Aerospace is a key strategic growth area for voestalpine, and is therefore a high priority in the coming years. Over the medium term the company expects to increase Group revenue in this technologically challenging customer segment from its current level of EUR 300 million to around EUR 500 million. In the next two years voestalpine will invest over EUR 40 million in a new high-tech, high-speed forging line at Group company Böhler Edelstahl GmbH & Co KG in Kapfenberg in order to literally give additional thrust to this growth. The state-of-the-art facility is scheduled to go into operation as early as in 2018, and will primarily be used to manufacture forgings as pre-materials for extremely high load-bearing aircraft components, such as engine parts, or as workpieces for sophisticated products used in the oil & gas industry.
voestalpine as a technology partner to the automotive industry enters the next stage of its internationalization with continued expansion in the NAFTA region, as well as in Europe and Asia. The deciding factor was an order worth almost USD 600 million in the automotive sector which the Group has recently signed with a premium manufacturer. Over EUR 30 million will now be invested in the construction and extension of sites in Mexico, Germany, Romania, and China in order to fulfil this order, leading to the creation of 165 new jobs. The majority of the investment volume is allocated to Mexico’s booming automotive market where a new components manufacturing plant will be built in Aguascalientes. The automotive parts produced at the new and expanded voestalpine sites in future will be used in the construction of a total of more than a million cars.
The voestalpine group increased its earnings significantly in the second quarter of 2016/17 compared to the first quarter (EBITDA +11.1%, EBIT +20.1%). The main factor was the performance of the Steel Division, which markedly boosted its earnings in the past months due to price increases.