12 billion euros last year.

Continuing success in railway construction: ALPINE signs third major contract in Romania this year

The PGE Arena in Danzig was distinguished with the “Building of the Year 2011″ award by the Polish Association of Construction Engineers in the sports facilities category. The award is considered the most celebrated award in the construction branch in Poland. Among other things, the jury evaluated the site organization, the structural solutions found, the construction period and the type of financing. 

“We are very pleased with the award given to the PGE Arena, another stadium successfully built by ALPINE. The arena in Danzig is one of the most striking venues for the 2012 European Football Championships,” said Karsten Hell, Chairman of the Board at ALPINE Bau Deutschland AG. The stadium was designed by the RKW Rhode Kellermann Wawrowsky Architecture + Urban Planning team of architects and built by ALPINE. Three group matches and one quarter final will be played at the PGE Arena Danzig during the European Football Championships.

The stadium’s outer shell, shimmering in gold and yellow, resembles amber – the “Gold of the North”
The architecture of the PGA Arena in Gdansk, seating 42,000 spectators, is symbolic of a shimmering, oversize, golden-yellow piece of amber. The 45,000 m² polycarbonate plates covering the European Football Championship arena light up in six different hues ranging from white to yellow and gold. In addition to the PGE Arena, ALPINE also built the National Stadium in Warsaw and enlarged and modernized the City Stadium in Posen for the EURO 2012. The “Baku Crystal Hall” in Baku/Azerbaijan, built in record time as the venue for last week’s Eurovision Song Contest, is another of ALPINE’S showcase projects. 

ALPINE – a construction company on the road to success
The Salzburg-based ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. ALPINE has over 15,000 employees. The revenue from construction services increased to over 3.6 billion euros in 2011, of which more than half is generated in ALPINE’s core markets, Austria and Germany.

 The FCC Group with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries, generating sales exceeding 12 billion euros and a profit of over 300 million euros last year.

PGE Arena Danzig built by ALPINE wins two awards
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Copyright: ALPINE Bau
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ALPINE will build a 6.4-kilometer, four-lane motorway section and a 5.2-kilometer double-track railway section between Langset and Brøhaug by the end of 2016. The motorway will lead through two 630-meter tunnels (Korslund Tunnel). The railway will run through the 580-meter Molykkja Tunnel to be built by ALPINE. The contract also includes the construction of an 8-kilometer footpath and bicycle path as well as local roads having a total length of eight kilometers.

ALPINE a construction company on the road to success
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. ALPINE has over 15,000 employees. The revenue from construction services increased to over 3.6 billion euros in 2011, of which approximately half is generated in Austria’s domestic market.

The FCC Group with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries, generating sales of approx. 12 billion euros last year.

ALPINE signs 170-million-euro contract for railroad and motorway construction in Oslo

ALPINE – a construction company on the road to success
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. ALPINE has over 15,000 employees. The revenue from construction services increased to over 3.6 billion euros in 2011, of which approximately half is generated in Austria’s domestic market.

The FCC Group with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries, generating sales of approx. 12 billion euros last year.

ALPINE lands another railway project in Romania

The eponymous architectural façade of the Crystal Hall, located in the port of Baku, replicates the structure of crystals. Boasting a length of 230 meters and a width of 160 meters, the arena is covered by a transparent membrane to protect up to 25,000 spectators from the sun and weather. Over 80,000 lamps integrated in the façade will illuminate the arena with dramatic light at nighttime.

“ALPINE calls the shots for the construction of stadiums and event venues on a global scale.”
“ALPINE clearly demonstrated its competence and reliability for international large-scale events once again by building the Song Contest Arena in Baku. ALPINE calls the shots in the international league of construction companies,” emphasized Johannes Dotter, CEO of the Salzburg-based ALPINE Holding.

ALPINE Bau Deutschland AG was responsible for planning and building the Baku Crystal Hall as the general contractor. “A unique, international team spirit was noticeable in the port of Baku. The Arena was completed in an extremely short construction period and to the complete satisfaction of the client thanks to the outstanding collaboration between the client, the project partners and staff,” said a pleased Karsten Hell, Chairman of the Board at ALPINE Bau Deutschland AG. 

ALPINE – a construction company on the road to success
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. ALPINE has over 15,000 employees. The revenue from construction services increased to over 3.6 billion euros in 2011, of which approximately half is generated in Austria’s domestic market.

The FCC Group with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries, generating sales of approx. 12 billion euros last year.

It’s show time for the Eurovision Song Contest: Baku Crystal Hall officially handed over today
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Copyright: ALPINE Bau
Reprint free of charge

 ”The ALPINE bond is aimed at all investors who would like to invest in a stable and traditional Austrian company with a clear programme for the future. Anyone investing in ALPINE’s programme for the future will be rewarded with an interest rate of six percent,” explains Johannes Dotter, CEO of ALPINE Holding GmbH. 

At the beginning of the week, ALPINE presented its programme for the future, which builds upon the company’s solid performance in 2011: with a figure of 3.6 billion euros, the construction company achieved its highest ever construction output value last year, generating an operating profit of 47.9 million euros. ALPINE’s future-oriented refocus involves concentrating on the domestic markets, promoting the energy segment, boosting profitability, and reinforcing clear and efficient structures within the group.

Key facts about the corporate bond

• Issue volume: EUR 100,000,000
• Term: 5 year final maturity
• Denomination: EUR 1,000
• Interest rate: 6.00 % p.a. fixed; paid out retroactively each year
• Redemption: 100% of the nominal value at maturity
• Subscription period: 11 – 18 May 2012 (subject to earlier closure)
• Issue price: 101.30% (includes sales commission at 1.5 % of the nominal value)*
• Paying agent: BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG
• Value date: 22 May 2012
• Joint Lead Manager: BAWAG P.S.K. Bank für Arbeit und Wirtschaft and Österreichische Postsparkasse AG and Raiffeisen Bank International AG
• German arranger: Baader Bank AG

* For the fee structure, please see the corresponding details in the capital market prospectus

ALPINE – an Austrian success story
The Austrian construction company ALPINE, which is part of the FCC Group, constructs roads, motorways, power stations, stadiums, railways, subways, bridges, and residential, commercial and industrial buildings around the world. Together with its subsidiary ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. ALPINE employs more than 15,000 people. In 2011, it was able to increase its construction output value to more than 3.6 billion euros, almost half of which was generated in the Austrian domestic market.

The globally active, Madrid-based conglomerate FCC is engaged in the public services. infrastructure, environmental service and renewable energy sectors. With more than 90,000 employees, FCC is present in over 50 countries and turned over around 12 billion euros last year. 

ALPINE issues a bond for 100 million euros on Austrian and German capital market

“We are delighted with the accolades for the National Stadium Warsaw, which is not only a new landmark in Poland’s capital, but also another wonderful advertisement for Alpine’s successful stadium construction division,” says Karsten Hell, CEO of ALPINE Bau Deutschland AG. 

The National Stadium was designed and planned by the architectural consortium of JSK Architekci Sp. z o.o., gmp International GmbH and Schlaich Bergermann und Partner GmbH. ALPINE built the 58,000-seat stadium in collaboration with two Polish partners. For EURO 2012, ALPINE has also built the PGE Arena in Gdansk and modernised the City Stadium in Poznań. 

The Central & Eastern European Real Estate Quality Award (CEEQA) is an industrial prize, which is awarded annually for outstanding achievements in the Central and Eastern European commercial property sector. It honours projects in the 18 countries making up the CEE and SEE markets. 

ALPINE – an international success story
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. ALPINE has over 15,000 employees. The revenue from construction services increased to over 3.6 billion euros in 2011, of which approximately half is generated in Austria’s domestic market.

The FCC group with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries, generating sales of approx. 12 billion euros last year.

Warsaw National Stadium crowned “Building of the Year”

DI Johannes Dotter became the new CEO of ALPINE Holding GmbH at the beginning of the year and has presented his plan of action for ALPINE’s revitalization. 

New plan of action builds on a strong foundation
ALPINE successfully mastered the crisis and continued to grow. It was possible to boost the revenue from construction services by 80 % from 2 billion to 3.6 billion euros since 2005, the year before FCC became ALPINE’s majority shareholder. The number of employees increased by 42 %, from 10,750 in 2005 to 15,300. This strong growth combined with recessionary markets had an impact on the result. “This development is a clear indication that we must increase profitability throughout the company,” said Johannes Dotter. 

“FCC, our parent company, always supported us in these investments.  FCC never took a cent out of the profits since it joined forces with ALPINE in 2006, but left them in the ALPINE company for wise investments – a clear indication that ALPINE will continue to develop as an Austrian company. This underlines that the owner is interested in the company’s sustained future development and not in a short-term maximization of profits.” 

Margin has priority over sales
The last 25 years at ALPINE were marked by growth, corporate acquisition and market expansion. The company’s business policies were extremely successful – there would not be an ALPINE success story without its bold expansion. “I have set myself the goal of transforming the company’s successful expansion into a stable, sustained, performance-oriented corporate success. ALPINE has enormous potential. A clear, leaner organization and efficient corporate structure will allow us to concentrate on our core competencies – construction and energy. All of our activities are governed by the principle:  margin has priority over sales,” said Johannes Dotter. 

Energy as an opportunity for the future: “ALPINE delivers sunshine to your socket”
Johannes Dotter: “The generation, supply and transition of energy are the central political and economic topics of our time. Tremendous investments will be made in this sector. We are the ideal implementers and find the topic of energy a great opportunity for the future. ALPINE is one of the few companies in Europe that consolidates know-how and expertise in the construction and energy sectors. ALPINE builds hydraulic power plants, solar parks and wind turbines. ALPINE expands the energy networks required to transport energy. ALPINE delivers sunshine to your socket.”

Focus on core markets
We will focus on ALPINE’s successful domestic markets in the future. Austria, where ALPINE generates nearly half of its sales, will continue to be our primary market. Germany, the Czech Republic and Slovakia are also domestic markets for ALPINE. 

Selective export: offering excellent know-how for large-scale projects worldwide
ALPINE executes export projects around the world: the European Championship stadiums in Poland, the subway in Singapore, the hydraulic power plant in Bulgaria and the Baku Crystal Hall for the Eurovision Song Contest in Azerbaijan. We will continue to offer our competence and expertise for large-scale projects around the globe – if profitability and risk assessment permit.

Critical market analysis in Southeast Europe
We subject the challenging Southeast European markets a critical analysis, taking a realistic  view and a consistent approach. The small number of projects currently pending in Greece and Albania are nearing completion. However, realistic prospects for a sustainable, stable cultivation of these markets are not forthcoming in these countries. 

Central and Eastern Europe
The expansion of the Trans-European traffic networks creates infrastructure projects carried out with European co-financing.  ”We see potential in the capitalization of the funds provided by the EU and in promising new negotiations for subsidies for Eastern Europe. In times of economic stagnation and an impending unemployment crisis, a new growth package in the employment-relevant construction sector would be extremely expedient and welcome,” said Dotter, addressing potential for action by European national governments apart from debit brakes and spending cuts. 

Shaping the future with a leaner, more efficient organization
“We will implement our program for the future with a clear corporate structure and efficient processes,” said Dotter. “Our three key subsidiaries, ALPINE Construction Austria, ALPINE Construction Germany and ALPINE-ENERGIE are operating under the umbrella of the operatively strategic ALPINE Holding.” 

ALPINE – an Austrian success story
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. ALPINE has over 15,000 employees. The revenue from construction services increased to over 3.6 billion euros in 2011, of which approximately half is generated in Austria’s domestic market.

The FCC group with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries, generating sales of approx. 12 billion euros last year.

CEO Johannes Dotter launches ALPINE’s program for the future

Stability characterized the operational course of business in the major core markets, Austria and Germany. 65 per cent of the revenue from construction services is generated in the domestic market (Austria) and in Germany. Regional market developments were differentiated: the highest growth was achieved in Germany and northeastern Europe whereas the Balkan region posed a big economic challenge, stunting the operating profit through non-recurring effects. The earnings before tax (EBT) amounted to EUR 14,2 million (2010: EUR 23.7 million). Due to the higher revenue from construction services, the net debt level of EUR 276.5 million remained satisfactory (2010: EUR 246.8 million).

Another important decision for ALPINE’s sustained success was reached in 2011. The 90-million-euro corporate bond issued in June met with great interest on the part of private investors and significantly strengthened the company’s financing base.

The development of the company’s subsidiary, ALPINE-ENERGIE, was exceptionally positive. The subsidiary is an important strategic and economic pillar of the ALPINE Company. The communications and energy business sector increased by 18 per cent, recording the biggest growth rate in the ALPINE Group. The revenue from structural engineering and the construction of power plants increased by 11 per cent, the revenue from civil engineering by 13 per cent.

ALPINE: an Austrian success story 
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. ALPINE has over 15,000 employees. The revenue from construction services increased to over 3.6 billion euros in 2011, of which approximately half is generated in Austria’s domestic market. 

The FCC conglomerate with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries, generating sales of approx. 12 billion euros last year.

ALPINE holds its steady course in the 2011 business year

The contract comprises the rehabilitation and cleaning of the ballast bed, replacing the existing wooden ties with modern concrete ties and laying new tracks on the 12-kilometer, single-track sections from Tabanovce to Kumanovo in the north and from Miravci to Smokvica in the south of Macedonia. The north-south connection is part of the Pan-European Corridor X, linking Central and Southern Europe over a length of 2,500 kilometers. Corridor X starts in Salzburg and leads through Slovenia, Croatia, Serbia and Macedonia to Thessaloniki, Greece. 

ALPINE’s success around the globe
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world.

Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. ALPINE has over 15,000 employees. Approximately half of the revenue from construction services of approx. 3.5 billion euros per year is generated in Austria’s domestic market.

The FCC conglomerate with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries. Last year its sales were 12 billion euros.

ALPINE to rebuild railroad in Macedonia

The Stuttgart 21 project
The Stuttgart – Ulm railroad project comprises the Stuttgart 21 section and the new Wendlingen – Ulm line. The construction project is the largest enlargement of the public railroad system in Baden-Württemberg since the 19th century. The new Stuttgart–Ulm line will be part of the European high-speed “Magistrale for Europe“ net, linking cities and regions with a total of 34 inhabitants and 16 million employees in five states. Karlsruhe, Stuttgart and Ulm are centrally located along the 1,500 km railroad line connecting the European cities of Paris, Strasbourg, Munich and Vienna with Bratislava and Budapest. As the main east/west axis, the Magistrale will be the backbone of the Trans-European railroad network. The extension of the Magistrale is an important prerequisite for a rapid economic, political and cultural coalescence between Western and Eastern Europe.

16 Tunnel for the Stuttgart-Ulm railroad project
About half of the 117 kilometers of the new railroad line will lead through 16 tunnels. The tunnels are the mainstay of the entire railway project: in the future trains will travel underground in the Stuttgart city center.

ALPINE builds around the world
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. ALPINE has over 15,000 employees. Approximately half of the revenue from construction services of approx. 3.5 billion euros per year is generated in Austria’s domestic market.

The FCC conglomerate with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries. Last year its sales were in excess of 12 billion euros with a profit of over 300 million euros.

ALPINE to build railroad tunnel for Stuttgart 21

ALPINE builds around the world
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. ALPINE has over 15,000 employees. Approximately half of the revenue from construction services of approx. 3.5 billion euros per year is generated in Austria’s domestic market.

The FCC conglomerate with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries. Last year its sales were in excess of 12 billion euros with a profit of over 300 million euros.

ALPINE to build beltway around Brasov, Romania

ALPINE builds around the world
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. ALPINE has over 15,000 employees. Approximately half of the revenue from construction services of approx. 3.5 billion euros per year is generated in Austria’s domestic market.

The FCC conglomerate with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries. Last year its sales were in excess of 12 billion euros with a profit of over 300 million euros.

ALPINE builds railroad in Romania

Lauter Valley Bridge
During the course of widening the A6 autobahn to 6 lanes between the Kaiserslautern-West junction and the Kaiserslautern motorway intersection, the present Lauter Valley Bridge will be completely dismantled and replaced with a new bridge. The existing bridge will be completely deconstructed down to the foundation structures, which will be left in the ground. Two separate structural sections will be built, one for each carriageway. These two 5-span composite steel sections bridge the Lauterbach valley with a length of 275 metres. At its highest point, the bridge passes approximately 25 metres over the valley floor.

ALPINE: an Austrian success story
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. Approximately half of the revenue from construction services of around 3.5 billion euros per year is generated in Austria’s domestic market.

FCC is a global citizen services group which operates in the areas of infrastructure (cement, construction and industrial services), environmental services, water, and renewable energy. It has a presence in more than 50 countries and a staff of over 90.000 people. In the last fiscal year 2010, its revenues exceed 12 billion Euros and a net profit over 300 million Euros.

ALPINE builds bridge for German „Autobahn“

The ALPINE Construction Company and a Polish partner constructed three stadiums for the European Football Championships. Posen Stadium, seating 43,000, was completed in the fall of 2010; the PGE Arena in Danzig, holding 44,000 spectators, hosted its first games in August 2011, and Warsaw National Stadium with a capacity of 58,000, was officially opened yesterday. ALPINE demonstrated its exceptional international competence in the construction of sports facilities once more in preparing for the large-scale UEFA Euro 2012^TM event. 

Facts and figures for the three European Championship stadiums built by ALPINE
Warsaw National Stadium:
58,000 seats
Cost: 1.5 billion zloty 

UEFA Euro 2012 games in Warsaw:
June 8:   Opening game Poland vs. Greece
June 12: Poland vs. Russia
June 16: Greece vs. Poland
June 21: Quarter final
June 28: Semi-final 1.A – 2.B 

PGE Arena Danzig:
44,000 seats
Cost: 530 million zloty

UEFA Euro 2012 games in Danzig:
June 10: Spain vs. Italy
June 14: Spain vs. Ireland
June 18: Croatia vs. Spain
June 22: Quarter final 1.B – 2.A 

Posen City Stadium:
43,000 seats
Cost: 480 million zloty 

UEFA Euro 2012 games in Posen:
June 10: Ireland vs. Croatia
June 14: Italy vs. Croatia
June 22: Italy vs. Ireland 

ALPINE: an Austrian success story
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. Approximately half of the revenue from construction services of approx. 3.5 billion euros per year is generated in Austria’s domestic market. 

ALPINE has won international acclaim with foreign projects: ALPINE is responsible for the construction of three stadiums for the 2012 European Football Championships in Poland as well as subway lines in New Delhi and Singapore, the Bulgarian hydraulic power plant in Tsankov Kamak and hundreds of other construction projects of every type and size. 

The FCC conglomerate with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries. Last year its sales were in excess of 12 billion euros with a profit of over 300 million euros.

70,000 celebrate opening of the new National Stadium in Warsaw
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The spectacular Baku Crystal Hall is being built on National Flag Square and will be a new landmark in Baku’s port. The hall constructed by ALPINE will allow 16,000 spectators to watch the 2012 Song Contest live on each of three days. Another 100 million viewers around the world are expected to watch the event on television to see which performers from among the 43 participating nations win the contest.

ALPINE started building the multipurpose hall last August. ALPINE Bau Deutschland AG, a subsidiary of the Austrian ALPINE Construction Company, is the main contractor responsible for planning and building the Baku Crystal Hall. The hall will have a capacity of up to 25,000 spectators. Currently 500 members of staff are working on Baku’s most famous construction site to ensure the project’s timely completion.

ALPINE: an Austrian success story
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world.

Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. Approximately half of the revenue from construction services of approx. 3.5 billion euros per year is generated in Austria’s domestic market.

ALPINE has won international acclaim with foreign projects: ALPINE is responsible for the construction of three stadiums for the 2012 European Football Championships in Poland as well as subway lines in New Delhi and Singapore, the Bulgarian hydraulic power plant in Tsankov Kamak and hundreds of other construction projects of every type and size.

The FCC conglomerate with its head office in Madrid operates in the public services, environmental services, infrastructure and renewable energies sector on an international scale. FCC has over 90,000 employees in more than 50 countries. Last year its sales were in excess of 12 billion euros with a profit of over 300 million euros.

European Broadcasting Union (EBU): 2012 Eurovision Song Contest will be broadcast from the “Baku Crystal Hall”
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Photo: gmp
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ALPINE: an Austrian success story
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. Approximately half of the revenue from construction services of around 3.5 billion euros per year is generated in Austria’s domestic market.
ALPINE has won international acclaim with foreign projects: ALPINE is responsible for the construction of three stadiums for the 2012 European Football Championships in Poland as well as

subway lines in New Delhi and Singapore, the Bulgarian hydraulic power plant in Tsankov Kamak and hundreds of other construction projects of every type and size.
FCC is a global citizen services group which operates in the areas of infrastructure (cement, construction and industrial services), environmental services, water, and renewable energy. It has a presence in more than 50 countries and a staff of over 90.000 people. In the last fiscal year 2010, its revenues exceed 12 billion Euros and a net profit over 300 million Euros

Dotter-new-CEO-of-ALPINE-group
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Rail transports for environmentally-friendly construction traffic
As a railway company, ALPINE is now permitted to convey material by rail in an environmentally-friendly and cost-effective way, resulting in even more efficient construction site logistics. ALPINE intends to offer third-party freight transports on the free market as well.

ALPINE is successful in railroad construction on an international scale
The ALPINE construction company has successfully executed large-scale railroad construction projects in Austria and abroad. ALPINE is involved in the construction of the central train stations in Vienna and Salzburg as well as the recently completed Unterinntal railway project. ALPINE has earned a reputation abroad for projects such as the Gotthard Base Tunnel in Switzerland, railway projects for Deutsche Bahn and subway projects in India, Singapore and London.

The ALPINE Construction Company is a global player
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. Approximately half of the construction output of over 3 billion euros is generated in Austria’s domestic market.

ALPINE is licensed as a railroad operator

New Kaiser Wilhelm Tunnel meets the latest safety requirements
The new, single-track Kaiser Wilhelm Tunnel is located on the railway line between Koblenz and Perl in Rhineland-Palatinate. The new tunnel meets the latest safety standards. The new tunnel tube will be connected to the old tunnel tube by eight 15-meter accessible cross passages. The project has a contract value of about 80 million euros. A total of 67,000 cubic meters of concrete were used to line the tunnel walls with reinforced concrete tubbing, for the tunnel floor and for the construction of the two tunnel portals and eight cross drifts. The 360,000 cubic meters of excavated material was removed by rail in an environmentally friendly way. The first trains are scheduled to run through the new tunnel at the end of 2012. Afterwards the old Kaiser Wilhelm Tunnel will be rehabilitated. 

The ALPINE Construction Company is a global player
The Austrian ALPINE Construction Company has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. Approximately half of the construction output of over 3 billion euros is generated in the core markets, Austria, Germany and Switzerland. ALPINE has won international acclaim with foreign projects: ALPINE is responsible for the construction of three stadiums for the 2012 European Football Championships in Poland as well as subway lines in New Delhi and Singapore, the Bulgarian hydraulic power plant in Tsankov Kamak and hundreds of other construction projects of every type and size.

„New Kaiser Wilhelm Tunnel“ broken through in the city of Cochem on the Moselle
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The Austrian ALPINE Construction Company is a global player
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. Approximately half of the construction output of over 3 billion euros is generated in Austria’s domestic market. ALPINE has won international acclaim with foreign projects: ALPINE is responsible for the construction of three stadiums for the 2012 European Football Championships in Poland as well as subway lines in New Delhi and Singapore, the Bulgarian hydraulic power plant in Tsankov Kamak and hundreds of other construction projects of every type and size.

ALPINE to build Estonian Embassy in Peking
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“You have to endure a harsh climate to be successful”
With over 15,000 employees in more than 30 countries, the ALPINE Group has held its course despite the harsh climate. This guiding principle was communicated by means of text, graphics and powerful photos in ALPINE’s winning 2010 annual report “You have to endure a harsh climate to be successful.” The winning photo series was shot by Andreas Hofer. 

The Austrian ALPINE Construction Company is a global player
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. Approximately half of the construction output of over 3 billion euros is generated in Austria’s domestic market. ALPINE has won international acclaim with foreign projects: ALPINE is responsible for the construction of three stadiums for the 2012 European Football Championships in Poland as well as subway lines in New Delhi and Singapore, the Bulgarian hydraulic power plant in Tsankov Kamak and hundreds of other construction projects of every type and size.

Shower of gold in New York for ALPINE’s annual report
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ALPINE has built gigantic pumping stations for the water transfer project since 1997
ALPINE already provided services for the Chinese “Yellow River Diversion Project” at the end of the 1990s. The water from the Yellow River must be pumped 364 meters over the river’s water level before it can flow a distance of 167 kilometers to the dry regions of the Chinese Shanxi Province. ALPINE built two pumping stations for this purpose between 1997 and 2001 having a length of 165 meters, a width of 18 meters and a height of 39 meters. 

The Austrian ALPINE construction company is a global player
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. Approximately half of the construction output of over 3 billion euros is generated in Austria’s domestic market. ALPINE has won international acclaim with foreign projects: ALPINE is responsible for the construction of three stadiums for the 2012 European Football Championships in Poland as well as subway lines in New Delhi and Singapore, the Bulgarian hydraulic power plant in Tsankov Kamak and hundreds of other construction projects of every type and size.

ALPINE drills 25-kilometer waterline with a diameter of 4.2 meters through a mountain in China

ALPINE is training 200 apprentices across Austria
“ALPINE is training a total of 200 apprentices in Austria. Our employees are our biggest asset. Motivated and well-trained employees are a strong foundation for our company’s success,” said Werner Watznauer, Managing Director at ALPINE Holding GmbH.

The Austrian ALPINE Construction Company is a global player
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. Approximately half of the construction output of over 3 billion euros is generated in Austria’s domestic market. ALPINE has won international acclaim with foreign projects: ALPINE is responsible for the construction of three stadiums for the 2012 European Football Championships in Poland as well as subway lines in New Delhi and Singapore, the Bulgarian hydraulic power plant in Tsankov Kamak and hundreds of other construction projects of every type and size.

Austria’s best bricklayer works for ALPINE
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Photo credit: h.c.sahling

The Austrian ALPINE Construction Company is a global player
The Austrian ALPINE Construction Company is a member of the FCC Group and has built roads, motorways, power plants, stadiums, railways and subways, bridges, residential, commercial and industrial buildings around the world. Together with its subsidiary, ALPINE-ENERGIE, it promotes the construction and development of sustainable, alternative energies and energy networks. Approximately half of the construction output of over 3 billion euros is generated in Austria’s domestic market. ALPINE has won international acclaim with foreign projects: ALPINE is responsible for the construction of three stadiums for the 2012 European Football Championships in Poland as well as subway lines in New Delhi and Singapore, the Bulgarian hydraulic power plant in Tsankov Kamak and hundreds of other construction projects of every type and size.

New company spokesman for ALPINE Construction
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For the ALPINE group Poland is a very interesting and attractive market. Apart from the large-scale projects such as the construction of stadiums and the ongoing infrastructure projects, with this contract ALPINE will enlarge its presence in Poland and can even underline its high competence. 

The Hotel
The five-star-hotel will have a floor space of 16.756m2, with 225 rooms on eight floors. Restaurants, conference rooms, swimming pool, fitness and wellness area as an underground garage are planed. The design comes from the architect JEMS ARCHITEKCI Sp.z.o.o. The ground plan represents a rectangle where the entrance and conference area will be situated. 

ALPINE competence in hotel construction
ALPINE has a great competence in hotel construction especially via the ALPINE Bau Deutschland AG, a subsidiary of the ALPINE group. They built or have under construction among others like the Empire Riverside in Hamburg, the deluxe Hotel Villa Kennedy in Frankfurt or the five star hotel in the „Zoofenster Berlin“. In Vienna/Austria there have been finished a hotel construction in the area of „Viertel Zwei“.

ALPINE signed contract for Hotel in Warsaw

Road construction project
The rehabilitation project in Bulgaria is comprehensive: in addition to reinforcing the existing pavement, the project will include the installation of new road drainage and the rehabilitation of 20 bridges. The project also includes the reconstruction of power lines, the installation of data cables, mounting traffic signs and the highway marking. 

On course for success in Bulgaria
ALPINE Bau GmbH opened a branch in Bulgaria in 2004. ALPINE is currently building the Tsankov Kamak Hydraulic Power Plant in southern Bulgaria for approx. 300 million euros. The Salzburg-based construction company is also successful in the field of environmental technology in Bulgaria, currently building three turnkey sewage treatment plants in Sevlievo, Popovo and Burgas Meden Rudnik. In 2008 ALPINE was honored for its infrastructure construction projects in Bulgaria. ALPINE’s Bulgarian branch received an award in the infrastructure category in a competition sponsored by the Bulgarian “Pari” newspaper.  

ALPINE: Groundbreaking ceremony for road construction project in Bulgaria
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Photo:
FLTR: Valeri Smilenov (Regional Manager Blagoevgrad); Roman Esterbauer (Managing Director, ALPINE Bau GmbH); Lyuben Tatarski (Chairman of the Commission for Regional Development); Rosen Plevneliev (Minister for Regional Development and Structural Design); Boyko Borisov (Bulgarian Prime Minister) 

Copyright:
ALPINE BAU GMBH – BRANCH BULGARIA
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Gaining the contract for the construction of the “Baku Crystal Hall” underscores ALPINE’s skills in the construction of stadiums and events venues and demonstrates the trust that Azerbaijan’s State Committee on Property Issues has in the ALPINE construction group. Building operations on the site at National Flag Square have already begun. The arena will hold around 25,000 spectators. 

ALPINE Stadiums
Concerning the construction of modern sports venues, ALPINE has extensive experience which the company with operations worldwide has proved on a number of occasions. These include three football stadiums for EURO 2012^TM in Poland, the Allianz Arena in Munich, the extension or reconstruction of three stadiums for EURO 2008 in Austria or the International Cricket Stadium in Dubai.

ALPINE to build sport and concert complex in Baku, Azerbaijan

The net result for the period was not yet able to follow this positive development and amounts to EUR -3.1 million (EUR 0 in 2010). The margin pressure continues to be high and the efficiency programs introduced in 2010 have not unfolded their full potential yet. The free liquidity, however, stands at EUR 457 million, an impressive increase of approx. 35 % (EUR 337 million in 2010). At EUR 3.3 billion the volume of orders remains at a very comfortable level. The number of employees has remained stable at approx. 15,100.  

Forecast
Thanks to its geographical diversification and wide range of services, the ALPINE Construction Company is well-positioned. Together with ALPINE Energie, the company has a promising mainstay in the growing renewable energy sector and network and communication technology. The ALPINE Construction Company expects a stable result with a slight increase in construction output for the year 2011.

ALPINE confirms positive trend and expects to keep group earnings on an even keel in 2011

For Franz Hiesl (Upper Austria’s Vice Governor) and Dr. Gerhard Kurzmann (the Styrian State Transport Minister) the completion of the Bosruck Tunnel is a further application of consistent road construction policies. The second tube also serves to improve tunnel safety. 

Despite the difficult geological conditions, an optimized course of action allowed the planned construction period to be reduced by 2.5 months. “The construction of the western tube presented a special challenge to the tunnel engineers. Difficult geological conditions exacerbated the tunnel drive. The close collaboration between the client and contractor was instrumental to the success of this tunnel construction project,” said Roman Esterbauer, responsible managing director at ALPINE Bau GmbH, and Franz Pacher, managing director at ALPINE Bemo Tunnelling, the joint venture partners. 

The Bosruck Tunnel, presently a bottleneck on the A9 Pyhrn Motorway, one of the major transit routes to southeastern Europe, will be expanded with the construction of the second western tube with a total length of 5.5 km. The contract was awarded by ASFINAG as part of its tunnel safety program. Upon completion and commissioning in 2013 this stretch of highway will meet the two-lane safety standard required by the EU and will be a significant step towards the complete expansion of the A9 Pyhrn Motorway. The tunnel will be constructed by excavator and blast drive. 

Construction began in January 2010. The net contract value is 130 million euros. The twin-tube tunnel will be in full operation in 2015 after rehabilitation of the existing tube. Construction of the second Bosruck Tunnel tube will provide a two-lane connection between the states of Styria and Upper Austria. The 5.5-kilometer roadway (including galleries) will have a width of approx. 7.5 meters, and will be located to the west of the existing eastern tube. The tunnel will have 5 emergency bays and 11 cross-drifts, of which 6 will be walk-through, to ensure that it meets the strictest safety requirements. 

ALPINE’s competence in tunnel construction
Its extensive competence in tunnel construction not only allows ALPINE and its fully-owned subsidiary, ALPINE BeMo Tunnelling GmbH, to successfully conclude projects for the construction of railroad and highway tunnels as well as water and energy management systems in Austria but around the globe.

On an international scale, ALPINE is involved, e.g. in the construction of the Gotthard Base Tunnel in Switzerland, the new subway network in New Dehli/India and the intake tunnel for India’s Tapovan Power Plant. Further tunnel construction projects for power plants are located in Bulgaria and Turkey. ALPINE is currently expanding the subway network in Singapore and, upon completion of the Yellow River Diversion Project, is building an underground water supply tunnel in China. Furthermore the company is building the Crossrail Tunnel in London as part of an international consortium. Further tunnel construction projects for power plants are located in Bulgaria and Turkey. ALPINE is expanding the metro network in Singapore and has gained a foothold in tunnel construction in China by building a water supply tunnel. Consulting for tunnel construction projects is being provided in the USA, Russia, Kazakhstan and Great Britain, offering know-how and planning expertise.

ALPINE: Bosruck Tunnel cut through
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Photo: View in the tunnel

Copyright:
ALPINE Bau GmbH
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The PGE ARENA Gdansk:  brilliant amber
Danzig is known for its amber, the “Gold of the Baltic Sea“ and its harbors. The stadium designed by RKW Rhode Kellermann Wawrowsky Architektur + Städtebau combines the symbolic value of both elements.

The green seats in the stadium reflect Danzig’s bond with the Polish football club,  Lechia Gdansk. The stadium is built in 34-hectares of ground, is 236 meters long, 203 meters wide and has 40 exclusive VIP lounges spread across over 2,000 m^². The complex also has a number of restaurants, bars and shops as well as parking space for 95 buses and 2,170 cars. Venue security is addressed by video cameras inside and outside of the stadium, electronic ticket access and autonomous power supply system. The arena’s multifunctional design makes it ideal for all kinds of events. 

Other ALPINE stadiums
ALPINE handed over the enlarged and modernized stadium in Posen/Poland in the fall of 2010. The stadium in Krakow/Poland, MKS Cracovia, has already been completed and handed over. It recently won Poland’s  “2010 Building of the Year” award in the sports facility category. Warsaw’s National Stadium is also being built by ALPINE.

ALPINE successful in Poland
The work in progress underlines ALPINE’s position on the Polish market.  The projects include public infrastructure projects and private investments of national significance such as the construction of the University of Danzig’s Department of Chemistry.  ALPINE currently employs over 3000 members of staff in Poland and has become an important local employer.

Photo captions:
PGE ARENA Gdansk (interior view)
The roof elements are reminiscent of the harbor cranes in the nearby shipyard. The outer structure is supported by 82 arched steel girders. Due to the sizeable weight of 66 tons each, they present a real engineering challenge.

ALPINE hands over European Cup stadium in Danzig/Poland 
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PGE ARENA Gdansk (exterior view)
The façade is clad with polycarbonate panels in various shades of brown, reminiscent of amber.

Copyright: ALPINE Bau Deutschland AG, free of charge

“We are very happy about this award, which underlines the great commitment of our employees and the expertise of the company”, explains Karsten Hell, Chairman of the Board of ALPINE Bau Deutschland AG. 

Since 1989, the Polish Association of Construction Engineers in cooperation with the Ministry of Construction and the Building Supervisory Authority has been organising the award of the popular prize. The renowned competition is very prestigious in the Polish construction industry. In 2009 already, the ALPINE construction site for the renovation of the historically significant Hala Ludowa hall – the “Hall of the Century” in Breslau – received the title “Construction Site of the Year 2009”.

The stadium
At the site of the original sports facility, which had been built in 1912, a modern, functional stadium with a capacity of around 15,000 spectators was built. In the new arena, not only the premier league team MKS Cracovia is playing. On the western stand, the stadium has a stage for major events, which can be disassembled. In June 2009, the starting signal for the work for renewal of the old stadium was given. ALPINE completed the project in close cooperation with the Polish partner KPBP Budus S.A. on schedule within a construction period of only 15 months.

ALPINE successful in Poland
Beside the stadium MKS Cracovia, ALPINE also received the order for the construction of three stadiums for the European Football Championship EURO 2012^TM. Further current projects underpin the presence of ALPINE on the Polish market. These include public as well as private investments of national significance, as for example the new construction of the Department of Chemistry of Gdansk University. The ALPINE Group currently has more than 3000 employees in Poland, and thus is an important local employer.

ALPINE receives award in Poland
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Photo: Winners cup

Copyright:
ALPINE Construction Polska Sp. z o.o.
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Six teams competed in the team competition for the best young formwork builders from Vienna, Lower Austria and Upper Austria. The ALPINE Bau team and its apprentices, Sebastian Berger and Andreas Wolfthaler, Upper Austria Branch, Steyr Office, fought for victory and won first place. 

Both the quality of the workpieces and performance in the theoretical examinations demonstrated the apprentices’ professional skills and the high training standards in Austria. Apprentices in their final year before entering a career as “Bricklayers” and “Formwork Builders” from the states of Vienna, Burgenland, Upper Austria, Lower Austria and Salzburg attended the annual competition. 

The competition was streamed live via the Internet to draw more attention to the event. Viewers were able to watch the contestants as they worked. Striking and especially gratifying: the enthusiasm shown by the young bricklayers and young formwork builders as they tackled their tasks underlines the attractiveness of these future careers. 

The state guild master, DI Dr. Rainer Pawlick, and Mag. Michael Pichler (Professional Association for the Construction Industry) carried out the victory ceremony before a professional audience. Bmst. Isabella Leeb and Christoph Peschek, member of the State Parliament, attended as political representatives.

ALPINE encourages apprentices
At ALPINE an apprenticeship is a foundation for life. The Austrian construction company trains approx. 200 apprentices each year. Great importance is attached to an outstanding interaction between parents, apprentices, the school and the instructors. Apprentices passing the apprenticeship examinations with a grade of “outstanding” win a one-hundred-euro bonus.

ALPINE’s young apprentice bricklayers and young formwork builders win competition
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Photo 1: Prize-giving with Alexander Aichinger
Photo 2: Group picture
Photo 3: Winner formwork builders

Copyright: Bauakademie Guntramsdorf
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The construction project will be executed by ALPINE, VAMED and the Lower Austrian Hypo-Leasing company under a full service general contractor agreement. Whereas Hypo Leasing will be in charge of the leasing financing only, the other services will be divided up between VAMED and ALPINE as a performance joint venture. “This contract will let ALPINE demonstrate its competitive position. We were very successful in meeting the challenge posed by taking the building’s historic core into account,“ said a pleased Karl Gruber, Managing Director of ALPINE Bau GmbH. It was also important to create a high added value for the region. Nearly 50 local companies will profit from the construction measures.
The design engineering was provided by the joint venture between the Moser and Arch. Maurer Architects. The groundbreaking ceremony kicked off the start of construction. The rehabilitation work and new building are expected to be completed in 2017.

The “Weinviertel” State Clinical Center
The historic core of the Weinviertel State Clinical Center will be rehabilitated in the course of the project. A new building with a useful area of 13,000 m2 will feature a parent/children center, internal wards and a multipurpose room, providing a state-of-the-art medical facility. “The fact that we will provide the rehabilitation and construction work without disrupting hospital operations will be a special challenge. Special steps will have to be taken in order to keep hospital operations running smoothly,“ declared DI Arch. Anton Mayr, ALPINE’s Project Manager.

ALPINE: Groundbreaking at the State Clinical Center in Mistelbach
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Photo (left to right):
Adm. Dir. Clinical Center Josef Kober; VAMED-GF Ing. Walter Troger; DI Jürgen Tiefenbacher (Regionalmanager NÖ Landeskliniken-Holding); LH-Stv. Mag. Wolfgang Sobotka; Dipl.KHBW Helmut Krenn (NÖ Landeskliniken-Holding); Ärztl. Dir. Prim. Univ.Doz. Dr. Otto Traindl; ALPINE Geschäftsführer Ing. Karl Gruber

Copyright: VAMED AG/P.R.

For ALPINE the second successful bond placement not only demonstrates the confidence investors placed in the traditional Austrian company by investors but also the importance of the capital market for corporate financing.

The proceeds from the issue will be used to further the company’s continued organic growth and to secure its long-term financing structure.

ALPINE: successful bond placement

“We want to use the issue proceeds to support the further organic growth of the company and further expand the long-term financing structure,” explains Dietmar Aluta-Oltyan, President of the Supervisory Board of ALPINE Holding and co-owner of the company. “As this is the second bond issued by this traditional, well-positioned company, this underlines the huge significance of the Austrian bond market within corporate financing,” says Helmut Bernkopf, board member of the UniCredit Bank Austria, who is very confident that this issue will receive great interest from investors. “The Austrian economy now needs investment. This bond will promote growth in the country whilst simultaneously offering investors an extremely interesting investment opportunity in a traditional Austrian company”, says Franz Hochstrasser, Deputy CEO of the Erste Group.

ALPINE Holding GmbH/ALPINE Bau GmbH
ALPINE Holding GmbH is 83% owned by the public-traded Spanish FCC Group S.A. (Fomento de Construcciones Y Contratas, S.A.) whilst the remaining 17% ownership is held by Dietmar Aluta-Oltyan (Ing.), who has developed the ALPINE Group since 1968.

In 2010, the Group achieved a construction output of approx. EUR 3.2 billion (EUR 3.4 billion in 2009) with approx. 15,100 (15,234 in 2009) employees. By the end of 2010, ALPINE had a back lock order balance of approx. EUR 3.3 billion, which corresponds to more than the entire annual construction output in 2010 and therefore represents a good starting point for the new financial year. Thanks to its geographical diversification and wide range of services, ALPINE is well-positioned within the market. Furthermore, with the subsidiary company ALPINE Energie, the Group also has a firm foothold in the increasingly important sectors of renewable energy as well as network and communication technology.

Corporate bond facts

• Issue volume: EUR 75,000,000, with possibility of an increase in volumel (shall be determined and announced immediately prior of the subscription period)
• Maturity: 5-year final maturity
• Division into shares: EUR 1000.–
• Interest rate: 5.25% p.a. fixed (indicative, shall be determined and announced immediately prior of the subscription period)
• Repayment: 100% of the nominal value at the end of the maturity period
• Subscription period: 6 to 8 June 2011 (subject to premature closure)
• Joint-Lead Managers: Erste Group Bank AG and UniCredit Bank Austria AG
• Value date: 10 June 2011

Further information: www.alpine.at

ALPINE issues corporate bond (PDF)

The pipeline
The GAZELLE pipeline is a new transport line for Russian gas designed to ensure the reliability of gas supplies to the European Union. The GAZELLE pipeline will be part of the so-called “northern transport route” carrying natural gas from the previously untapped source in the province of Tyumen Oblast to Europe. This contract will expand the North Stream and OPAL pipelines conveying gas from Russia through the Baltic Sea to Germany and then on to the Czech border.

>> ALPINE lands GAZELLE pipeline project (PDF)

Arad – Nadlac motorway section
Lot 2 of the Arad Nadlac motorway section is located in western Romania and starts north of Pecica. The two-lane motorway to be built by APINE will have a length of 16.6 km and is one of three sections with a total length of 220 kilometers. The other sections from Orastie to Sibiu (approx. 88 km) and from Lugoj to Deva (approx. 99 km) will be built at the same time. The project includes several bridges and overpasses as well as two parking lots and a highway maintenance depot. 

On the road to success in Romania
ALPINE has already completed a number of successful projects in Romania over the past few years. The construction of three landfills in the Romanian county of Suceava for 22 million euros, the construction of Petrom City, the new headquarters of the Romanian oil company, Petrom S.A., the largest gas and oil producer in southeast Europe, and the Centura beltway in Bucharest are some of its prestigious projects. ALPINE currently employs a staff of approx. 400 in Romania.

ALPINE to build motorway section in Romania (PDF)

Despite the initial situation, the ALPINE construction group was able to hold its own in 2010 with a construction output of 3.2 billion euros, barely 5 % under the previous year figure. A strategic adjustment of activities in business segments and markets due to the general economic development was responsible for the slight decline. The result of ordinary business operations increased by 5 % to 23.7 million euros (2009: 22.6 million euros) despite the slight decline in construction output. The net profit also improved by 5 % to 17.2 million euros (2009: 16.4 million euros). This made it possible to stabilize profit & loss performance as planned. The number of staff members remained stable at 15,100. With 3,3 billion euros, the order bag log reached a high level at the end of 2010, a good initial position for 2011.

“The wide range of offers and our outstanding geographic presence proved to be conducive to the respectable results during a very difficult year,” said Dietmar Aluta-Oltyan, President of the Supervisory Board and co-owner of the construction company. This development was especially favorable at ALPINE Germany, improving its construction output by 5 % (2010: 695 million euros). This also corresponds to an increase from 20 to 22 % in the share of the consolidated construction output. Incoming orders rose significantly by 50 % to approx. 840 million euros.

ALPINE Energie, one of the group’s companies focusing on future technologies, was able to further enhance its leading position in renewable energy and telecommunications. Its 27 % increase in construction output (2010: 381 million euros) made a considerable contribution to the Group’s operating result. The order bag log reflects a 44 % increase.

Development in the foreign markets varied considerably. Whereas the construction situation in Poland developed very favorably, the Balkan States were unable to recover. Positive results are, however, expected in these countries in the next few years.

Corporate action
One of the highlights during the 2010 business year was the first emission of an ALPINE corporate bond in the amount of 100 million euros in June. The extremely successful subscription of the five-year retail bond reflects the high level of trust held by the investors and is another major building block in a financing structure based on guaranteed liquidity. At 252 million euros the net debt continues to stay at a pleasantly low level.

ALPINE successful in 2010 despite difficult framework (PDF)

ALPINE wins in the National Projects category

ALPINE Vienna “Steg-Ast” project won the 2011 SOLID Bautech Prize in the National Projects category.

“This project was especially challenging due to the difficulty in using a certain white cement,“ explained Karl Gruber, Member of the Management at ALPINE GmbH, elated with the achievement together with his team.

The 38-meter footbridge in Astgasse was commissioned by the City Council’s Department 29. It connects Vienna’s 13^th and 14^th district across the Vienna River, providing a safe crossing for pedestrians and bicyclists.

The award is further proof of ALPINE’s creativity in construction.

ALPINE wins 2011 SOLID Bautech Prize
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Photo: FLTR: Andreas Stukits, Marztin Ofenböck, Karin Keglevich, Karl Gruber, Martin Pfister

Copyright: SOLID

The festivities for the handing over ceremony were especially attractive for the children. The caterer, Niki Neunteufel, and physician, Dr. Andreas Löschnak, also sponsors of the Children’s Villages, brought two TV personalities along, Andreas Wojta and Alexander Fankhauser, better known as cooks Andi&Alex, to cook with the children. Christine Tschürtz-Kny, the director of the Licht ins Dunkel telethon, was also present and delighted to see the children enjoying themselves.

“We at ALPINE see social commitment as an integral part of our corporate philosophy. That is why we usually support projects over a longer period of time to provide help where it is needed,” Aluta-Oltyan said during his visit. “It is especially important to give children with traumatic experiences the best possible care but this is very cost-intensive. We are very happy to receive another donation from ALPINE to be able to carry on with our work,“ added Lechner.

ALPINE: Donation for Pöttsching Children’s Village in Burgenland (PDF)
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Photo: Samara, Chiara and Enes (children 1^st row FLTR); Niki Neunteufel, Mag. Tanja Lechner (Director, Austrian Children’s Villages), Dr. Alexander Löschnak, Dietmar Aluta-Oltyan, Christine Tschürtz (Licht ins Dunkel), Andreas Wojta, Alexander Fankhauser (Andi&Alex).

Copyright: ALPINE Bau GmbH
Photos may be printed free of charge.

“This project will allow ALPINE to demonstrate its competence in the property development sector. The residential units will not only be attractive but also environmentally friendly,“ said Karl Gruber. According to Mayor Dobusch,  ”Such projects are extremely important, especially in times like these. The new owners can look forward to receiving a lowest-energy house from a highly competent supplier.“ State Minister Dr. Haimbuchner added, “The state is happy to subsidize this developer project as an ideal housing project for the residents of Linz.”

Living on the Lake

The subsidized housing units will range in size between 110 and 125 square meters and will come complete with cellars and garages. Terraces and yards add to the attractive ambiance. To take environmental concerns into account, the entire development will be built according to lowest-energy principles to guarantee low heating costs. The nearby Pichlinger See is a popular local recreation area; the excellent infrastructure featuring a kindergarten, school, etc. as well as the attractive public transport system add to the appeal of the residential complex.

The Upper Austrian branch

The Upper Austrian branch has 1,000 employees and is one of ALPINE’s largest branches. In addition to the head office in Linz, branches are also located in Steyr, Taufkirchen and Amstetten. The branch operates as a construction contractor as well as a project coordination consultant, successfully combining international experience with regional roots.

ALPINE’s Upper Austrian branch also demonstrates a high degree of competence and diversity as a property developer. House-hunters will find more information on ALPINE projects at www.alpine-meinhaus.at.

Groundbreaking for “Living on the Lake” (PDF)
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Photo: Virtual model of 35 duplex and one-family homes named “Living on the Lake”

Copyright: ALPINE Bau Upper Austria
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Implementation
The project is being developed by architect Piotr Rudol / Biprowumet Architects, Krakow based on a concept by architect Jerzy Boruta. Architect Boruta will also supervise the construction on behalf of the Jagiellonian University.

The building
Krakow’s Jagiellonian University is Poland’s second largest university and has approx. 40,000 registered students. The building will be located on the “Campus of the 600th Anniversary of the Jagiellonian University Revival” with completion scheduled in 2014. The building will be built on an area of 5,183 m² and have a cubage of over 50,000 m³.

ALPINE strong in Poland
ALPINE is currently building the National Stadium in Warsaw, Poland for the EURO 2012, boasting 55,000 spectator seats, as well as the PGE Arena in Danzig for approx. 44,000 spectators. ALPINE won the contract to build the University of Danzig’s Department of Chemistry in July 2010 and recently landed the contract for the construction of a recreation, swimming and spa complex.
The stadiums in Posen and Krakow were already completed in the fall of 2010.

ALPINE to build a research center for the University of Krakow (PDF)
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Photo: Virtual model of the research center for the University of Krakow

Copyright: ALPINE Construction Polska sp.zo.o.
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The St. Gotthard Tunnel
The St. Gotthard Tunnel is the heart of the Alp Transit project on the Gotthard axis. It consists of two single-track tubes with a length of 57 km each. The contract to build the longest tunnel in the world was awarded to AlpTransit Gotthard AG, a wholly-owned subsidiary of the Swiss Federal Railway, in 2001. The tunnel is divided into five sections. Consorzio TAT, in which ALPINE Bau GmbH holds a 25 % share, is building the Bodio (15 km) and Faido (14 km) sections having a contract value of SFR 1.48 billion.

ALPINE: second tube of the St. Gotthard Tunnel successfully driven through (PDF)

The stadium will be completed by mid- 2012 and will cost a total of 26 million euros. It will be adapted to the needs of the disabled and family friendly. The arena will have a round wooden roof structure, designed to accommodate, for example, a family stand with children’s club, VIP boxes and business club for 800 people. The choice of location takes advantage of infrastructural synergies, such as the use of the existing parking spaces and a new access road.

Ground-breaking ceremony for new football arena in St. Pölten with ALPINE (PDF)

According to Karl Gruber, member of the Management Board at ALPINE Bau GmbH, the advantages of taking leave for the further education program are obvious: “The program provides a valuable education and enhances the employee’s qualifications. The program is structured as a system of intensive staggered courses. The employees return to their jobs at the end of the program and qualify to be upgraded.“ The seminars taken by ALPINE’s seven foremen during their further education leave are very diversified and included labor law, EDP for foremen, quality management for core processes, etc. The further education program that started in Upper Austria on January 10 will end on March 31, 2011.

ALPINE utilizes further education subsidy in Upper Austria (PDF)
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Photo:
1st row f.l.t.r.: Business administration manager Upper Austria Michael Frenes, branch manager Upper Austria Josef Mayrhofer, State Minister of Economic Affairs Viktor Sigl, stuff member Siegfried Kainrath, stuff develpement Anita Freund, director Karl Gruber
2nd row f.l.t.r.: Staff member Johann Kagerer & Anton Hopf
3rd row l.n.r.: Staff member Erich Helmreich, Helmuth Teufl & Hans-Jörg Bürkl

Copyright: ALPINE Bau GmbH
Photos may be printed free of charge.

The project
The construction site has an area of more than 2,300 square meters; the complex itself will measure approx. 29,000 m2. It will have a sports pool with six lanes (meeting the FINA Regulations), a learners’ pool and a wading/children’s pool. Future visitors will also find a Finnish sauna, a steam room, a brine grotto, hydromassage tubs as well as a fitness studio and climbing wall.

ALPINE strong in Poland
ALPINE is currently building the National Stadium in Warsaw, Poland for the EURO 2012, boasting 55,000 spectator seats, as well as the PGE Arena in Danzig for approx. 44,000 spectators. ALPINE won the contract to build the University of Danzig’s Department of Chemistry in July 2010. The stadiums in Posen and Krakow were already completed in the fall of 2010.

ALPINE’s success continues in Poland (PDF)
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Photo: Virtual model of the sports and spa complex

Copyright: ALPINE Construction Polska sp.zo.o.
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Airport Metro Express
The Airport Metro Express line in New Delhi is 23 kilometers long and has six stations, connecting the central station in New Delhi with the Indira Gandhi International Airport and the district of Dwarka. The commissioned line between the central train station and airport will provide a fast, comfortable connection to the airport while easing traffic congestion on the roads.

ALPINE’s competence in tunnel construction
Its extensive competence in tunnel construction is the key to ALPINE’s success in the construction of railroad, subway and road tunnels around the globe. ALPINE is currently involved in the construction of the Gotthard Base Tunnel in Switzerland, part of the new Metro network in Singapore and a water supply tunnel in China, the 25-km Pinglou Tunnel. In addition, ALPINE’s subsidiary, BeMo Tunnelling, recently landed a contract to build two underground railroad stations in London under a consortium – currently the largest railroad project in England.

ALPINE: festive opening of New Delhi Airport Metro Express (PDF)
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Photo: The New Delhi Airport Express

Copyright: ALPINE Bau GmbH
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The Norwegian government is the client for the 108-million-kroner (EUR 14 million) bridge, represented by the Highway Administration – Statens Vegvesen – in the municipality of Alta. The region has pleasant temperatures thanks to the North Atlantic Stream. 

ALPINE intends to introduce itself as a reliable partner with this project and secure a good starting position for further interesting projects in Norway. “We see a great deal of potential in this market and are convinced that a long-term commitment in this area will have a very positive effect,” adds Esterbauer. 

The bridge
The bridge, a 300-meter, asymmetric, cable-stayed concrete bridge, will carry national road traffic. The pylon has an impressive height of 80 meters. Construction will start at the end of April 2011 and should be completed by the end of 2012. 

Expansion into Northern Europe
Political stability and favorable economic growth were the positive factors influencing ALPINE’s decision to intensify its efforts for expansion into Northern Europe. Technologically challenging projects are already being carried out in Sweden by ALPINE’s subsidiary, ALPINE BeMo Tunnelling.  The company recently completed a railroad tunnel in southern Sweden as well as a sewer tunnel near Goteborg with a contract value of approx. 30 million euros. The company also landed a contract for the construction of two underground train stations in London, currently England’s largest railroad project, as part of a consortium.

ALPINE now in Norway (PDF)

Ferrero-Waldner joins Supervisory Board of ALPINE (PDF)
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About 30,000 cubic meters of concrete, 2,800 tons of reinforcement and 2,000 tons of structural steel will be installed. Construction is scheduled to commence shortly, with project completion planned in the 3rd quarter of 2013.

The Borouge 3 Mega project will increase the petrochemical plant’s total production capacity by 2.5 million tons to 4.5 million tons of polyolefins by 2014. Borouge is a joint venture between the Abu Dhabi National Oil Company (ADNOC), one of the world’s largest oil companies, and the Austrian Borealis company, one of the leading suppliers of premium synthetics.

The Borouge 3 project is the second project being implemented by ALPINE for the ADNOC Group. The turnkey ADNOC office building to be built in Ruwais is to be commissioned by mid-2011. ALPINE won the ADNOC Health, Safety and Environment (HSE) Award in the safety category in 2010 for this project. The award recognizes above-average industrial safety standards on construction sites.

ALPINE lands 111-million-dollar contract in Abu Dhabi (PDF)

The contract will be implemented with financial aid from the operative “Environment 2007 – 2013″ program co-financed by the European Union through the European Fund for Regional Development. Valued at EUR 3.3 million, the contract was signed by the Mayor of the city of Popovo, Dr. Lyudmil Veselinov, and the Manager of ALPINE Bau’s Environmental Engineering Division, Herbert Titze. ALPINE already built a turnkey sewage treatment plant for a PE of 50,000 and 9.5 km of collectors to the complete satisfaction of the Bulgarian Ministry of the Environment & Water. 

ALPINE – experienced in environmental engineering
In addition to the energy sector, environmental engineering is one of ALPINE’s rapidly growing business fields. Its service portfolio includes the construction and operation of landfills, the construction of waste incineration plants, recycling facilities and flood control structures, the disposal and cleaning of contaminated soil and the construction of sewage treatment plants. The wide range of activities is reflected in ALPINE’s construction of a waste incineration plant in Zistersdorf (Austria), an oil sludge disposal system in Schönkirchen and the construction of a gas turbine for OMV.

ALPINE lands contract to expand Bulgaria’s water supply system (PDF)
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Photos Groundbreaking:
Herbert Titze, Manager of ALPINE Bau’s Division for Environmental Engineering (holding spade) and the Mayor of Popovo, Dr. Lyudmil Vesselinov (on the right)

Copyright: ALPINE Bau GmbH, reprint free of charge

The contract also includes access shaft, diagonal shafts for the escalators, tunnel for ventilation and electro-technical installations as well as a network of connecting tunnels to existing public transport buildings. 

Josef Arnold, spokesman for the management of ALPINE BeMo Tunnelling, said that constructing with minimum disruption to traffic in the neighbouring tubes of London will be the most demanding aspect of the works. The project’s location in the inner city will require an innovative logistics plan.

“We are proud to demonstrate our expertise in tunnel construction on  Europe’s largest infrastructure project,” says Roman Esterbauer, Member of the ALPINE Bau GmbH management.

Upon completion of the entire line, Crossrail will increase London’s railway capacity by 10 % while providing new destinations and significantly shorter travel times.

ALPINE’s competence in tunnel construction
ALPINE and its wholly-owned subsidiary, ALPINE BeMo Tunnelling GmbH, has demonstrated a high level of competence in tunnel construction projects in Austria and throughout the world. These include the Pfänder and Bosruck Tunnels, the Channel Tunnel Rail Link (CTRL) between UK and France and the construction of Heathrow Airport Terminal 5 (T5) 

ALPINE has successfly implemented projects for the construction of railways, metros, motorway tunnels as well as water and energy management systems. 

ALPINE is currently involved in the construction of the Gotthard Base Tunnel in Switzerland, the new Metro network in New Delhi, India and an intake tunnel for the power plant in Tapovan, India. Further power plant tunnels currently in progress are located in Bulgaria and Turkey. ALPINE is expanding the Metro network in Singapore and constructing a water supply tunnel in China. The company shares its know-how by providing consulting for tunnel construction projects in the USA, Russia, Kazakhstan and Great Britain.

ALPINE JV, wins contract for two Central London station tunnels on the Crossrail project (PDF)

Poland’s head of government, Donald Tusk, attended this event. He personally inspected the progress at this ALPINE construction site. He was very certain when he afterwards assured: “There is no doubt that we will complete this project on time”. 

The roof’s cable construction
The stadium’s entire roof cable construction rests on a “needle” which is its central supporting element. This “needle” has a length of 70 metres and a dead weight of some 90 tons. 72 cables attached to this “needle” were used to gradually lift the wiring. These cables have a total length of 70 km and a weight of more than 2,100 tons. The bottom of the “needle” hangs some 30 metres above the playing field. More than 200 persons were involved in successfully completing this “Big Lift”. 

The stadium
The Warsaw National Stadium provides about 55,000 seats and will be completed in summer 2011. On September 6, 2011, the new arena will be officially opened with a friendly match between Poland and the German national soccer team. 

ALPINE – Experience in stadium construction
ALPINE provides the highest possible competence in the handling of national and international stadium and large-scale projects. In 2009, ALPINE won contracts for the construction of stadiums in Gdansk and Warsaw as well as for the extension of the stadium in Poznan for EURO 2012™. ALPINE also modernized the MKS Stadium Cracovia in Krakow, Poland.

ALPINE successfully completes “Big Lift” of the roof’s cable construction at the Warsaw National Stadium (PDF)
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Pictures:
Picture 1: The Warsaw National Stadium
Caption: Lifting the roof’s cable construction called “Big Lift” is the most difficult operation for ALPINE in the construction of the Warsaw National Stadium.

Picture 2: from left: Donald Tusk, Poland’s head of government, Hanna Gronkiewicz-Waltz, city president of Warsaw/Poland
Caption: Poland’s head of government, Donald Tusk, personally inspected the progress of the Warsaw National Stadium at this ALPINE construction site. He was very certain when he afterwards assured: “There is no doubt that we will complete this project on time”.

Copyright: ALPINE Bau Deutschland AG, reprint free of charge

The bridge
The Danube bridge in Traismauer will be built as a prestressed concrete bridge at a height of 15 m. Its total length of one kilometer will be distributed over two approach bridges (north: 460 m and south: 330 m) and a river bridge (360 m). A structure for two lanes and a service lane will be provided in each direction of traffic. The bridge will be supported by two river piers. The center span is designed for navigation on the Danube

Technical challenge – highest commendation
“This construction project is certainly one of ALPINE’s most interesting bridge structures. All the work had to be carried out from a ship while facing a continuous problem with the high tides. The concrete piers were prefabricated on the banks of the Danube and floated into position, making it possible to maintain ship traffic on the Danube without major impediments,” explains Dr. Peter Preindl, managing director of ALPINE GmbH, elated over the achievement together with his team. Peter Preindl and his team also won the 2009 SOLID Bautech prize in the “national projects” category with this project.

Shorter connection between St. Pölten and Vienna
The new Danube bridge connects the S33 in the south and the S5 in the north, providing a continuous expressway from St. Pölten to Vienna north of the Danube. Construction of the bridge in Traismauer reduces the route while abating traffic on the B19 Tulln federal highway. The connection up to the S1 West and A5 Northern Highway South also significantly shortens the commute towards Prague and Brno. 

Know-how in bridge construction
ALPINE is not only involved in bridge construction in Austria but also beyond its borders. Helmut Niederhauser and his team constructed the “Domovinski Most” bridge across the Save in Zagreb and the Beska Bridge in Serbia. The construction company was also instrumental in the rehabilitation of the Kennedy Bridge in Bonn, construction of the first cable-stayed bridge in Saxony and in projects at many other national and international locations.

ALPINE: Completion of the Traismauer Danube Bridge (PDF)

“We are very happy to have won an outstanding second place and succeeded in shaking off the tough competition with our know-how and unbeatable teamwork,” said Mag. Michael Pichler, ALPINE Bau’s Manager of Recruiting & Human Resources Development. 

The “International German Training Prize” has been awarded by the BDVT (Association of German Sales Promoters, Trainers, Consultants and Coaches) since 1992. The competition honors exceptional human resources development initiatives characterized by distinct goal orientation, consideration of trainee interests and an innovative, motivating approach. The jury is composed of nine trainers as well as marketing and human resources managers from large companies.

ALPINE wins SILVER at the “2010 International German Training Award” (PDF)
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Photo: (left to right)
Mag. Michael Pichler, ALPINE Bau – Manager of Recruiting & Human Resources Development;
Mag. Anita Freund, ALPINE Bau – Human Resources Development Austria;
Karl Kaiblinger, Kaiblinger & Partner – General Manager;
Robert Duchac, Kaiblinger & Partner – Assistent

Copyright: BDVT

AlpTransit Gotthard AG, a wholly-owned subsidiary of the Swiss Federal Railway, awarded the contract to build the St. Gotthard Tunnel – the world’s longest tunnel – in 2001. The tunnel is divided into five sections. Consorzio TAT, in which ALPINE Bau GmbH holds a 25 % share, won the Bodio (15 km) and Faido (14 km) sections having a contract value of SFR 1.48 billion. The St. Gotthard Tunnel is the heart of the Alp Transit project on the Gotthard axis. It consists of two single-track tubes with a length of 57 km each. The tunnel is to be commissioned in 2017 and will significantly improve transport and travel efficiency.

The final centimeters before breakthrough were celebrated in Switzerland today with a huge event attended by Moritz Leuenberger (Swiss Transport Minister) as well as Dietmar Aluta-Oltyan (Chairman of the Supervisory Board, ALPINE Bau), Roman Esterbauer (member of the management, ALPINE Bau GmbH) and Dr. Franz Pacher (Managing Director, Alpine Bau GmbH Switzerland). In addition to the guests of honor, who were permitted inside the tunnel, the historic event was broadcast on big screens set up in the Lucerne Culture and Congress Center.

“Being there on this historic day was also an exciting event for us. The excellent performance of our teams here on site working under the consortium is impressive proof of our competence in tunnel construction,” said a pleased Dietmar Aluta-Oltyan. “The breakthrough was extremely precise with horizontal and vertical deviation very slight,” reported Roman Esterbauer, responsible for tunnel and railroad construction divisions as ALPINE’s managing director.

Railway engineering
In addition to the construction of the St. Gotthard Base Tunnel ALPINE also landed the contract to install the railway engineering equipment in the two single-track tunnel tubes and on the connecting lines north and south of the tunnel over a length of eleven kilometers until they join the existing railway network in April 2008, working under the Transtec Gotthard consortium. Contract value: SFR 1.68 billion.

ALPINE: Successful breakthrough in the St. Gotthard Tunnel (PDF)

“We are proud of this impressive demonstration of our competitiveness and now plan to proceed with completion without delay,“ says Roman Esterbauer, member of the ALPINE Management. ALPINE has been able to participate in the new call for tender since because of major technical and legal modifications ALPINE now considers the realisation of the project to be feasible. The dispute last year resulted from ALPINE’s claims regarding construction delays occasioned by a non-constructible bridge, a fact that, however, was not accepted by the principal. The legal dispute resulting from the termination of the contract by the end of the year, however, will not affect the the continuation of the project.  

The stretch of the A1 highway in Silesia to be completed has a total length of approx. 18.3 km including 32 bridges covering the segment between the Swierklany junction and the border crossing point with the Czech Republic and is to be completed within 18 months. 

A1
The A1 will link Gdansk in the North of Poland with the Czech border in the South and will end near the Czech city of Ostrava. The stretch of 582 km is situated along European Route 75 and is part of Pan-European Tansport Corridor VI. At present construction is under way on the stretches between Grudziadz and Torun as well as  between Katowice airport and Swierklany. The section between Gdansk and Nowe Marzy has already been opened to traffic. 

ALPINE in Poland
In Poland ALPINE currently has more than 3000 employees and as such is an important employer.  The award of the contract for the construction of the chemistry faculty at Gdansk University in June 2010 is particularly prestigious. In the summer of 2010 ALPINE was commissioned to construct High Speed Road S5 with a total investment volume of  245 million euro.  The road project stretches between Poznan and Wroclaw also including bypasses for the towns of „Bojanowo“ and „Rawicz“. Between 1997 and 2001 ALPINE already constructed Polish Highway A4 with a total length of 56 km. In addition to its successful road construction activities in Poland the Group is also providing impressive proof of its competence in stadion construction by building three stadions for the European Soccer Championship 2012. In the field of historic reconstruction ALPINE won the „Construction Site of the Year 2009“ Award for its sanitation of the historically important Hala Ludowa Hall – „Centennial Hall“ in Wroclaw in the Restoration Category.

ALPINE signs contract on further construction of A1 in Poland (PDF)

The multipurpose hall
The 15,300m² multipurpose hall has the size of a European Championship football stadium but is fully covered. “We attached particular importance to environmental compatibility.  Maximum use of the hall is obtained through the outer trusses, allowing the hall’s building volume to be reduced.  The optimal design makes it possible to reduce the energy consumption by up to 45,000 euros (corresponding to 75,000 liters of petroleum per year)” adds Rettenwander. Since the multipurpose hall will be built on the same site where 6 old halls will be torn down, sustainability is ensured by using the old site. Construction on the extremely difficult terrain will involve driving 3 km of piles for the deep foundation, moving 30,000 m³ of soil and installing 25,000 m³ of concrete. A total of 600 people from various branches of business will be responsible for the hall’s construction. 

Salzburg Exhibition Center
With over 591,000 visitors and approx. 37 public/trade fairs per year, the Salzburg Exhibition Center is a special attraction and Austria’s leading venue for trade fairs. The multipurpose hall will offer a further incentive for exhibitors and visitors.

ALPINE lands Salzburg Exhibition Center (PDF)

Reconstruction of the Posen Stadium only took 21 months. The U-shaped stands were completely covered and closed to increase the spectator seating capacity to nearly 41,000.

The project posed a great logistical challenge to the ALPINE team since the stadium was still being used for first league matches by KKS Lech and regularly visited by 20,000 fans throughout the construction stage.

ALPINE Bau Deutschland AG handed over the newly adapted stadium near the city center on schedule and in close collaboration with its Polish partners, PBG SA, Hydrobudowa Polska SA and AK-BUD Kurant Sp.J. Football matches at group stage will be held at the stadium during the 2012 European Football Championship.

Stadium construction by ALPINE in Poland
In addition to the city stadium in Posen, ALPINE is also building the National Stadium in Warsaw seating approx. 55,000 and the PGE Arena in Danzig seating approx. 44,000 for the EURO 2012. In Poland ALPINE is also modernizing the MKS Cracovia Stadium in Krakow to seat 15,000 spectators. ALPINE currently employs a staff of 3,000 in Poland.

ALPINE completes Posen Stadium in time for the EURO 2012 (PDF)
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Copyright: ALPINE Bau Deutschland AG
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Printable photo material available upon request

An ambitious project
The newly opened sections 512, 513 and 514 will lead the transit traffic between the Brno D1 Motorway and the Pilsen D5 Motorway away from the Prague metropolitan area whilst connecting the two motorways towards Germany. “The completed and commissioned sections were built using state-of-the-art technology. The stretch of road includes two tunnels with lengths of 1.7 and 1.9 kilometers as well as a 2-kilometer bridge, the longest to be built in the Czech Republic thus far. Traffic is controlled by a state-of-the-art traffic control system. A traffic volume of up to 91,000 vehicles per day is expected,” adds Peter Russegger, ALPINE Construction’s Managing Director in the Czech Republic. ALPINE helped to build section 513 from Vestec to Lahovice, completed after four years of construction.

ALPINE: Festive opening of Prague’s Southern Ring Road (PDF)
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Photos: Opening the Prague Ring Road

Copyright: ALPINE Bau GmbH
Photo may be printed free of charge.
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Short access routes
The plant’s central location in close proximity to the A7 and A1 motorways makes it possible to supply the city of Linz and the central Mühlviertel district without having to cover long distances. “This plant will make us even more competitive and boost sales in the Road Construction Division, having continuously risen over the last ten years,” adds Prok. Peter Schwaighofer, Division Manager for Road and Sewer Construction in Upper Austria.

Step by step asphalt production – the plant’s mode of operation
Gravel deliveries are stored in tower silos with a total capacity of over 7,000 tons, conveyed to the drying drums on discharge conveyors, dried at approx. 200° C and transported to the screening machine on a bucket conveyor.

After screening, the gravel drops into 12 different rock containers, depending on the grain size. The gravel is added to the mixer according to the required composition, bitumen is injected and mixed with the gravel. The product is mixed for approx. 40 seconds for three tons and is loaded onto trucks as a finished product through loading silos. The mix loaded onto the trucks is covered with a tarp or brought directly to the site on “thermo trucks.”

Any accumulating dust and bitumen vapors are fully disposed of via exhaust fans, filters and reburning. The “white cloud” visible on cooler days is merely steam and environmentally compatible. The plant is completely enclosed to reduce sound emission. To preserve gravel resources, recycled asphalt, i.e. asphalt dug out from paved areas and crushed, is also used in the production of base course.

Energy is supplied by environmentally-friendly natural gas.
The plant can produce up to 240 tons of asphalt per hour.

Asphalts consist of a mixture of mineral aggregate and petroleum bitumen as the binder, usually containing 93-96 % of the aggregate and 4-7 % of the binder. High-grade asphalts containing plasticized bitumen and hard rock can be produced in this plant for the major road system.

ALPINE: State-of-the-art asphalt mixing plant opens in Linz
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Copyright: ALPINE Bau GmbH
The photo may be printed free of charge.
Printable photo material available upon request.

The expressway project stretches from Posen to Breslau and will include a bypass around the towns of Bojanowa and Rawicza. A total of 11 consortia placed their bids for the project, ALPINE emerging as the best bidder. The GDDKiA (federal highway administration in Warsaw) is the client. The gross contract value is PLN 948.23 million (Polish zlotys), currently corresponding to EUR 245 million.

“Winning this challenging highway contract impressively underlines ALPINE’s competitiveness and competence,” says Dr. Peter Preindl, CEO of ALPINE Bau GmbH, pleased with the award. The 29-km section of expressway will be widened to four lanes. A 9-km district road will also be built perpendicular to the project. For the time beeing more than 3000 people are working for ALPINE in Poland.

Success in Poland
In addition to executing traffic infrastructure projects, the company demonstrated it competence in stadium construction, where ALPINE has three stadiums for the 2012 Football Championships under construction. The contract to built the Danzig University´s Department of Chemistry is an other prestigious contract of this year. With the finalization of the rehabilitating of the “Hala Ludowa Hall” in Breslau, the company won the award for the “Construction Site of the Year 2009” in the category of rehabilitation.

ALPINE lands contract for S5 expressway in Poland

The steel design of the Danzig stadium, built under the lead management of ALPINE Bau Deutschland AG, consists of 82 roof elements. The elements weigh approx. 66 tons each and have been installed one by one since the beginning of last May. They are still being held by gigantic supports, to be removed when all of the roof elements are installed and connected to the ring. The stadium’s steel roof will be self-supporting and will ultimately weigh nearly 7.2 thousand tons.

Not only the prominent guests were able to inspect the new stadium during the festivities last weekend. Nearly 12,000 visitors took advantage of the opportunity to check out the progress of construction at “their Danzig Football Arena” during the “open house” hosted by the clients.

Work related to the infrastructure around the stadium, including the construction of the parking lots, is also progressing well.

The Gdańsk Arena
Construction of the Danzig stadium started on December 15, 2008; the cornerstone was laid on July 15, 2009. Construction is scheduled for completion by January 21, 2011. The entire project will cost 156 million euros. The stadium will be able to seat 44,000 spectators. The first match is to be played in the summer of 2011.

Roofing ceremony for prestigious football stadium in Danzig
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Photos:
Photo 1: Donald Tusk, Prime Minister welcomes the guests
Photo 2: A lot of guests jointed the festivities

Copyright: ALPINE Bau GmbH
Photos may be printed free of charge
Printable photo material available upon request

“We are proud that this challenging project won such an important prize in the construction branch,” adds the pleased site manager, Mikolajonek Maciej.

ALPINE garnered particular praise in a letter from Michael Berg, the son of Max Paul Eduard Berg, the Hall of the Century architect in Breslau, emphasizing: “I’m pleased that the hall was not only renovated as a monument but – with the modern technology installed – can be used as a multipurpose hall.”

The Hala Ludowa Hall
Once called the Centennial Hall, the hall was renamed Hala Ludowa (”People’s Hall) after World War II. The hall hosted the World Congress of Intellectuals for Peace in August 1948. With 6,000 seats and standing room for 20,000, the hall is an impressive pioneering work of 20th century architecture. The building paved the way for the use of reinforced concrete in the construction of large public buildings. The building’s innovative design is responsible for the feeling of lightness and harmony emanating from the enormous dome. It was listed as a UNESCO World Heritage Site in 2006. The cupola has a diameter of 65 meters and a height of 42 meters.

The Hall’s reconstruction, ranging from the insulation of the roof to the rehabilitation of the concrete and windows, makes it the first seminal reinforced concrete building to shine in new splendor. Today it is used as a venue for movies, congresses and other events such as rock concerts, sports, theater and operas.

Poland: Award for rehabilitation of the World Heritage Site “Hala Ludowa Hall”
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Photos:
Photo 1: Outside view of the Hall
Photo 2: Outside view of the Hall with Mikolajonek Maciej

Copyright: ALPINE Bau GmbH
Photos may be printed free of charge.
Printable photo material available upon request

About DBV
The Objective of this association is to promote further development of scientific and technical basic concepts in concrete construction (concrete, reinforced concrete, prestressed concrete) as well as the promotion and further development of construction engineering in general.

This including but is not limited to reviewing bodies of rules and regulations and the involvement in national and international regulations, distribution of experience gained through events and publications, the cooperation with other national and international scientific associations and organization and the support of research.

ALPINE – a partner in research
This membership in the management board of DVB allows ALPINE to contribute even more to research and development in the areas of concrete and engineering. For many years, the ALPINE Competence Centre for Building Material and Concrete Technology in Dortmund is engaged in very beneficial projects, e.g. the development of acid-resistant concrete for the construction of cooling towers. By way of the Competence Centre, ALPINE is also an active member in the Steering Committee for Construction Material Engineering (HABIT).

Karsten Hell is new management board member of Deutscher Beton und Bautechnik-Verein (DBV)

Apprentice campaign
Training apprentices has a long tradition at ALPINE. Great importance is attached to a sound vocational training and a familiar atmosphere. Attractive training and further education programs can lay the cornerstone for an interesting career in an innovative, international company. Many members of staff pursued their careers through an apprenticeship.
This construction company boosted its apprentice campaign this year and is taking on up to 100 apprentices. Apprentices passing the apprenticeship examination with a grade of “outstanding” win a € 1,000 bonus. A few positions are still open, says Mietschnig, who urges interested youths to register on the company’s website, www.alpine.at.

ALPINE: Apprentices are building a house (PDF)
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Photos:
Photo 1:
Apprentices at work at the SOS apprentices’ house
Photo 2 FRTL:
Mr. Pfurner (foreman), seven apprentices in different years of their apprenticeship currently at work on site, Mr. Wibmer (assistant foreman),Mr. Heregger (site manager) in front of the SOS apprentices’ house currently under construction

Copyright: ALPINE Bau GmbH
The photo may be printed free of charge.
Printable photo material available upon request.

ALPINE’s apprentice campaign
For ALPINE an apprenticeship is a foundation for life. ALPINE currently has a total of 200 apprentices. Great importance is attached to the perfect interaction between parents, apprentices, the school and the instructors. The company places a great deal of emphasis on a friendly atmosphere. Apprentices passing the apprenticeship examination with a grade of “outstanding” win a € 1,000 bonus.

This year up to 100 apprentices will be hired for the different construction trades. A few positions are still available. www.alpine.at

ALPINE: Successful apprentices from Upper Austria
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Photos:
Photo 1: From left to right: Florian Huber & Bernard Feischl at the competition
Photo 2: Bernard Feischl & Florian Huber at the award ceremony

Copyright:
Johannes Toth Advertising Agency
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Printable photo material available upon request.

ALPINE will use the proceeds from the issue to ensure the company’s continued organic growth while assuring and expanding its good position in the eastern and southeastern markets, focusing on the strategically significant market, Russia.

ALPINE: Issue successfully placed (PDF)

The project:
The infrastructure, dating back to the 1980s, has been successively rehabilitated. A public call for tenders was launched for the last section, streetcar line 3 including tracks, etc. and won by ALPINE Hungária Kft. The contract was recently signed by the Mayor of Szeged, György Botka, and ALPINE Hungária’s representatives, Sándor Bartha and András Héli. According to András Heli, “This project consists of providing nearly 3,100 meters of track and contact wires, public sewers, upgrading electric cables and telephone cables as well as renovating the public lighting system. The investment volume for ALPINE will be approx. 7 million euros.” The project should be completed by the fall of this year.

ALPINE Hungaria therefore landed its second traffic project in Hungary within a short period of time. The company recently won the EUR 2.6 million contract for one of Hungary’s most modern bus stations in Hatvan.

About Szeged:
Szeged, 170 km south of Budapest, has a population of approx. 170,000, making it the fourth largest city in Hungary and the capital of Csongrád County. It is located near the Serbian border. Szeged is the sunniest city in Hungary and also known as the “City of Sunshine”.

ALPINE lands 7-million-euro contract in the city of Szeged, Hungary

“We want to use the proceeds of the issue to ensure the further organic growth of the company and in doing so secure and develop our good positioning on the markets of Eastern and South-Eastern Europe, with a focus on the strategically important market of Russia,” says Dietmar Aluta-Oltyan, President of the Supervisory Board of ALPINE Holding and co-owner of the company. Werner Watznauer, CEO of ALPINE Holding GmbH adds, “In addition, the proceeds of the issue will be used to strengthen the capital base and to refinance existing commitments. In this way we are aiming to achieve the broadest possible and thus safest financing structure for the sought-after continued growth of the company.” “The debut bond of this traditional, well established company once again underscores the great importance of the Austrian bond market in corporate finance,” says a very satisfied Helmut Bernkopf, Member of the Board of UniCredit Bank Austria. Christoph Raninger, Member of the Board of BAWAG P.S.K says, “The attractive interest coupon of an anticipated 5.25% certainly represents an interesting investment opportunity over a manageable investment timeframe for Austrian private investors, especially given the low rates of interest currently being paid on savings.”

ALPINE Holding GmbH/ALPINE Bau GmbH
ALPINE Holding GmbH is 83% owned by the listed Spanish company FCC Group S.A. (Fomento de Construcciones Y Contratas, S.A.) and 17% owned by Dietmar Aluta-Oltyan, who has built up ALPINE Bau GmbH since 1968. ALPINE Bau GmbH, Austria’s second-largest construction company, is 100% owned by ALPINE Holding. All other companies are subsidiaries of ALPINE Bau GmbH. In 2009, the ALPINE Bau group of companies achieved a construction output of around EUR 3.4 billion (EUR 3.5 billion in 2008) with around 15,234 employees (15,530 in 2008). “As at the end of 2009 the company had already recorded orders of around EUR 3.4 billion, which corresponds to the entire construction output for 2009 and therefore represents a good starting point for the 2010 financial year,” explains Peter Preindl, spokesman for the Management Board of ALPINE Bau. Aluta adds, “The company is well positioned thanks to its geographical diversification and broad range of services. We will continue to focus on increasing the cost-effectiveness of large orders, enhancing efficiency through the group of companies and minimising risks, including through the appropriate structuring of contracts.”

The activities of ALPINE cover the full range of the construction sector at national and international level: structural engineering, traffic route engineering, bridge-building, underground mining, special civil engineering, power plant construction and environmental technology. Besides completing conventional construction projects, ALPINE also has extensive experience in the area of project financing. This includes the implementation of PPP models. In addition to having a dense network in Austria and Germany, where about 65% of the company’s activities are carried out, the Group is also continuing to expand its market position in Central, Eastern and South-Eastern Europe. The company also operates successfully in countries such as Russia, China, India and Singapore. With its largest subsidiary, ALPINE Energie, the Group has a forward-looking pillar in the increasingly important sector for renewable energy as well as network and communication technology. “We are already one of the largest providers in this area,” adds Preindl.

Facts about the corporate bond
Issue volume: EUR 100,000,000 an increase in volume is possible
Term: 5 years final maturity
Denomination: EUR 1000.00
Interest rate: 5.25 % p.a. fixed (indicative)
(to be confirmed and announced immediately prior to commencement of the subscription period)
Redemption: 100% at maturity
Subscription period: 21 June to 23 June 2010 (subject to earlier closure)
Joint lead: UniCredit Bank Austria and BAWAG PSK
Value date: 1 July 2010

ALPINE Holding issues corporate bond

The project
The project consists of six connected segments of different heights. The building will contain lecture halls as well as a warehouse and technology sectors. Pedestrian and bicycle paths as well as green spaces will also be provided. The new building will have a total area of 28,180 m², the parking lot will accommodate 166 cars. Various laboratories are planned for practical training as well as auditoriums for lectures on chemical and environmental engineering.

ALPINE to build new Department of Chemistry at Danzig University (PDF)