Formula Evoestalpine to be main sponsor of European Formula E racing
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voestalpine and Automotive
The future-oriented mobility sector is a key driver of innovation and an international growth area for the technology and capital goods group voestalpine. With its materials and processing competence, the Group is an important strategic partner to the premium automotive industry. voestalpine is also a leading supplier of forged parts to the aerospace industry, and a global market leader in turnout technology and special rails. During the business year 2016/17 the voestalpine Group generated revenue of almost EUR 5.6 billion in the mobility sector, which represents 49% of total Group revenue. This revenue share should rise to 50% by 2020.