AI assistant
voestalpine AG — Management Reports 2008
Oct 16, 2008
767_iss_2008-10-16_c3e2d770-ddcd-40a3-b1e2-b03e895c8c0d.pdf
Management Reports
Open in viewerOpens in your device viewer
keywords: Strategic management decisions/C.E.O. Interviews
euro adhoc: voestalpine AG / Strategic management decisions / voestalpine postpones decision about new steel plant at the Black Sea
-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
16.10.2008
Since summer 2007 the voestalpine Group is thoroughly investigating growth options in its steel division. In this context a green field investment for a new plant for flat steel products in the black sea region is under consideration.
Due to the critical condition of the financial markets and the resulting uncertainty on the further development of the global economy the decision on this expansion project initially planned for December 2008 is postponed to the year 2009.
A decision in the near future also seems not justifiable given the decisions of the European Parliament on the proposed climate protection rules that are very critical for the industrial base in Europe.
Preliminary work for the decision will however continue unchanged.
Further details as to the publication is available on www.voestalpine.com or please contact the Investor Relations Team of voestalpine AG under +43/50304/15-9949 for any further details.
Further inquiry note: DI Peter Fleischer Head of Investor Relations Tel.: +43/50304/15-9949 Fax: +43/50304/55-5581 mailto:[email protected] http://www.voestalpine.com
| emitter: | voestalpine AG |
|---|---|
| voestalpine-Straße 1 | |
| A-4020 Linz | |
| phone: | +43 50304/15-9949 |
| FAX: | +43 50304/55-5581 |
| mail: | [email protected] |
| WWW: | www.voestalpine.com |
| sector: | Metal Goods & Engineering |
| ISIN: | AT0000937503 |
| indexes: | |
| stockmarkets: | |
| language: | English |
Aussendung übermittelt durch euro adhoc The European Investor Relations Service