10/08/2015

Voestalpine wants Mexico for expansion

Austrian specialty steelmaker Voestalpine wants to follow big carmakers into Mexico, where it plans to expand in the next two years, Chief Executive Wolfgang Eder said. Carmakers such as BMW, Daimler and Renault-Nissan are planning to increase production in Mexico, which has drawn Voestalpine's rival ThyssenKrupp to the country.