voestalpine secures major orders for renowned truck manufacturers and is expanding its production capacities in Indiana, USA

2024-08-19 |

With its high-tech special tubes and sections, the voestalpine Group is an important partner for demanding customer segments such as the global construction, solar and automotive industries. Only recently, the Metal Forming Division of voestalpine signed new long-term contracts in this product area with two global truck manufacturers for the North American market. For this, the globally leading steel and technology group is expanding its production capacity at its existing site in Indiana, USA. The investment for the expansion amounts to EUR 70 million (USD 78 million) and will create 110 new jobs.

voestalpine is expanding its existing site in Jeffersonville, Indiana, by around 15,000 square meters of production space in order to ensure the necessary production capacity for the manufacture of high-quality structural components for Class 6, 7, and 8 trucks. Production capacity will be doubled to 80,000 tons, with production scheduled to start in 2026.

In Europe, voestalpine has been a leading player in rollforming complex special tubes and sections for the commercial vehicle sector for many years. We will now transfer this production know-how to the North American market and therefore further invest in our existing rollforming facilities. The current major orders provide the basis for this expansion and show the high level of trust our customers continue to place in voestalpine’s technologies.

Herbert Eibensteiner, CEO of voestalpine AG

Investment creates new jobs

In addition to the new hall, the EUR 70 million (USD 78 million) investment also includes the purchase of new equipment and will create 110 new jobs.

With this investment, we are expanding our global manufacturing network and can produce in the highest quality near our customers. We are thus successfully continuing our follow-the-customer principle on strategically important markets.

Carola Richter, Member of the Management Board of voestalpine AG and Head of the Metal Forming Division

Just recently, voestalpine also opened a new production hall in Shelbyville, Kentucky, which also specializes in the manufacture of customized tube and section components.

Metal Forming Division

The Metal Forming Division is voestalpine’s center of competence for highly refined sections, tubes and precision strip steel products as well as for ready-to-install system components made of pressed, stamped and roll-formed parts. This combination of expertise in materials and processing, which is unique in the industry, and the division’s global presence make it the first choice for customers who value innovation and quality across many industries including automotive, storage technology, road safety, renewable energy, construction, and mechanical engineering. The division employs almost 11,600 people and has set itself the goal of achieving climate-neutral manufacturing by 2035. In the business year 2023/24, the division generated revenue of EUR 3.4 billion, with an operating result (EBITDA) of EUR 301 million.

The voestalpine Group

voestalpine is a globally leading steel and technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. The voestalpine Group has been listed on the Vienna Stock Exchange since 1995. With its premium products and system solutions, voestalpine is a leading partner to the automotive and consumer goods industries, as well as to the aerospace and energy industries. The company is also the global market leader in railway systems, tool steel, and special sections. voestalpine is committed to the global climate goals and has a clear plan for transforming steel production with its greentec steel program. In the business year 2023/24, the Group generated revenue of EUR 16.7 billion, with an operating result (EBITDA) of EUR 1.7 billion; it has around 51,600 employees worldwide.