voestalpine profits from economic upswing in China and expands capacities
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.