voestalpine to Invest Further in China

People ♦ Published: May 14, 2014; 18:32 ♦ (Vindobona)

Listed Austrian steel producer voestalpine opened another business location in China.

voestalpine continues to invest in China. / Picture: © Voestalpine AG

The new plant will produce steel pipes and profiles for terrain and construction site vehicle manufacturers and international automobile manufacturers and importers. According to the enterprise, more than € 20m were invested in the 22nd business location in China.

The new production site in Suzhou will employ 50 persons. Currently voestalpine Group generates…