voestalpine.com 22 Nov, 2016
Voestalpine as a technology partner to the automotive industry enters the next stage of its internationalization with continued expansion in the NAFTA region, as well as in Europe and Asia. The deciding factor was an order worth almost USD 600 million in the automotive sector which the Group has recently signed with a premium manufacturer. Over EUR 30 million will now be invested in the construction and extension of sites in Mexico, Germany, Romania, and China in order to fulfil this order. The majority of the investment volume is allocated to Mexico’s booming automotive market where a new components manufacturing plant will be built in Aguascalientes.