voestalpine plans to sell Buderus Edelstahl and reorganizes Automotive Components business in Germany resulting in one-off write-downs of around EUR 410 million
The Management Board of voestalpine AG is reacting to the changed economic conditions for industrial manufacturing companies and is reorganizing production sites in Germany. This step is a consistent implementation of voestalpine Group's strategy of focusing the materials business on the highest quality spectrum and expanding the downstream business in promising global segments.