25 percent on steel and aluminum imports for the United States: this is how the rates prescribed by President Donald Trump, who could put European industry into trouble. CEO Herbert Eibensteiner recently revealed how the Voltalpine deals with the subject of trade barriers. Handy: the steel giant from Linz (Upper Austria) also produces directly in the US.
“For us, the US is a very important market,” Herbert Eibensteiner confirmed a few weeks ago when Donald Trump’s customs announcement over steel and aluminum was only a few hours old.
From Wednesday 12 March, the measures that are forced by the new US president must be a reality, whether this will also arrive and then 25 percent inches will be opened for import to the United States, you cannot ultimately say exactly. The fact is: “We deliver many high -quality products, some of which are not available on the American market. We have a very good market position here, “says Eibensteiner,” from the perspective of the foot salpin, these rates are managers. “
“We see the escalation of the trade wars critical because they are inflation-life and probably also have a growth-serving effect. The rates imposed on steel and aluminum will certainly lead to further weakening of the competitiveness of European industry, ”the manager of the steel and technology group in Linz is convinced.
Even if you employ 23,600 employees in Austria and, according to your self -explanation in the Alpine Republic, 1.25 percent of tax revenues ensure and the money has invested 5.6 billion euros in the last ten years, more and more applies to the establishment of productions and Co. outside the national borders. “In our strategy we are laid down that we want to deliver locally for local”. The subject of trade barriers is nothing new for the foot alpine, nothing new for internationally active companies. Where it makes sense, we will invest locally and also produce fully locally, “says Eibensteiner.
3000 employees in the US.
In the United States, Voltalpine has 49 locations on which it employs around 3000 employees: “We have expanded the local added value there in recent years, which of course significantly reduces customs risk.” The production and sales capacities for the American market on the subject High-Bay Warehouse from the Czech Republic have been moved to Louisville.
Other examples of “local for local”? In the field of welding technology, three million euros in India have been invested in the expansion of production in recent years. The production of fixed wire must also be made there. A local production of high speed switches is set up in Cairo. The railway system offers around 260 soft, including maintenance software for the first Egyptian high -speed route called “Green Line”.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
