voestalpine direct reduction plant in Texas starts plant tests
Construction of the voestalpine direct reduction plant in Corpus Christi, Texas, which is the largest foreign investment made by the Group or an Austrian company in the USA to date, is reaching its final stages. The last phase of plant assembly, including implementation of the process and control engineering, is taking place in parallel with test runs on selected equipment and systems. From today’s perspective, it can therefore be expected that the plant will go into operation largely as planned during summer 2016. From the beginning of the next business year the new plant will produce two million tonnes of high quality HBI (hot briquetted iron, or “sponge iron”) annually, a sophisticated pre-material for steel production. This represents another important step in voestalpine’s expansion in the NAFTA region. The voestalpine Group already has 64 sites and around 3,000 employees in the region and generated revenue of around EUR 1 billion during the past business year.