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Voestalpine to Put Effort into Growth

Published: July 4, 2012; 19:45 · (Vindobona)

The Austrian steel producer intends to grow through acquisitions again in the medium term. Exports to Brazil and Asian countries should be promoted.

Voestalpine to Put Effort into Growth / Picture: © Flickr

In the medium term, voestalpine may grow through acquisitions again. After the takeover of Böhler-Uddeholm in 2007, the gearing ratio went up remarkably. In the next years, the ration should continue to decrease, CEO Wolfgang Eder explains. At the moment, the ratio is slightly above 50%. Eder aims to reach a ratio of 40% in the near future. „Then we would have enough reserves…

This article includes a total of 214 words.

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