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German Rail Manufacturing Plant of Voestalpine to be Closed

Published: October 21, 2013; 16:53 · (Vindobona)

At the end of October voestalpine will shut down its rail manufacturing plant TSTG Schienen Technik GmbH & Co KG in Duisburg, Germany.

German Rail Manufacturing Plant of Voestalpine to be Closed / Picture: © Flickr / Worldsteel

“We will close Duisburg these days,” CEO of voestalpine Wolfgang Eder announced on Monday. In the first half year, the steel producer assumed the shutdown will take place only at the end of the year. The production locations has amounted losses in in the double-digit million range in the past years.

“If there are sustainable problems one has to take consequences,” Eder…

This article includes a total of 199 words.

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