Voestalpine Expands Into USA

IndustrialsIndustrial Goods ♦ Published: August 23, 2012; 16:19 ♦ (Vindobona)

In the next several years, the Austrian steel group will be investing more than € 100m in new plants in China, the USA, South Africa, Romania, and Germany

Voestalpine Expands Into USA / Picture: © Voestalpine AG

The expansion steps are a part of a comprehensive globalization strategy in the automotive sector. Now the first concrete step is being taken overseas. A production facility is being erected in the USA, with a construction budget of € 50m. Cartersville, Georgia is about 60 kilometers northwest of Atlanta and is in the center of a cluster of automobile factories. Production is slated…