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Voestalpine Closes TSTG Schienentechnik
The shutdown of German TSTG is due to a “lack in efficiency”. Because of the current cartel proceedings, the Austrian steel company has to build provisions of € 205m.
Voestalpine Closes TSTG Schienentechnik / Picture: © Vindobona.org
The Management Board of voestalpine AG decided today, Tuesday, to end production at its Duisberg subsidiary, TSTG Schienentechnik GmbH & Co KG (“TSTG”). The decision is based on the site’s inability to operate cost-effectively. It is no longer possible to produce rails competitively at the site over the long term. Closure will take place at the end of 2012 at the earliest.…
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