This coming season marks the start of Austrian technology group voestalpine’s partnership with the ABB FIA Formula E Championship, the emerging and already highly successful fully-electric street racing series. The “voestalpine European Races” will be a completely new race category, offering a separate European ranking within the overall competition for the first time.
For years the voestalpine employee shareholding scheme has been regarded as exemplary model throughout Europe. Developed in 2000, the scheme allows employees to participate directly in the success of the company via a foundation, at the same time safeguarding the Group’s stable ownership structure. The voestalpine AG Management Board resolved today to increase the company’s registered capital by around 1.25% in order to further expand the employee shareholding scheme. Immediately upon completion of the capital increase, the share of voestalpine Mitarbeiterbeteiligung Privatstiftung will increase to a total of 14.85%.
By 2021* voestalpine will have invested around half a billion euros in technology development and digital transformation at the site in Kapfenberg. Now three major new facilities have successfully gone into operation. The highlight is a EUR 40 million forging line enabling materials for highly stressed, rotating aircraft turbine components to be manufactured for the first time; it also expands the portfolio of steel grades for the automotive and oil & gas industry. The run-up phases for a production facility for metal powder used in 3D printing and a state-of-the-art chemical laboratory were also completed at almost the same time. Work on constructing the new special steel plant is progressing rapidly.