Here you will find our press releases. Find out about the latest projects, orders, cooperations and other information about voestalpine.
voestalpine has completed the investigation initiated in February 2024 following the discovery of earnings-improving accounting errors at a German company in the Metal Forming Division. The comprehensive investigation by a specialized auditing firm and a German law firm was launched in the aim of identifying the causes and responsibilities for the accounting errors and deriving improvement measures. Now that the results of the investigation are available, it remains clear that all accounting consequences of the accounting errors in the 2023/24 financial statements have been retroactively corrected and fully taken into account, that no outflow of funds took place, and that the initial suspicion against the persons responsible has been proven to be correct.
The Steel Division of the voestalpine Group will be withdrawing from the business of cam units and sliding elements at the Linz site, and will gradually discontinue the business activities of its company voestalpine Camtec GmbH in Linz by the end of the 2025/26 business year (March 31, 2026). Most recently, revenue totaled EUR 12 million (BY 2023/24). The 53 employees affected have the opportunity to transfer to other voestalpine business units in Linz. The employees will be supported individually in their professional reorientation.
voestalpine depends on exceptional training for young professionals as a key success factor for leadership in future global markets. The Group currently offers 1,500 apprentices around the world exciting opportunities in the technology and industrial sector, 1,040 of them in Austria. With the start of the new training year, about 380 young people throughout Austria are beginning their apprenticeship at voestalpine today—about 175 in Upper Austria, about 160 in Styria, and about 45 in Lower Austria. This makes voestalpine one of the largest apprentice trainers in the country.
With its high-tech special tubes and sections, the voestalpine Group is an important partner for demanding customer segments such as the global construction, solar and automotive industries. Only recently, the Metal Forming Division of voestalpine signed new long-term contracts in this product area with two global truck manufacturers for the North American market. For this, the globally leading steel and technology group is expanding its production capacity at its existing site in Indiana, USA. The investment for the expansion amounts to EUR 70 million (USD 78 million) and will create 110 new jobs.
voestalpine Railway Systems, the world's leading supplier of complete railroad infrastructure systems, supplies premium rails, high-speed turnouts and signaling technology to major international projects. voestalpine, which has already equipped numerous world cities with high-tech railroad infrastructure, is currently playing a key role in the modernization of the Vienna streetcar and subway network as the main supplier to Wiener Linien. This year and next year alone, around 20 kilometers of heavy-duty rails will be produced at the voestalpine site in Donawitz for the renewal and an additional 16 kilometers for the construction of three new streetcar lines, with the turnouts coming from Zeltweg.
Following the successful premiere of the voestalpine cares run last year, this year’s worldwide movement initiative was another resounding success. Under the motto “moving together and doing good,” voestalpine employees ran, walked, hiked, handcycled, and wheelchaired through the three-month campaign. Along the way, they used an app to collect digital points known as “cares,” which voestalpine then converted into donations for charitable causes. The total donation of 700,000 euros generated by the voestalpine cares run have now been handed over to Doctors Without Borders, Hilfswerk International, the Austrian Red Cross, and UNICEF for selected national and international aid projects.
The ultra-modern high bay warehousing systems from the voestalpine Group’s Metal Forming Division, made from highly sophisticated steel sections, are in demand worldwide. The company is currently implementing projects, among others, for Danish retail chain JYSK and South Korean tire manufacturer Nexen Tire Corporation. For Nexen Tire, voestalpine is building the tallest high bay warehouse in the Group’s history—50 meters—in the Czech Republic. The project is slated for completion in 2025. At the same time, voestalpine is pressing ahead with the ongoing expansion of production capacity in its Warehouse & Rack Solutions business unit, and recently opened a new production facility in the USA for the American market.
At the 32nd Annual General Meeting today, a dividend of EUR 0.70 per share was agreed for the business year 2023/24 in accordance with the proposal of the Management Board and Supervisory Board. The payment of the dividend will be made starting July 16, 2024 (ex-dividend day: July 11, 2024). The new election of the Supervisory Board was also on the agenda at the Linz Design Center. All of the shareholder representatives (currently seven) on voestalpine AG’s highest governance body were re-elected. One new member was elected to the Supervisory Board: Martin Hetzer, Ph.D., President of the Institute of Science and Technology Austria (ISTA) in Klosterneuburg. Wolfgang Eder was re-elected as Chairman of the Supervisory Board at the subsequent constituent meeting.
With greentec steel, voestalpine has developed a clear plan to transform its steel production. Now, with the launch of the Green Financing Framework, the steel and technology Group has laid the foundation for the issuance of green bonds and other green financing instruments. As the first European steel company to publish its Green Financing Framework, voestalpine has once again confirmed that it sets the environmental benchmark in its industry.