Here you will find our press releases. Find out about the latest projects, orders, cooperations and other information about voestalpine.
In September 2023, voestalpine became the first Austrian industrial company to offer 24-hour childcare for children up to the age of 12 at its Linz site, doubling its previous childcare capacity, and specifically addressing the needs of employees working in shifts. The extended childcare offer has been very well received, with demand for childcare spots in the kindergarten and daycare center increasing by more than 30% in the last year. More than half of the available spots for the family night and weekend care have already been filled.
On October 31, 2014, voestalpine opened a permanent exhibition at its Group headquarters in Linz, becoming the first private company to address the fate of the Nazi forced laborers from the former “Reichswerke Hermann Göring” in Linz. Since then, more than 23,000 visitors have visited the Museum of Contemporary History, including numerous school groups and many relatives of former forced laborers.
voestalpine has concluded negotiations for the sale of German Group subsidiary Buderus Edelstahl. With Mutares SE & Co. KGaA, a recognized investment company is taking over the company based in Wetzlar, Hessen. The contract was signed yesterday and the sale now awaits approval from the relevant competition authorities. The parties have agreed not to disclose the purchase price. The transaction is expected to be concluded by the end of Q4 2024. The expected financial impact of the sale has already been communicated and is included in our earnings forecast for the ongoing BY 2024/25 (EUR 1.4 billion EBITDA).
The Metal Forming Division of the voestalpine Group is responding to structural changes and falling customer demand in the automotive sector by reorganizing its Automotive Components locations in Germany. In future, the plants in Dettingen, Schmölln, Schwäbisch Gmünd, and Böhmenkirch will form a joint production network, with each contributing their specialist technology and product knowledge. Operations in Birkenfeld will be discontinued subject to the outcome of negotiations with the Works Council and IG Metall. The aim of these measures is to secure the future of the automotive supply segment of the Metal Forming Division in the long term, and with it around 2,000 jobs in Germany. The expected financial impact of the reorganization has already been communicated and is included in our earnings forecast for the ongoing BY 2024/25 (EUR 1.4 billion EBITDA).
The international steel and technology group has successfully issued its first green corporate bond, for EUR 500 million. The bond has a term of five years and a coupon of 3.75%, and met with high investor demand. Private investors may also subscribe during the subscription period running from September 26 to October 3, 2024. The entire proceeds of the issue will be used to finance or refinance sustainable voestalpine projects, such as greentec steel.
Held every two years at the Berlin Expo Center, InnoTrans is considered the most important international trade fair in the transport technology sector. As the world’s leading supplier of complete railroad infrastructure systems, voestalpine Railway Systems will be present once again at this year’s event taking place between September 24 and 27. The Group will be presenting its entire portfolio for all types of rail transport, including mixed traffic, urban traffic (trams/metro/urban rail), high-speed traffic, and freight traffic at an exhibition stand 1,000 m² in size. The focus will be on further increasing availability, the associated optimization of life cycle costs, and the digitization of the railroad track using intelligent diagnostic, monitoring, and analysis systems for more effective planning of maintenance work, and the time and cost savings associated with this.
voestalpine has completed the investigation initiated in February 2024 following the discovery of earnings-improving accounting errors at a German company in the Metal Forming Division. The comprehensive investigation by a specialized auditing firm and a German law firm was launched in the aim of identifying the causes and responsibilities for the accounting errors and deriving improvement measures. Now that the results of the investigation are available, it remains clear that all accounting consequences of the accounting errors in the 2023/24 financial statements have been retroactively corrected and fully taken into account, that no outflow of funds took place, and that the initial suspicion against the persons responsible has been proven to be correct.
The Steel Division of the voestalpine Group will be withdrawing from the business of cam units and sliding elements at the Linz site, and will gradually discontinue the business activities of its company voestalpine Camtec GmbH in Linz by the end of the 2025/26 business year (March 31, 2026). Most recently, revenue totaled EUR 12 million (BY 2023/24). The 53 employees affected have the opportunity to transfer to other voestalpine business units in Linz. The employees will be supported individually in their professional reorientation.