Austria's Voestalpine determined to keep its operations in Britain

Austria's Voestalpine determined to keep its operations in Britain
FILE PHOTO: The logo of steelmaker Voestalpine stands in front of the steel plant Donawitz in Leoben, Austria, August 11, 2018. REUTERS/Lisi Niesner/File Photo -
Euronews logo
Text size Aa Aa

VIENNA (Reuters) – Austrian speciality steelmaker Voestalpine <VOES.VI> will continue its operations in Britain no matter how the country’s relationship with the European Union is shaped in the future, its chief executive said on Monday.

“We will definitely remain loyal to Britain,” Wolfgang Eder told journalists in Vienna, when asked whether there were any scenarios under which Voestalpine would withdraw from the Britain in connection with the country’s planned divorce from the bloc.

“The question is, do we stick with what we have there, or do we expand further,” he said.

Voestalpine has 10 locations including four production sites in the country and generates sales of around 300 million euros (268.13 million pounds), or 2 percent of group sales, there.

(Reporting by Kirsti Knolle; Editing by Maria Sheahan)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.