voestalpine invests EUR 40 million in the growing aerospace segment
Aerospace is a key strategic growth area for voestalpine, and is therefore a high priority in the coming years. Over the medium term the company expects to increase Group revenue in this technologically challenging customer segment from its current level of EUR 300 million to around EUR 500 million. In the next two years voestalpine will invest over EUR 40 million in a new high-tech, high-speed forging line at Group company Böhler Edelstahl GmbH & Co KG in Kapfenberg in order to literally give additional thrust to this growth. The state-of-the-art facility is scheduled to go into operation as early as in 2018, and will primarily be used to manufacture forgings as pre-materials for extremely high load-bearing aircraft components, such as engine parts, or as workpieces for sophisticated products used in the oil & gas industry.