voestalpine AG

euro adhoc: voestalpine AG
Strategic management decisions
voestalpine postpones decision about new steel plant at the Black Sea

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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.

end of announcement                               euro adhoc

Further inquiry note:

DI Peter Fleischer
Head of Investor Relations
Tel.: +43/50304/15-9949
Fax: +43/50304/55-5581

Branche: Metal Goods & Engineering
ISIN: AT0000937503
WKN: 897200
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official market

Original-Content von: voestalpine AG, übermittelt durch news aktuell

Weitere Meldungen: voestalpine AG

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