voestalpine AG - Press Releases http://www.voestalpine.com/group/en/media/press-releases/rss en en voestalpine voestalpine joins Formula E on the starting line for the first time Wed, 05 Dec 2018 09:12:436 GMT 2018-12-05T09:12:436Z http://www.voestalpine.com/group/en/media/press-releases/2018-12-05-voestalpine-joins-formula-e-on-the-starting-line-for-the-first-time/ This coming season marks the start of Austrian technology group voestalpine’s partnership with the ABB FIA Formula E Championship, the emerging and already highly successful fully-electric street racing series. The “voestalpine European Races” will be a completely new race category, offering a separate European ranking within the overall competition for the first time.

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voestalpine continues to expand employee shareholding scheme—increase to 14.85% Mon, 03 Dec 2018 11:12:213 GMT 2018-12-03T11:12:213Z http://www.voestalpine.com/group/en/media/press-releases/2018-12-03-voestalpine-continues-to-expand-employee-shareholding-scheme-increase-to-14-85-percent/ For years the voestalpine employee shareholding scheme has been regarded as exemplary model throughout Europe. Developed in 2000, the scheme allows employees to participate directly in the success of the company via a foundation, at the same time safeguarding the Group’s stable ownership structure. The voestalpine AG Management Board resolved today to increase the company’s registered capital by around 1.25% in order to further expand the employee shareholding scheme. Immediately upon completion of the capital increase, the share of voestalpine Mitarbeiterbeteiligung Privatstiftung will increase to a total of 14.85%.

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voestalpine boosts aerospace business with startup of new high-tech forge in Kapfenberg Fri, 23 Nov 2018 02:11:00 GMT 2018-11-23T02:11:00Z http://www.voestalpine.com/group/en/media/press-releases/2018-11-23-voestalpine-boosts-aerospace-business-with-startup-of-new-high-tech-forge-in-kapfenberg/ By 2021* voestalpine will have invested around half a billion euros in technology development and digital transformation at the site in Kapfenberg. Now three major new facilities have successfully gone into operation. The highlight is a EUR 40 million forging line enabling materials for highly stressed, rotating aircraft turbine components to be manufactured for the first time; it also expands the portfolio of steel grades for the automotive and oil & gas industry. The run-up phases for a production facility for metal powder used in 3D printing and a state-of-the-art chemical laboratory were also completed at almost the same time. Work on constructing the new special steel plant is progressing rapidly.

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voestalpine delivers record revenue in the first half of the business year 2018/19—but earnings are impacted by special effects Wed, 07 Nov 2018 06:11:00 GMT 2018-11-07T06:11:00Z http://www.voestalpine.com/group/en/media/press-releases/2018-11-07-voestalpine-delivers-record-revenue-in-the-first-half-of-the-business-year-2018-19-but-earnings-are-impacted-by-special-effects/ While the economic momentum at the start of the voestalpine Group’s business year 2018/19 was solid, the economic climate began to cloud over a bit in the second quarter, especially in the light of growing trade conflicts worldwide.

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Ad-hoc News: voestalpine with second quarter below market expectation, adjustment of earnings expectations for business year 2018/19 Wed, 24 Oct 2018 10:10:824 GMT 2018-10-24T10:10:824Z http://www.voestalpine.com/group/en/media/press-releases/2018-10-24-adhoc-news-00001/ With an EBITDA of EUR 860.1 million and an EBIT of EUR 479.5 million, the preliminary figures of the voestalpine Group for the first half of the business year 2018/19 are below the expectations of the market. Against this backdrop and due to the fact that the assumption made in the last outlook that the negative earnings effects of the blast furnace repairs (amounting to around EUR 150 million) can largely be offset is unlikely to occur, the Management Board of voestalpine AG today adjusted the outlook for the business year 2018/19 and from today’s point of view expects an EBIT of just under EUR 1 billion.

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Formula E pre-season testing in Valencia – green light for the voestalpine European Races Fri, 19 Oct 2018 03:10:00 GMT 2018-10-19T03:10:00Z http://www.voestalpine.com/group/en/media/press-releases/2018-10-19-formula-e-pre-season-testing-in-valencia-green-light-for-the-voestalpine-european-races/ In early December the world’s first fully-electric international single-seater category in motorsport, the ABB FIA Formula E Championship, starts what is now its fifth racing season and brings groundbreaking innovations for both fans and drivers. In addition to a more efficient race car, more teams, and new circuits during the 2018/19 season the 22 drivers will also be competing in the voestalpine European Races for the first time. This will offer the eleven Formula E teams the opportunity to fight for another prestigious award in a totally new competition category. In the contest to be named winner of the voestalpine European Races, action-packed high-speed manoeuvres are certain to be on the cards during the five European E-Prix in Rome, Paris, Berlin, Monaco and Bern. During the Formula E official pre-season test in Valencia, Spain, from October 16 - 19, the teams will be making their first public debut ahead of preparations for the start of the season.

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voestalpine: Metal Engineering Division reorganized and with expanded Management Board Wed, 10 Oct 2018 09:10:847 GMT 2018-10-10T09:10:847Z http://www.voestalpine.com/group/en/media/press-releases/2018-10-10-voestalpine-metal-engineering-division-reorganized-and-with-expanded-management-board/ It was just a few weeks ago that the Metal Engineering Division of the voestalpine Group bundled its competencies in rails, turnouts, and signaling technology under the Railway Systems brand, positioning itself as a global full-service provider for fully-digital railway lines. Now comes the merger of the other business segments within the division—wire, seamless tubes, and welding technology—under the Industrial Systems brand. As a consequence of this reorganization, the division’s Management Board team, led by Franz Kainersdorfer, has been expanded to include two long-term voestalpine managers: Dieter Fritz, formerly head of the Turnout Systems business segment, and Günter Neureiter, to date Head of Welding Consumables, are moving up to become members of the divisional Management Board. The Metal Engineering Division has its headquarters in Leoben-Donawitz, Austria.

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voestalpine statement: status of exemptions from punitive US tariffs Tue, 09 Oct 2018 07:10:00 GMT 2018-10-09T07:10:00Z http://www.voestalpine.com/group/en/media/press-releases/2018-10-09-voestalpine-statement-status-of-exemptions-from-punitive-us-tariffs/ Over the past days voestalpine has been able to secure an important partial victory with respect to the punitive US tariffs of 25 percent imposed on steel products which came into effect in June. Of a total of 4,300 applications for product tariff exemptions submitted by our Group and our customers, we have currently received replies from the US administration to 2,640 of them. Roughly 2,360 of these replies were positive, while 280 were negative. This is a further significant reduction in the economic risk that these tariffs represent to voestalpine—at maximum around three percent of Group revenue is directly affected.

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voestalpine driving expansion in Asia–new railway infrastructure and automotive plants, expansion of services and additive manufacturing Wed, 03 Oct 2018 08:10:00 GMT 2018-10-03T08:10:00Z http://www.voestalpine.com/group/en/media/press-releases/2018-10-03-voestalpine-driving-expansion-in-asianew-railway-infrastructure-and-automotive-plants-expansion-of-services-and-additive-manufacturing/ voestalpine generated revenue of over one billion euros in the expanding Asian market during the past business year. Revenue in China alone is forecast to rise from its current level of over EUR 550 million to EUR 800 million by 2020. Now the Group is setting two further milestones on its path to achieving this growth: in the railway infrastructure sector an important step in expanding in the booming Chinese urban traffic sector has been taken with the founding of a further joint venture for the production of turnouts. In addition, recently automotive activities have been significantly extended with the startup of the second component plant in China.

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voestalpine successfully finishes repairs to the large blast furnace at the site in Linz Thu, 27 Sep 2018 08:09:655 GMT 2018-09-27T08:09:655Z http://www.voestalpine.com/group/en/media/press-releases/2018-09-27-voestalpine-successfully-finishes-repairs-to-the-large-blast-furnace-at-the-site-in-Linz/ Completing the general renovation of Blast Furnace A has brought the voestalpine Steel Division a further step towards increasing energy and resource efficiency at its steel production site in Linz. After a 111-day period for repairs, the furnace, in which two-thirds of the entire annual pig iron volume of five million tons is produced, today successfully restarted operations. At a total cost of around EUR 180 million, the so-called relining project involved completely replacing the extremely wear-resistant interior lining of the blast furnace, as well as modernizing all other facilities used in operating the blast furnace. At around the same time, interim repairs were carried out on one of the two blast furnaces in Leoben-Donawitz.

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