voestalpine Metal Forming to become the fourth Group division
With today’s resolution on the structure and organization of the new division, the final preconditions for its successful start on April 1, 2012, the beginning of the voestalpine Group’s 2012/13 business year, have been met. As a result, the Group’s competencies will be concentrated into four similarly sized divisions. Amalgamation of the two divisions generates a series of advantages: There had already been close cooperation in the field of research and development. From the customer standpoint, and especially for customers in the automotive industry and energy sector, there has been an increasing overlap in the past years, leading to very complementary sets of competencies. Wolfgang Eder, Chairman of the Management Board, expects this concentration of strengths to lead to significant impulses for continued growth, as well as new business opportunities and markets. “Right from the start, the new division will be active globally. And with Herbert Eibensteiner we have an experienced manager from within our own ranks at the top.” The signs are promising.
Thanks to new materials such as phs-ultraform, we have succeeded in manufacturing components which are unmatched globally. And this is only just the beginning of our developments in subsequent processing
Absolutely unique global position
New Management Board member Herbert Eibensteiner outlines the plans in more detail. “Over the next two years we will be growing new automotive activities in China, the USA and South Africa, thanks to orders from renowned automobile manufacturers. We are currently involved in a wide range of talks and have already succeeding in landing a major long-term contract in January.” During the 2012/11 business year the new division would have recorded a joint revenue of around EUR 2.2 billion, its EBIT margin would have been 8.4%. The headquarters of the Metal Forming Division is in Krems and the division starts with over 10,000 employees. The management positions have been filled from within our own ranks, all former employees of the two previous divisions continue to be employed by the Group.
voestalpine Metal Forming forces the pace of globalization
The new division is organized into five business segments: Tubes & Sections is a worldwide leading manufacturer of high quality and innovative tubes, profiles and steel precision tube products. Automotive Body Parts is a direct supplier of high quality, innovative body panels to the automotive industry. Cold-rolled stainless steel strips with a high degree of dimensional stability and excellent surface qualities remain grouped together under Precision Strip, and demanding product solutions in the high-bay racking systems and storage rack segment under Material Handling. Flamco produces high-quality components for heating and water installations with a market focused on the Benelux countries.
voestalpine is a step further on the path to becoming a global player
The clear strategic focus on the latest technologies and products of the highest levels of quality, together with a value chain which is longer and more comprehensive than all those of our competitors, will also be consistently maintained over the coming years. “When based in a high-cost economic area such as the EU, this is the long-term guarantee of success and survival, for one cannot perpetually remain globally competitive with mass products and commodities,” explains Wolfgang Eder. Therefore, in the coming years the Group will drive forward expansion of its research and development capacities, and position itself even more clearly as a global technology leader in high quality growth segments, especially mobility and energy.
Head of Group Communications & Spokesman