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Steyr Arms Pushes Expansion - Austria as a Location in Danger?
The Austrian arms manufacturer Steyr Arms, part of the Czech investment group RSBC since 2024, is planning extensive expansion in the US and European markets. At the same time, the site in Austria is coming under pressure as export licenses are being delayed. While the company management wants to secure the future of the traditional business with new strategic decisions, a relocation could be considered.
Austrian soldiers with a Steyr StG 77 KPE during a combat exercise. / Picture: © Wikimedia Commons; Austrian forces at Combined Resolve II;CC BY 2.0 Generic (CC BY 2.0 DEED, https://creativecommons.org/licenses/by/2.0/deed.en)
Steyr Arms has undertaken a significant restructuring at the management level. Milan Šlapák, previously CEO of the RSBC Group, takes over the operational management of the company. He brings over 20 years of experience in leadership positions at General Electric and will focus on innovation and more efficient business operations. Former CEO Tim Castagne, with more than three decades…
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