Fabricator of Louvre Abu Dhabi's lattice dome declares insolvency due to the project
Waagner-Biro, the Austrian steel engineering company that built the dome of the Louvre museum in Abu Dhabi, has announced its insolvency and is fighting to save parts of its business by selling off subsidiaries. Austrian press reports say that delays in payment and spiralling costs of the Louvre project were chiefly to blame for the company’s struggles.
Established in 1854 as a locksmith, Waagner-Biro has played a significant role in architectural steel engineering. Some of their high-profile projects include the spiraling roof of the Great Court in the British Museum, the dome of the Reichstag in Berlin, and a stage system for the Sydney Opera House, to name a few.
Justine Testado via Archinect - News http://bit.ly/2SgGNtj
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