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14 Mar
16:36

Voestalpine to sell German special steel unit

Voestalpine’s management has decided to change the planned strategic repositioning of Buderus Edelstahl into the sale of the subsidiary. It says it is doing this in reaction to the economic conditions for industrial manufacturing companies in Germany. Buderus is part of voestalpine’s High Performance Metals division. Following its divestment, the division will concentrate its product portfolio on the high-tech segment of special materials, and reduce t…
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