[ noun ] a collection of Zoroastrian texts gathered during the 4th or 6th centuries <noun.communication>
Avesta \A*ves"ta\, n. The Zoroastrian scriptures; the sacred text of Zoroastrianism. See {Zend-Avesta}.
'We are analysing the alternative of producing steel for other companies.' Avesta Sheffield's largest melting shop, employing nearly 300, is in Sheffield, and is thought likely to be retained by the company.
In September, British Steel raised its stake in Avesta from 40 to 49.9 per cent. British Steel could easily make Pounds 650m in 1995-96 and Pounds 900m in the following year, says Mr Fraser at James Capel.
Avesta Sheffield, the Swedish-British stainless steel maker, yesterday announced a swing to profits of SKr431m (Dollars 57.1m) after financial items in the first six months, from a loss of SKr21m in the same period last year.
Avesta plans to restructure the operation to return it to profit by 1996.