voestalpine Concluded Largest Single Contract to Date

IndustrialsBasic Resources ♦ Published: January 27, 2012; 16:22 ♦ (Vindobona)

The Automotive Division of the voestalpine Group has concluded its largest single contract to date, with a leading European car manufacturer. The order volume amounts to around € 700m.

voestalpine Concluded Largest Single Contract to Date / Picture: © Voestalpine AG

As a result, the voestalpine Group will produce sophisticated automotive components in countries such as China and the USA for the first time. The Group is investing around € 100m for this global move into the automotive segment.

In addition to a comprehensive package of high-tensile, sophisticated security components, the agreement includes replacement and assembly parts for a…