Voestalpine strengthens railway unit with buys in France, China, Argentina

VIENNA (Reuters) - Austrian specialty steelmaker Voestalpine said on Monday it had bought a railway switch plant in France and stakes in companies in China and Argentina to strengthen its production capacity in the railway business.With the acquisition of the French switch plant SEI.L (Societe d'Equipement Industriel.Lietaert) Voestalpine is positioning itself for orders from railway operator SNCF, which is expected make significant infrastructure investments in coming years, it said...