!!!TEERAG-ASDAG AG

TEERAG-ASDAG AG, road construction company with headquarters in 
Vienna, subsidiaries in all Austrian provinces. Teerag AG was 
established in 1914 by the merger of two companies, E. Pilhal of 
Vienna and P. Hiller of Brunn am Gebirge. Most other production sites 
in Budweis/Ceske Budejovice, Karlsbad/Karlovy Vary, 
Koeniggraetz/Hradec Králove, Prague, Zagreb and Goesting (near 
Graz, Styria) were sold after World War I. In 1922, TEERAG AG 
took over ASDAG Asphalt- und Dachdeckungsges. m. b. H., 
based in Vienna-Kagran. As early as 1921, the Vienna City Council had 
bought 40 % of the share capital and has since continuously 
expanded its share ownership (89.8 %, as of 1993). Renamed 
TEERAG-ASDAG AG in 1964. In the mid 1990s the Vienna City Council 
began selling its shares (ownership reduced to 82.6%, then to about 
46% in 1999); in 1999 the Allgemeine Baugesellschaft A.  Porr AG 
increased its interest in the company to 35%. Turnover as of 1998: ATS 
6.75 billion, staff of 4169.


%%language
[Back to the Austrian Version|AEIOU/TEERAG-ASDAG_AG|class='wikipage austrian']
%%

[{FreezeArticle author='AEIOU' template='Lexikon_1995_englisch'}]
[{ALLOW view All}][{ALLOW comment All}][{ALLOW edit FreezeAdmin}]