Here you will find our press releases. Find out about the latest projects, orders, cooperations and other information about voestalpine.
As a leading supplier of high-quality steel components and systems for photovoltaic substructures, the voestalpine Group’s Metal Forming Division is benefiting from the current high demand in the solar industry. The dynamic market development is reflected in orders from around the world. The company is supplying one of Brazil’s largest solar projects with sophisticated steel sections, for example. Furthermore, voestalpine is continuously expanding its production of solar-generated green electricity throughout the Group.
The Management Board of the steel and technology Group regards the current historically low share price as an attractive opportunity to purchase its own shares. As voestalpine announced today, the company plans to buy back a maximum of ten million shares, or up to 5.6% of its share capital. The share buyback program will start on November 10, 2022 and is scheduled to end on July 10, 2023.
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Impairment losses reduce EBIT of the second business quarter.
The Linz Marathon has been a sporting highlight in the Upper Austrian capital for 20 years. When around 10,000 runners take to the starting line for the anniversary event on October 23, voestalpine will also be there as a strong partner. For the first time, the steel and technology group is contributing the two trophies for the overall winners, made from metal powder using a 3D printing process.
voestalpine is successfully driving forward the further expansion of its technology and innovation leadership and has budgeted around EUR 196 million for research and development (R&D) expenditure in the current business year. The steel and technology group claims that R&D projects make a positive contribution to sustainability. Research priorities include the digitalization of production processes, the development of innovative products and the transition to climate-neutral steel production.
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Dr. Joachim Lemppenau, Chairman of the Supervisory Board of voestalpine AG for many years, passed away at the beginning of this week at the age of 81. He was a member of the voestalpine AG Supervisory Board from 1999 until his death, and its Chairman from July 2004 until March 2022. The internationally recognized top manager played a key role in shaping the success story of the steel and technology group over the last two decades. The Supervisory Board, the Management Board, and the Works Council of voestalpine AG are deeply saddened by Dr. Lemppenau's passing. For the employees, he was a figure of identification and a stabilizing factor at the top of the Supervisory Board for almost 20 years.
Today, high-performance materials and sophisticated special forgings from voestalpine are indispensable in the aircraft models of the world’s largest manufacturers. Only recently, the High Performance Metals Division of the voestalpine Group secured not only a contract extension, but also several new and extensive orders for the supply of heavy-duty structural parts from American airplane manufacturer Boeing. In addition, prestigious Munich-based company MTU Aero Engines has commissioned voestalpine to supply highly critical forged parts over the coming years, for installation in a variety of aircraft models including the Airbus A320neo. The total volume of orders to 2030 amounts to around three hundred million euros.
To be able to meet the growing demand for high-quality high-strength steels in the future, in the next few years voestalpine will be investing almost EUR 100 million in the expansion of the hot-dip galvanizing lines at the Linz site. The investment will make it possible to further increase the production quality of zinc-coated and uncoated cold-rolled strip products. Construction work will start in August with hot-dip galvanizing line 4; the technological ramp-up is scheduled for 2025/26. This will allow the site to significantly increase the volume of ultra-high-strength steels.