Wartsila Corporation's Imatra Steel to sell Billnas Spring Works to Styria Group.(Brief Article)

Nordic Business Report | June 16, 2003 | Copyright

NORDIC BUSINESS REPORT-16 June 2003-Wartsila Corporation's Imatra Steel to sell Billnas Spring Works to Styria Group(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com

The Finnish engineering group Wartsila Corporation said on Monday (16 June) that it had agreed to sell Billnas Spring Works, part of the wholly-owned subsidiary Imatra Steel, to the Austrian industrial holding company Frauenthal Holding AG.

The sales price was not disclosed.

Billnas Spring Works has 118 employees and reported net sales of EUR13.7m in 2002.

After the ...

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