voestalpine delivers positive result and higher liquidity in the business year 2020/21 despite the crisisPress Kit zip | 22.86 MB
Press Kit zip | 71.43 MB
China has managed the coronavirus-induced 2020 economic crisis faster than any other country, and is already back on a path to growth. Beneficiaries of this recovery include the international voestalpine Group, with its 40 sites and 3,000 employees in the country. Growing demand in the premium segment of the automotive industry in particular is ensuring good capacity utilization, and voestalpine is responding quickly by expanding capacity. New high-tech products for railway infrastructure as well as welding consumables are also increasingly filling the order books. Furthermore, the steel and technology Group recently continued the rollout of its pioneering 3D-printing process with metal powder by opening two new Chinese sites.
voestalpine reports further recovery in key business segments during the third quarter of the business year 2020/21Press Kit zip | 24.47 MB
In response to the current level of orders in the long steel sector, voestalpine is now once again operating two blast furnaces at the site in Donawitz. One of the two furnaces, which has an annual pig iron production capacity of around 750,000 tons and underwent scheduled interim repairs during summer 2020, was restarted in order to meet the growth in demand. The Metal Engineering Division of the voestalpine Group produces high-quality steel products in Donawitz which are then processed into special rails, high-quality wire rod, and extremely high load-bearing OCTG by the Group’s Styrian subsidiaries.