Voestalpine Leaves Europe Step by Step

People ♦ Published: December 20, 2012; 00:17 ♦ (Vindobona)

The Austrian steel company wants to reduce the dependence on Europe. Growth will take place elsewhere, CEO Wolfgang Eder says.

Voestalpine Leaves Europe Step by Step / Picture: © Flickr / Worldsteel

“In future, growth will take place apart from Europe.” Eder says. “As a result, we are leaving Europe consciously.” In the past, Eder often criticized that industrial policy in Austria and Europe. Above all, the environmental policy and the high energy costs accelerate the deindustrialization, Eder said. Voestalpine´s CEO stresses that the whole steel industry suffers from…