Voestalpine : invests more than EUR 100 million in the development and production of high-quality steels at its Donawitz site
July 11, 2017 at 03:09 am EDT
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The goal of the project is to develop new high-performance steels with even higher strength, lower weight, and better corrosion resistance-especially for the mobility and energy sectors. The use of these future materials will allow, for example, stronger yet lighter drive rod components to be used in automotive construction, thereby reducing fuel consumption.
While the existing Metal Engineering Division operating plants require a minimum production quantity of 68 tons of steel, development in the 'Metallurgy Center' will work with comparatively low weight units of around 4 tons. The characteristics of the new steel grades will be tested in normal machining processes for producing rolled wire, rails, and seamless tubes. This should help to significantly shorten innovation times for high-performance steels and to supply customers with small quantities, something that has not been possible to date.
voestalpine AG published this content on 11 July 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 July 2017 07:09:04 UTC.
Original documenthttp://www.voestalpine.com/group/en/media/press-releases/2017-07-11-voestalpine-invests-more-than-eur-100-million-in-the-development-and-production-of-high-quality-steels-at-its-donawitz-site/
Public permalinkhttp://www.publicnow.com/view/86B4C21A41475D0CC484ECDE6209FC1B28746753
Voestalpine AG is one of the European largest steel makers. Net sales break down by family of products as follows:
- flat steel (32.6%): hot and cold laminated steel, galvanized steel, sheet metal, etc.;
- long steel (21%): steering systems, rods, non-welded tubes, etc.;
- special steel (18.9%);
- steel components (18.6%);
- other (8.9%).
Net sales break down by market into automotive (31.6%), oil industry (15.4%), rail transportation (10.3%), construction (10.1%), civil and mechanical engineering (10%), household appliances (4.4%), aerospace (2.2%) and other (16%).
Net sales are distributed geographically as follows: Austria (7.5%), Europe (54.5%), North America (17.2%), Asia (6.9%), South America (4.6%) and others (9.3%).
VOESTALPINE AG 
