Voestalpine: Doubling of Sales in Five Years

People ♦ Published: December 6, 2010; 18:32 ♦ (Vindobona)

By 2015, the Chairman of the Board of the Austrian steel group, Wolfgang Eder, intends to achieve sales over € 15b billion through expansions.

Voestalpine: Doubling of Sales in Five Years / Picture: © Voestalpine AG (Blast Furnace A)

In an interview with the German magazine "Handelsblatt", Voestalpine's CEO announced big plans: the group will grow strongly until 2015. While last year's sales were over € 8.6 billion, Eder wants to achieve still bigger sales in the next few years through expansion into Brazil, China and India. Eder sees special potential in the railway systems and automotive…