Here you will find our press releases. Find out about the latest projects, orders, cooperations and other information about voestalpine.
Here you will find our press releases. Find out about the latest projects, orders, cooperations and other information about voestalpine.
voestalpine AG is seeing the first fruits of its strategy launched in December 2012 for the period up to 2020. The Group’s development, based on innovation-driven differentiation in demanding customer industries and accelerated internationalization in markets outside Europe, is progressing according to plan. Profitability targets remain consistently as planned. The only modification to the core targets is the revenue figures, with the original target of EUR 20 billion in 2020 no longer being realistic in view of the continuing critical global economic framework conditions. According to current planning and assuming an average annual growth rate of five percent, revenue should amount to EUR 15 billion.
voestalpine is aware of the proceedings of the German Federal Cartel Office that became known today due to searches at competitors of voestalpine.
In the first half of the business year 2015/16 (April 1 to September 30), the voestalpine Group continued its successful performance despite an economic environment that – viewed globally – is inconsistent. In a year-to-year comparison, it increased its revenue by 4.1% from EUR 5.6 billion to EUR 5.8 billion.
The voestalpine Group is once again driving forward its activities in North America. voestalpine Precision Strip GmbH, a company in the Metal Forming Division, is acquiring the Wickeder Steel Company, based in Pleasant Prairie, Wisconsin (US). The enterprise has a staff of 50 employees and generated revenue of around EUR 13 million in 2014. This acquisition strengthens the voestalpine product portfolio of hardened special steel strip for sophisticated applications such as band saw blades for the food industry.
It is a further step in voestalpine AG’s consistent strategy of internationalization: Today in Shenyang (China) a new plant in the Metal Forming Division was opened which will produce ultra-high strength body-in-white parts for premium automotive customers. A total of around EUR 25 million has been invested (to date) in constructing the plant which will employ a staff of around 70 during the first phase. Further expansion phases are already planned.
Wolfgang Eder, Chairman of the Management Board of voestalpine AG, will remain Chairman of the World Steel Association (worldsteel) for another year until October 2016. This was announced today in Chicago during the annual conference of the second largest industry association worldwide, which has around 170 association members, representing 85% of global steel production. This is the first time that an incumbent chairman of the organization is reelected.
On October 9, 2015, the voestalpine Group will celebrate 20 years since its IPO. The first listing of voestalpine shares on the Vienna Stock Exchange in the fall of 1995 marked the start of the Group’s privatization and economic advancement, from a ‘traditional’, nationalized steel producer, to an internationally successful, steel-based technology and capital goods group. Today the Group has almost 50,000 employees worldwide – more than three times as many as in 1995. A special exhibition held at the voestalpine Stahlwelt in Linz entitled “20 years on the stock exchange” highlights the key milestones in this development.
Energy-intensive companies are steadily moving out of Germany and Austria. This is the conclusion of a current study by the German Handelsblatt Research Institute, undertaken on behalf of the Federation of Austrian Industries (IV) and voestalpine AG. According to the study, energy-intensive industries are directly investing more abroad whilst letting their capital stock shrink at home.
In light of the refugee crisis in Europe, voestalpine AG is providing immediate support for specific projects run by the Caritas Austria and Doctors Without Borders aid organizations. Half of the total EUR 1.5 million donation will go directly to aid projects in the crisis regions and the other half will support projects in Austria. Within its own companies, voestalpine also plans to create additional training positions for refugees. The group of companies considers this a part of its social responsibility and particularly wants to offer prospects for the future to young people who are far from their homes.
The voestalpine Group has secured another major contract in the pipeline segment of today’s highly competitive energy sector. voestalpine Grobblech GmbH, a company in the Group’s Steel Division, will deliver 95,000 tons of premium linepipe plates for the IGD-E natural gas project in Abu Dhabi, in the United Arab Emirates. Through to spring 2016, this business deal ensures excellent capacity utilization in Linz, Austria, where this leading provider of sophisticated linepipe plates is based.