Facts on the results of the 1st Quarter 2014/15
voestalpine in South East Asia
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“Despite ongoing inconsistent economic trends in the most important economic regions worldwide, the voestalpine Group’s results in the first quarter of the business year 2014/15 continued to be solid,” says Wolfgang Eder, CEO and Chairman of the Management Board of voestalpine AG.
The 2020 voestalpine Group strategy is characterized by strong internationalization efforts focusing on increased growth in both North America and Asia. voestalpine currently operates 64 companies and locations in Asia with a total of 3,600 employees (including joint ventures). Six percent of the most recent corporate sales were achieved in Asia, corresponding to roughly 700 million euros.
9 October 2014
voestalpine AG has successfully placed a EUR 400 million corporate bond in the capital market. The bond is intended in part for refinancing Hybrid Bond 2007, which the company called on 9 September 2014, effective 31 October 2014, and for general funding purposes.
6 October 2014
Wolfgang Eder, Chairman of the Management Board of the voestalpine Group, today became the first Austrian Chairman of worldsteel at the World Steel Association’s Annual General Meeting. For one year he will lead one of the world’s largest steel industry associations, with around 170 association members representing 85% of world steel production.
1 October 2014
After enlarging the voestalpine AG Management Board and reducing the average age of its members, the Group is now completing its generational transfer with new first management level appointments to key functions.
1 October 2014
Steel-based technology and capital goods Group voestalpine has signed an agreement (‘Signing’) with the Polytec Group for the takeover of voestalpine Polynorm Van Niftrik and voestalpine Polynorm Plastics (Plastics Solutions business unit) by Polytec Netherlands Holding B.V. The decisive factor behind this sale is the company’s rapidly increasing strategic divergence from voestalpine’s core business. The selling process is scheduled for completion by the beginning of November 2014 (‘Closing’).
29 September 2014
In order to meet the demands of the Group’s consistent internationalization process and rapid growth, voestalpine AG is expanding its Management Board from five to six members as of October 1, 2014.
Head of Corporate Communications