Austria's Voestalpine determined to keep its operations in Britain
Reuters
Published Dec 10, 2018 12:20
Austria's Voestalpine determined to keep its operations in Britain
VIENNA (Reuters) - Austrian speciality steelmaker Voestalpine (VI:VOES) will continue its operations in Britain no matter how the country's relationship with the European Union is shaped in the future, its chief executive said on Monday.
"We will definitely remain loyal to Britain," Wolfgang Eder told journalists in Vienna, when asked whether there were any scenarios under which Voestalpine would withdraw from the Britain in connection with the country's planned divorce from the bloc.
"The question is, do we stick with what we have there, or do we expand further," he said.
Voestalpine has 10 locations including four production sites in the country and generates sales of around 300 million euros (268.13 million pounds), or 2 percent of group sales, there.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.