metal industry in austria
DESCRIPTION
1.944 imprese con 160.000 impiegati, Volume d‘affari : 30 Mrd. €, Quota delle esportazioni: ca. 67%, Focus: Costruzione di macchine, tecnica di propulsioneTRANSCRIPT
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Marion Biber, Director Southern Europe
Ljubljana, November 13th 2012
ABA-Invest in Austria
Austria – the Unknown Neighbour?
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Surely you know Austria like this…
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…but did you also know…
Source: OECD, Eurostat
Production sectors as percentage of GDP, 2010
29,2
27,8
27,3
27,2
24,7
23,7
21,3
21,8
18,8
Austria
Germany
Japan
Switzerland
EU-27
Netherlands
USA
UK
France
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1,5
1,7
1,9
2,1
2,3
2,5
2,7
2,9
1998 2000 2003 2004 2005 2006 2007 2008 2009 2010 2011
Austria‘s R&D expenditures grow above average
Germany Austria
EU-25
Source: Eurostat
*Forecast 2012
2.8 *
As a percentage of GDP
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The Austrian market - small but profitable
8.4 million inhabitants
50 m. consumers within 400 km
GDP/capita: 32,110 €
#3 in the EU regarding purchasing
power
GDP growth 2012: 0.8% (forecast)
Inflation 2012: 2.4% (forecast)
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Profit from highly productive employees
Source: IW Köln 2012
73
76
84
86
87
90
98
100
102
107
113
115
Japan
USA
Czech Rep.
Netherlands
Austria
Sweden
Belgium
Germany
Denmark
Italy
France
UK
Unit labor costs 2010, Germany = 100
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Motivated staff secure your success
Source: World Competitiveness Yearbook 2012
10=Motivation of staff is high
8,05
7,76
7,73
7,39
7,35
7,17
6,55
6,07
5,87
5,78
5,2
5,08
5,03
4,78
Switzerland 1
Denmark 2
Austria 3
Germany 5
Japan 7
Netherlands 10
USA 20
Belgium 27
Czech Rep. 30
UK 31
Italy 41
Polamd 46
Hungary 47
France 50
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Labour law – basic information There is no general minium wage, minimum wages regulated
in sectoral agreements
Wages paid 14 times per year
Working hours: 38.5 or 40 hours / week (excluding lunch brake)
Usually 25 days vacation per year
New system for severance payments – no need for provisions
Employees may be dismissed without stating a cause
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Economic and social stability
Eurozone
Lowest strike rate
High level of personal security
Reliable legal system
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Investor-friendly Tax System
Corporate tax rate: 25%
Modern group taxation
Tax premium for R&D: 10%
Double taxation treaties
No „Black List“
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Taxation of physical persons
EUR %
- 11.000 0%
11.000-25.000 36,5%
25.000 – 60.000 43,2%
> 60.000 50%
AUSTRIA
Source: Leitner & Leitner, 02/2012
SLOVENIA
EUR %
- 7.529 16%
7.529 – 15.057 27%
>15.057 41%
EUR %
- 11.000 0%
11.000-25.000 36,5%
25.000 – 60.000 43,2%
> 60.000 50%
EUR %
- 7.529 16%
7.529 – 15.057 27%
>15.057 41%
Employer‘s cost: (gross salary*14) + appr. 30%
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Taxation of physical persons – examples
Source: Leitner & Leitner, 02/2012
Gross salary €
Net salary in Austria
Net salary in Slovenia
25.000 18.400 15.684
50.000 31.700 27.180
75.000 46.200 38.600
100.000 60.600 50.160
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Constitution of a limited company in Austria (GmbH)
Minimum share capital 35.000 €
Articles of Association signed by notary deed
Time for registration at company register appr. 2 weeks
Cost of constitution ca. 10% of share capital
Taxation 25%, minimum tax 1.750 €/year
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Trade license
Non-regulated (e.g. trade/commerce) or regulated trades (e.g. restaurant, construction)
Holder of the trade licence has to be appointed
Can also be employed (at least 20 hours/week)
General prerequisites: Over age of 18 Austrian or EU citizen No reasons for exclusion (e.g condemnation)
Special prerequisites depend on activity
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Incentives support your project
Examples:
Fiscal for R&D and training of staff
Grants/credits with low interest rates for investments in production up to 25%
Grants/credits with low interest rates for R&D projects up to 50%
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Metal industry in Austria (1)
Steel production
13 companies 13.238 employees Production value 7,5 bn € Main companies: Böhler, Breitenfeld,
Voestalpine, Schoeller Bleckmann
Source: Steel association
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Metal industry in Austria (2)
Mechanical and metal articles
1.400 companies with 158.000 employees
Production value 2011: 36,5 bn € R&D expenditures 2011: 483 m € Export quota: 65% (26,3 bin €) GDP share: 6,6% Niche products
Source: FMMI
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NACE Top Sectors - Production
Year 2011
in Mill.€
2511 Metal structures 3,057
2822 Lifting and handling equipment 2,949
2830 Agricultural and forestry machinery 1,771
3020 Railway locomotives and rolling stock 1,441
2892 Manufacture of machinery for mining, quarrying and construction 1,191
2550Forging, pressing, stamping and roll-forming of metal;
powder metallurgy 1,279
2420 Steel tubes, pipes and fittings 1,270
2573 Tools 1,133
2825 Non-domestic cooling and ventilation equipment 916
Total Production Value FMMI 2011 36,500
content
Biggest sectors
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R&D for the metal industry and machinery R&D expenditure
800 Mio. € (2009) 469 companies active in R&D
Excellence R&D Centres, e.g.• ACCM - Austrian Center of Competence of Mechatronics,
Upper Austria• K2-Mobility - K2-Mobility SVT sustainable vehicle
technologies, Styria• MPPE - Integrated Research in Materials, Processing
and Product Engineering (MCL), Styria• K1-MET - Competence Center for excellent Technologies
in Advanced Metallurgical and Environmental Process Development, Upper Austria
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Anger Machining
Anger Machining builds the machines for the production of the extremely precise valve control components and other aluminum parts of the Chrysler Kokomo Transmission Plant in Indiana, USA.
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Fill Metallbau
4.5 m € costs the sophisticated front of the new ZF Friedrichshafen AG in Passau.
Fill Metallbau built it for the automotive supplier in only 3 months.
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AVL
AVL is the world's largest privately owned company for development, simulation and testing technology of powertrains (hybrid, combustion engines, transmission, electric drive, batteries and software) for passenger cars, trucks and large engines. The hightech company AVL employs 5.250 people worldwide. Turnover in 2011 was 830 million Euro.
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Tubex
The German company produces special aluminium tubes for the pharmaceutical, food and chemicale industry, employing 140 employees in Austria.
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ABA-Invest in Austria
Consulting company owned by the Ministry of Economic Affairs
Consulting services and information for international investors - free of
charge
29 employees
International network
Cooperation with the regions
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What we can do for you … Consulting services – fast, non bureaucratic and free of charge
General information on Austria as a business location
Market data
Legal and tax issues – contact network
Labour laws, labour costs
Site identification
Information about incentives and public contributions
Organisation of “fact finding” missions
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ABA – at Your Service!
Marion BIBERDirector Southern Europe
E-Mail: [email protected]: +43 1 58858 -32
www.investinaustria.at