Voestalpine is examining whether to build a new stainless steel plant in Austria for up to 300 million euros ($336 million), the group's chief executive said on Thursday.

A final decision about a new plant in Kapfenberg in the southern province of Styria will be made within the next 12-18 months, Chief Executive Wolfgang Eder said in a conference call.

"The decision depends on the European climate protection and energy legislation and on whether we can count on stable conditions in the long term," he said.

Source : reuters.com