According to a report published in Trend magazine Voestalpine AG, a company based in Austria is working on a plan. The plan is regarding a plant worth $1 billion plant in the United States. This plant will convert iron ore into concentrate, which will be used in steel-making.
After the news has been released and published on Monday. After several telephone calls and emails, the company refused to make any comments regarding the report. According to the report published the company has chosen a coastal city in the southern part of the United Stated to be ideal for the plant set-up. The reason for zeroing down a coastal city is a cheap and reliable supply of natural gas in abundance. Besides this, the company will even enjoy political stability as well as other important facilities important for efficient port infrastructure.
A source very close to this plan revealed on condition of anonymity that such a plan was previously under consideration by the company, but as of now nothing has been decided.
Wolfgang Eder, who is the Chief Executive at Voestalpine AG has been making constant efforts for foreign expansion of the company. He revealed about the increasing political pressure in Europe for the closure of the plant.
According to a report published in Trend magazine Voestalpine AG, a company based in Austria is working on a plan. The plan is regarding a plant worth $1 billion plant in the United States. This plant will convert iron ore into concentrate, which will be used in steel-making.
After the news has been released and published on Monday. After several telephone calls and emails, the company refused to make any comments regarding the report. According to the report published the company has chosen a coastal city in the southern part of the United Stated to be ideal for the plant set-up. The reason for zeroing down a coastal city is a cheap and reliable supply of natural gas in abundance. Besides this, the company will even enjoy political stability as well as other important facilities important for efficient port infrastructure.
A source very close to this plan revealed on condition of anonymity that such a plan was previously under consideration by the company, but as of now nothing has been decided.
Wolfgang Eder, who is the Chief Executive at Voestalpine AG has been making constant efforts for foreign expansion of the company. He revealed about the increasing political pressure in Europe for the closure of the plant.
