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voestalpine focuses on the growing aerospace market

2014-10-24 | 

voestalpine is a strong partner for more than just the automotive industry – the steel-based technology and capital goods group has long made a name for itself in the aerospace segment, where components and materials with the highest quality requirements are needed. At the Red Bull Air Race on October 25 and 26, the fastest motorsport in the world will nominate its world champion directly in front of the voestalpine wing in Spielberg.

The voestalpine wing, the architectural highlight of the Red Bull Ring right next to the start/finishing straights, impressively embodies innovation and technology, and not just in the automotive, but also in the aerospace segment with the Red Bull Air Race. This is where the circle closes for the voestalpine Group, who with its subsidiaries Böhler Schmiedetechnik, Böhler Edelstahl, Böhler Bleche, and Böhler Profil has long been established in the aerospace industry as a leading provider of high-alloyed special steels and titanium and nickel based alloys, and who for years has been a reliable partner for international aircraft manufucturers and their suppliers.

“Böhler materials can be found in all Airbus and Boeing aircraft models. We are proud of the fact that three of our four production companies, Böhler Edelstahl, Böhler Schmiedetechnik, and Böhler Bleche are located in Styria where this weekend the spectacular aerospace presentation Red Bull Air Race will take place. The aerospace industry will thus become an increasingly important economic factor also for Styria,” states Franz Rotter, Member of the Management Board of voestalpine AG and Head of the Special Steel Division.

At the Red Bull Air Race that will take place over the weekend in Spielberg, twelve race pilots will take up the challenge to fly their racing planes at top speeds of up to 370 km/h through a designated course. Only master class pilots can land on the finishing straight next to the voestalpine wing.

Future market: aerospace industry

Overall, aerospace is considered a growth industry. According to the Airbus Global Market Forecast, around 31,400 new aircraft will be delivered by 2033. Today, the Special Steel Division – which includes Böhler within the voestalpine Group – achieves ten percent of its revenue in the aerospace segment, which equals a total of EUR 250 million (business year 2013/14). In the next few years, voestalpine aims to continue to take advantage of the economic potential of the aerospace industry and increase group-wide revenue in this segment from the current three percent in the business year 2013/14 to five percent by 2020. voestalpine materials are used to make components for engines and engine mounts, structural components in the wings, body and tail, parts for the landing gear, doors and windows, and much more.

Special Steel Division

The voestalpine Special Steel Division is focused on technologically sophisticated materials and customer-specific services. It is a global market leader for tool steel and one of the leading providers of high-speed steel and special forgings. The most important customer segments are the automotive, energy (both production and oil/natural gas exploration), and mechanical engineering industries as well as the consumer goods and aerospace industries. In the business year 2013/14, the division reported revenue of more than EUR 2.6 billion, of which around 40% was generated outside of Europe, and an operating result (EBITDA) of EUR 360 million. It has around 12,900 employees worldwide.

The voestalpine Group

The voestalpine Group is a steel-based technology and capital goods group that operates worldwide. With around 500 Group companies and locations in more than 50 countries and on all five continents, the Group has been listed on the Vienna Stock Exchange since 1995. With its top-quality products, the Group is one of the leading partners to the automotive and consumer goods industries in Europe and to the oil and gas industries worldwide. The voestalpine Group is also the world market leader in turnout technology, special rails, tool steel, and special sections. In the business year 2013/14, the voestalpine Group reported revenue of EUR 11.2 billion and an operating result (EBITDA) of EUR 1.4 billion; it had around 48,100 employees worldwide.