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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.

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