Voestalpine’s US investment part of global auto strategy

Aug 23, 2012 | 05:09 PM | Corinna Petry

Tags  Voestalpine, metalforming, automotive, Wolfgang Eder, Herbert Eibensteiner, Corinna Petry,

CHICAGO — Voestalpine Group plans to invest more than €100 million ($125.64 million) in new plants across four continents, including in the United States, as part of a comprehensive globalization strategy in the automotive sector.

The Linz, Austria-based company, which produces and processes steel and manufactures steel components, on Wednesday confirmed earlier reports of its plan to build a €50-million ($62.82-million) production facility in Cartersville, Ga. (amm.com, Aug. 17) Production at Cartersville, which is in the center of a cluster of automobile plants, is slated to begin by mid-2013.....

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