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Voestalpine to Construct New Plants in China
People ♦
Published: October 28, 2013; 10:42 ♦ (Vindobona)

The Austrian steel manufacturer will invest € 450m in new facilities and plans to triple revenues until 2020.

“Until 2020 we will build around 15 new facilities,” CEO Wolfgang Eder announced in an interview with Austrian magazine “trend”. The total volume of investment amounts to € 450m which is more than what has been expected so far.
On Monday Eder announced the company’s plans to triple revenues from € 700m to more than € 2bn until 2020 in Asia. According to…
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