Today Prime Minister Stefan Löfven visited voestalpine company Uddeholms AB at its headquarters in Hagfors, in southern Sweden. The company is the global market leader in the production of special steels for industrial tool manufacturers. With 850 employees, revenue of EUR 250 million in the business year 2015/16, and an export rate of 94 percent, Uddeholms AB is an important economic factor in the region. Major investment projects will be realized in the coming years, and include the manufacture of metal powder for 3D printing.
Due to their successful partnership, the voestalpine Group and Montanuniversität Leoben are major drivers of research and development in Austria. At the second voestalpine student evening held at the Montanuniversität Leoben on March 6, future graduates were given the opportunity to see for themselves the innovative power of the global technology and capital goods group. Around 400 students took the opportunity to find out more about voestalpine, exploring potential career opportunities, and meeting members of the Management Board in person.
With the opening of the world’s first phs-directform facility in Schwäbisch Gmünd, Germany, in July 2016, the voestalpine Group took a technological leap forward in lightweight automotive construction. A European premium automobile manufacturer is now also relying on this innovative production process for manufacturing of ultra high-strength body-in-white parts in a single step, with an order worth EUR 250 million. voestalpine will again be investing EUR 13 million in expanding the site in Baden-Württemberg by summer 2017 in order to handle this major order, not only creating 40 new jobs but also continuing to drive its expansion in the automotive sector. Today marks the groundbreaking ceremony for the new project.
The global economic environment during the first nine months of the business year 2016/17 (April 1 to December 31, 2016) was inconsistent. The first three quarters were marked by moderate growth trends in Europe, continuing volatility with a recent increase in economic expectations due to announcements from the new president in the USA, stable growth in China as well as a weakening recession in Brazil. Among voestalpine’s main customer segments, the automotive industry demonstrated ongoing high demand and the consumer goods segment enjoyed a solid recovery. At the same time, the railway infrastructure sector recorded slight declines and the energy sector showed continued signs of weakness not only in Europe.
The European Commission has awarded the H2FUTURE project consortium, consisting of voestalpine, Siemens, VERBUND and Austrian Power Grid (APG) as well as the research-partners K1-MET and ECN, the contract for the construction of one of the world’s largest electrolysis plants for producing green hydrogen. The project-partners will work and research cooperatively on implementing an innovative hydrogen demonstration plant at the voestalpine site in Linz.
In view of a report published today in a regional Austrian newspaper about the status of the HBI project in Corpus Christi, Texas—which is based exclusively on rumors, assumptions, and deliberate disinformation—voestalpine feels compelled to issue the following clarifications.