Voestalpine Amends Expansion Plans

People ♦ Published: February 18, 2012; 16:59 ♦ (Vindobona)

The Austrian steel producer intends to use its technologic leadership in the automotive component business for further expansion steps.

Voestalpine Amends Expansion Plans / Picture: © Flickr / Worldsteel

CEO Wolfgang Eder ultimatively gives up his plans to build a second steelwork, the manager told to “Kleine Zeitung”. In 2008, voestalpine considered building a major steelworks in Romania at the Black Sea coast. However, Eder fears that the current situation cannot be maintained. “If Europe continues in that way, we will lose substantially in global…