Austrian steel producer voestalpine has announced that it will invest around €140 million over the next few years, constructing a new plant which will produce premium special steel products for the Chinese market. Construction is scheduled to start in 2015, and the new company will create 400 jobs.
Working together with the Chinese foundry Kocel Machinery Co., the new special steel plant is scheduled for completion by the end of 2017. It will produce the highest-quality tool steels and forged materials for the automotive, consumer goods, and mechanical engineering industries.
In future, the new Chinese plant will produce between 50,000 and 70,000 mt of high-quality special steel products each year when operating at full capacity.
Source:
http://www.steelorbis.com/steel-news/latest-news/voestalpine-invests-in-new-special-steel-plant-in-china-851409.htm
