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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