In line with its strategic focus on customer segments with highest technology requirements, the voestalpine Group has decided to invest more than EUR 100 million in two future-oriented projects at its Donawitz site in Austria. One of the projects is to set up a new continuous casting line for producing extremely pure steels as a sophisticated pre-material for premium rails, quality rolled wire, and high-tech seamless tubes. The highly automated production line with an annual capacity of up to 950,000 tons is scheduled to start up operation in 2019. The second project is to set up a completely new research center on company grounds that is dedicated to developing even lighter, more corrosion-resistant, and stronger steel grades.
voestalpine AG’s annual financial statements for 2016/17 once again confirm the Group’s strong appeal to its shareholders as a profitable investment. At today’s 25th Annual General Meeting, a dividend of EUR 1.10 per dividend-bearing share was resolved for the business year 2016/17. The shareholders thus approved the corresponding proposal by the Management Board and the Supervisory Board. After EUR 1.05 in the previous year, this year’s dividend corresponds to a further increase of 4.8%. The company is therefore paying out a higher dividend to its shareholders for the fifth year in a row. The dividend will be transferred from July 17, 2017 (ex-dividend date: July 13, 2017).
voestalpine Sadef N.V. is a leading global supplier of high-quality steel sections for sophisticated applications in the mobility and energy sectors. Part of the technology and capital goods Group voestalpine since 1991, today the company in Hooglede-Gits, Belgium, celebrates its 70th anniversary. With 600 employees, a revenue of around EUR 200 million annually, and an export rate of 80%, voestalpine Sadef N.V. is an important economic factor for the region.