With its figures for the first quarter of the business year 2017/18 (April 1 to June 30, 2017) the voestalpine Group once again demonstrates its unique position in both the European and international industry. The exceptional growth in revenue and earnings, both compared to the first quarter of the past business year and with the immediate quarter preceding, underscores more than ever the value of the consistent strategic orientation towards leading technologies and quality coupled with permanent international expansion which has been followed over the past years.
After the successful start of the voestalpine Additive Manufacturing Center in Düsseldorf, Germany, this past year, the voestalpine Group’s High Performance Metals Division consistently continues its international expansion of this pioneering technology. In April 2017, a new research center for 3D printing of highly complex metal components started up operations in Singapore. Two more production plants will open up in Taiwan and Canada in August and the fall. At the same time, voestalpine is investing some EUR 20 million in expanding metal powder production for additive manufacturing at its subsidiaries Böhler Edelstahl GmbH & Co KG, Austria, and Uddeholms AB, Sweden. In total, the implementation of the additive manufacturing strategy runs to around EUR 50 million.
In line with its strategic focus on customer segments with highest technology requirements, the voestalpine Group has decided to invest more than EUR 100 million in two future-oriented projects at its Donawitz site in Austria. One of the projects is to set up a new continuous casting line for producing extremely pure steels as a sophisticated pre-material for premium rails, quality rolled wire, and high-tech seamless tubes. The highly automated production line with an annual capacity of up to 950,000 tons is scheduled to start up operation in 2019. The second project is to set up a completely new research center on company grounds that is dedicated to developing even lighter, more corrosion-resistant, and stronger steel grades.