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.

Voestalpine to Construct New Plants in China / Picture: © Voestalpine AG

“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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Leaders, Wolfgang Eder, Voestalpine, Steel Industry, Manufacturing Industry, Earnings, China, Expansion
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