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A year ago, the Supervisory Board of voestalpine AG gave the green light to conduct the preliminary work for climate friendly steel production in Austria. This is now at an advanced stage. Now the next approval stage has been reached. An investment of around 1.5 billion euros is being made into constructing one electric arc furnace at each of the two sites, Linz and Donawitz. As part of its “greentec steel” plan, the plant and supplier decision will be made in 2023, construction will start in 2024, and commissioning of the two units will take place in 2027. This will allow the Group to reduce its CO2 emissions by up to 30 percent from 2027. The exact start of implementation depends on clarifying unresolved funding issues in Austria.
voestalpine Railway Systems are the global leading supplier of complete railway systems, offering everything from the “hardware” (rails, turnouts, mountings, and sleepers) through to the digital monitoring of rail tracks and trains from a single source. Now the voestalpine Group subsidiary has secured its largest ever order worth around EUR 237 million (approx. GBP 210 million) for the design, supply, and servicing of turnouts, drives, and rail expansion joints including diagnostic systems for Great Britain’s new High Speed 2 rail network. voestalpine is also supplying other major projects worldwide with premium rails, high-speed turnouts, and signaling technology. In total, the order volumes amount to around EUR 600 million.
In light of the increasing lack of skilled labor, the USA and Austria are intensifying their cooperation and exchanges in the field of dual education. It is for this reason that US Secretary of Labor, Marty Walsh, was a guest today at voestalpine in Linz. He came to view the steel and technology Group’s state-of-the-art training center where around 400 apprentices are currently undergoing training.