German holding company Benteler Steel/Tube has decided to close its plant in Rothrist, Switzerland. The plant specializes in the production of quality welded drawn tubes for the industrial and automotive sectors and employs around 300 people. The company has taken this step as a response to the declining situation on the global welded tube market.

Benteler Steel/Tube has announced that it will close its production site in Rothrist, Switzerland by the end of 2023.  The plant in Rothrist, with around 300 employees, specializes in the production of quality welded drawn tubes for the industrial and automotive sectors. The company has taken this step as a response to the situation on the global welded tube market, which has been tense for some years and is caused by export restrictions due to customs duties, the continued high costs for energy, spare parts, and raw material, as well as the declining demand for powertrain components for vehicles with combustion engines. All these factors have negatively affected the Rothrist plant. 

Also Read: Indian Steel Industry’s Future: Green Steel Mandatory

“We very much regret having to close our plant in Rothrist at the end of 2023. Making this final decision was not easy for us. Many of our employees have been with us for years and have done great work. We would like to express our gratitude once again,” explained Thomas Michels, Chief Operating Officer (COO) at BENTELER Steel/Tube.