voestalpine driving expansion in Asia

03 October 2018 
voestalpine driving expansion in Asia–new railway infrastructure and automotive plants, expansion of services and additive manufacturing

voestalpine driving expansion in Asia–new railway infrastructure and automotive plants, expansion of services and additive manufacturing

voestalpine generated revenue of over one billion euros in the expanding Asian market during the past business year. Revenue in China alone is forecast to rise from its current level of over EUR 550 million to EUR 800 million by 2020. Now the Group is setting two further milestones on its path to achieving this growth: in the railway infrastructure sector an important step in expanding in the booming Chinese urban traffic sector has been taken with the founding of a further joint venture for the production of turnouts. In addition, recently automotive activities have been significantly extended with the startup of the second component plant in China.

For the full press release, click here.

 

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