At the start of the new reporting period, the voestalpine Group succeeded in maintaining not only the broad economic momentum that it built up in the course of the previous, record business year, but also the performance it achieved in the first quarter of the previous year by generating record revenue of just under EUR 3.5 billion in the first quarter of 2018/19 (April 1 to June 30, 2018). The economic momentum in Europe, China, and North America, which remains strong overall, has not been greatly affected by the increasingly protectionist tendencies in global trade. Yet the Brexit vote has started to have a dampening effect in Europe.
Lighter, stronger, faster. That has held true for 20 years of product innovations at voestalpine Automotive Components Linz GmbH. Today, this company in the Metal Forming Division of the voestalpine Group has 300 employees and generates revenue of EUR 170 million. It is the world’s largest production site and the global leader in the production of laser-welded high-tech blanks for the automotive industry. Demand for lightweight products from Linz is so high that EUR 16 million has recently been invested to expand the site.
Since the official groundbreaking ceremony in April 2018, preparations for the construction of the world’s most advanced special steel plant in Kapfenberg have been progressing rapidly. By awarding the contract for the electric arc furnace, the converter, and the secondary metallurgical systems—which represent the technological core of the plant—voestalpine has taken another important step in realizing the project. The SMS group, based in Düsseldorf, Germany, will be responsible for the engineering, process technology, and start-up of the fully automated melting system, which will begin production in 2021. The key partners for the subsequent process systems, such as the entire casting area, and for the construction of the hall will be commissioned in the next few months.