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voestalpine counters challenging environment in Q3 2024/25 with active measures
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voestalpine Böhler Welding expands local business activities in India
voestalpine Böhler Welding, a leading and globally active company in the field of welding technology, has been gradually expanding its local value creation in India in recent years and invested around EUR 3 million in its Indian locations. Future projects, such as the addition of solid wire production to the product portfolio, are also intended to boost the “Make-in-India” share.
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Closing sale Buderus Edelstahl
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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.