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Closing sale Buderus Edelstahl

The acquisition of the German subsidiary Buderus Edelstahl to Mutares SE & Co. KGaA has been completed. The parties have agreed not to disclose the purchase price. The economic closing date of the transaction is January 31, 2025.

With the sale of Buderus Edelstahl, the High Performance Metals Division of voestalpine is concentrating its product portfolio on the technologically demanding high performance materials segment, while simultaneously reducing its share of standardized tool steel and high-grade engineering steel production, the price of which is coming under increasing pressure due to greater competition from outside Europe.

The voestalpine Group in Austria

We are voestalpine - the world's leading steel and technology group with combined materials and processing expertise. With our product and system solutions, we are a leading partner to the automotive, household appliance, aerospace and energy industries and are the global market leader in railroad infrastructure systems, tool steel and special sections.

As a leading international company, we are an essential part of our country's industrial production and value creation.

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Our path to a green future

greentec steel is an ambitious plan with which we can make a valuable contribution to achieving the climate goals. In the first step, one electric arc furnace (EAF) powered by green electricity will be built at each of the sites in Linz and Donawitz. Starting in 2027, we will produce around 2.5 million tons of CO2-reduced steel annually: 1.6 million tons in Linz, and 850,000 tons in Donawitz. We are in the middle of the practical implementation of the first step. All implementation projects in Linz and Donawitz are proceeding according to plan and are on schedule.

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