voestalpine AG - Press Releases https://www.voestalpine.com/group/en/media/press-releases/rss en en voestalpine <![CDATA[voestalpine: world’s most advanced special steel plant in Kapfenberg begins gradual start-up ]]> Wed, 29 Jun 2022 11:45:00 GMT 2022-06-29T11:45:00Z https://www.voestalpine.com/group/en/media/press-releases/2022-06-29-voestalpine-worlds-most-advanced-special-steel-plant-in-kapfenberg-begins-gradual-start-up/ Around four years after the official groundbreaking ceremony in 2018, construction of the new special steel plant at the voestalpine site in Kapfenberg is now complete. The plant will gradually start operating this summer, with intermittent parallel operations using the existing electric steel mill beginning in the fall. The state-of-the-art facility, which will produce 205,000 tons of special steel for the international aerospace, oil & natural gas, automotive and toolmaking industries annually, represents a technological milestone in terms of digitalization and sustainability for the High Performance Metals Division of the voestalpine Group. 

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<![CDATA[Natural gas supplies for voestalpine in Austria secured for the immediate term ]]> Fri, 24 Jun 2022 11:44:33 GMT 2022-06-24T11:44:33Z https://www.voestalpine.com/group/en/media/press-releases/2022-06-24-natural-gas-supplies-for-voestalpine-in-austria-secured-for-the-immediate-term/ voestalpine in Austria is not affected by the current throttling of gas supplies from Russia via the Nord Stream 1 pipeline in the Baltic Sea. The Austrian production sites are currently receiving most of their required gas volumes via the Transgas pipeline running through Slovakia. The Group is also thoroughly prepared should there be a further reduction or complete stop in gas supplies from Russia. Contracts for alternative supply volumes have already been signed, with voestalpine starting to fill its own gas storage facilities in May.

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<![CDATA[voestalpine delivers first CO<sub>2</sub>-reduced premium steel to customers]]> Mon, 13 Jun 2022 09:23:47 GMT 2022-06-13T09:23:47Z https://www.voestalpine.com/group/en/media/press-releases/2022-06-13-voestalpine-delivers-first-co2-reduced-premium-steel-to-customers/ Demand is growing for high-quality, CO2-reduced steel from voestalpine, and now the first greentec steel Edition coils have left the plant in Linz. Starting at the end of the last calendar year, the steel and technology group now offers all Steel Division flat steel products with a reduced carbon footprint. Examples include electrical steel which is used in wind turbines, and high-tensile steels for lightweight automotive construction.

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<![CDATA[voestalpine records best results in the company’s history]]> Wed, 08 Jun 2022 07:00:00 GMT 2022-06-08T07:00:00Z https://www.voestalpine.com/group/en/media/press-releases/2022-06-08-voestalpine-records-best-results-in-the-companys-history/ <![CDATA[voestalpine researching into hydrogen plasma for green steel production in an international showcase project]]> Wed, 27 Apr 2022 09:54:00 GMT 2022-04-27T09:54:00Z https://www.voestalpine.com/group/en/media/press-releases/2022-04-27-voestalpine-researching-into-hydrogen-plasma-for-green-steel-production-in-an-international-showcase-project/ voestalpine is striving to produce carbon neutral steel by 2050, in accordance with the European climate goals. The global Group is already working hard to develop highly innovative technologies and production processes with “greentec steel”, its ambitious phased plan. As part of the “sustainable steelmaking” (SuSteel) research project, the company will investigate the use of hydrogen plasma in a carbon neutral steel production process, in a new pilot facility at the voestalpine site in Donawitz. voestalpine is currently the world’s only steel manufacturer conducting research into the use of hydrogen plasma in steelmaking.

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<![CDATA[voestalpine Texas: sale of majority stake to ArcelorMittal]]> Thu, 14 Apr 2022 06:29:29 GMT 2022-04-14T06:29:29Z https://www.voestalpine.com/group/en/media/press-releases/2022-04-14-voestalpine-texas-sale-of-majority-stake-in-arcelormittal/ voestalpine has been exploring strategic options for its direct reduction plant in Texas, USA, for the past year, and is now selling 80 percent of its shares ArcelorMittal. The enterprise value for 100% of the shares in voestalpine Texas is approximately EUR 900 million (USD one billion). Taking into account the expected debt development of voestalpine Texas as of today, the transaction will lead to a cash inflow in the amount of the equity value for 80% of the shares in voestalpine Texas of approximately EUR 610 million (approximately USD 680 million) at closing and thus to a significant reduction of the net financial debt of the voestalpine Group. This partnership also secures a long-term agreement for the Group to annually supply 420,000 tons of the hot briquetted iron (HBI) produced at the plant. This provides the basis for further decarbonization of steel production at Linz and Donawitz (greentec steel). In addition, the partnership reduces the high spot market risk for the quantities not required. The HBI plant has an annual production capacity of around two million tons.

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<![CDATA[voestalpine in negotiations to sell majority stake in voestalpine Texas]]> Sun, 10 Apr 2022 20:43:36 GMT 2022-04-10T20:43:36Z https://www.voestalpine.com/group/en/media/press-releases/2022-04-10-voestalpine-in-negotiations-to-sell-majority-stake-in-voestalpine-texas/ <![CDATA[Supervisory Board gives the green light: voestalpine starts construction for climate-friendly steel production in Austria]]> Tue, 22 Mar 2022 17:12:39 GMT 2022-03-22T17:12:39Z https://www.voestalpine.com/group/en/media/press-releases/2022-03-22-supervisory-board-gives-the-green-light-voestalpine-starts-construction-for-climate-friendly-steel-production-in-austria/ In its meeting today, the Supervisory Board of voestalpine AG took the first important decision on its path from the coal-based blast furnace route to steel production using electric arc furnaces powered by green electricity: in summer 2022 the Group will start clearing the necessary construction areas and converting infrastructure at its two sites in Linz and Donawitz. The estimated investment costs during this first phase fall in the low triple-digit million-euro range.

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<![CDATA[Wolfgang Eder is the new Chairman of the Supervisory Board of voestalpine AG ]]> Tue, 22 Mar 2022 17:00:57 GMT 2022-03-22T17:00:57Z https://www.voestalpine.com/group/en/media/press-releases/2022-03-22-wolfgang-eder-is-the-new-chairman-of-the-supervisory-board-of-voestalpine-ag/ The Supervisory Board of voestalpine AG today elected Wolfgang Eder as their new Chairman, to take effect on April 1, 2022, the start of the new business year. Eder succeeds Joachim Lemppenau who steps down after 18 years as Chairman of the supervisory body. Lemppenau will continue to serve the Group as a member of the Supervisory Board until his current term of office officially ends at the 2024 Annual General Meeting.

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<![CDATA[New testing center in Linz: voestalpine global showcase project commences operation]]> Mon, 14 Feb 2022 08:47:00 GMT 2022-02-14T08:47:00Z https://www.voestalpine.com/group/en/media/press-releases/2022-02-14-new-testing-center-in-linz-voestalpine-global-showcase-project-commences-operation/ The voestalpine Steel Division produces high and ultra-high-strength steels at its site in Linz that are used, for instance, in the premium automotive segment where they are required to meet stringent quality standards. Since February, the comprehensive testing and approvals process for cold strip products has been taking place in a newly constructed, state-of-the-art testing center which establishes voestalpine as a global steel industry pioneer when it comes to digitalization, automation, and cutting-edge workflows. This has required an investment of EUR 23 million.

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