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…

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Asia, China, FDI Foreign Direct Investments, Voestalpine, Manufacturing Industry, Steel Industry, Earnings, Leaders, Wolfgang Eder
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