Sponsored
Article Tools

Voestalpine to Construct New Plants in China

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…

This article includes a total of 239 words.

or Log In

Fast News Search
Related News
German Rail Manufacturing Plant of Voestalpine to be Closed (October 21, 2013)
Austria: Voestalpine Expects Same Results as 2012 (October 17, 2013)
Voestalpine Expects Turnaround (October 7, 2013)
Does Austria Need Further Privatizations? (September 24, 2013)
Austria: Voestalpine Opens Rolling Mill (September 20, 2013)
Read More
Leaders, Wolfgang Eder, Voestalpine, Steel Industry, Manufacturing Industry, Earnings, China, Expansion
ISIN
AT0000937503
Featured
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter