MONTANSTAHL LIKELY TO BUILD ASIA PLANT IN SRI LANKA
June 6th, 2014
Swiss stainless steel shapes maker Montanstahl AG’s first ever plant in Asia is likely to be set up in Sri Lanka, the company has told Steel First. “If the general conditions are satisfactory like industrial site, incentives, electricity supply, then we will invest,” Wolfgang Stumm, vice president who heads research and development in the family-owned business said. “It is likely that they will be met because Sri Lanka is geared for this.” The company is hoping to finalise the location within three months. If the project goes ahead, it is likely to ...
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