90 million euros revamp for Plansee's hardmetal core

摘要

AUSTRIAN hardmetals and refractory specialist Plansee i to invest ?990 million in the next fiscal year to secure the future development of the its Reutte headquarters site. The aim is to increase production capacities to assure com-petitiveness and support the group's further market development. A major investment i a new hot rolling mill for sheets made of refractory me als. Around ?55 million has been spent in the current yea "Worldwide increasing demand for our products requires capital expenditure programmes over the entire value chain and in all companies that are located at Breitenwang/Reutte including Plansee SE, Plansee Metall GmbH und Ceratizit Austria GmbH," said Michael Schwarzkopf, chairman of the executive board of the Plansee Group.