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Steel Industry
voestalpine Cuts Outlook for the Full Business Year
In the first half of the financial year 2010/11, the Austrian steel company recorded an increase in revenue of 15.1%. EBIT rose by 28.3% to € 531m.
November 17, 2011
RHI Wins Contract with voestalpine
The producer of refractory materials and the Austrian steel company extend their existing partnership for another three years. The contract has a volume of € 24m.
October 28, 2011
R&D Expenses on the Rise
The largest Austrian Enterprises increased their budgets for research & development by 9.6% on average. This is slightly beyond the global average (9.3%).
October 24, 2011
Debt Crisis Reaches Steel Industry
The CEO of Austrian voestalpine expects stagnation in European steel production volumes. Declining commodity prices might reduce margin pressure.
October 12, 2011
Chamber of Labor Claims Substantial Wage Increase
The Austrian Chamber of Labor calls for a massive rise in wages for metal workers. The union refers to increase profits of the metal industry.
October 10, 2011
Siemens VAI: Major Order from South Korean Steel Industry
The Austrian Siemens VAI Metals Technologies has received the order to build a steelwork. The factory´s capacity should be 2m tons per year.
September 27, 2011
voestalpine Merges Subsidiaries in the Automotive Division
The structural parts group of the Austrian steel company’s automotive division is united within voestalpine Stamptec.
September 1, 2011
voestalpine Meets Expectations and Confirms Guidance
The Austrian steel company recorded continuing growth in the first quarter of FY 2011/12. Uneasy financial markets and the national debt crisis remain risk factors.
August 18, 2011
voestalpine Sues EU Over Plans for Carbon Emissions
The Austrian steel company and four German competitors filed a lawsuit against the EU. They argue that CO2 emission targets are unrealistic and unachievable.
July 21, 2011
German Rail Cartel: Increasing Pressure on voestalpine
The German Federal Cartel Office made new inspections at a local subsidiary of the Austrian steel company. According to press reports, price fixing on the German rail market continued until 2011.
July 20, 2011
Plansee Group Achieved Sales Record
The Austrian provider of metallurgically manufactured products increased revenue by 46%. A new factory near Shanghai is scheduled to start operation in 2012.
July 7, 2011
voestalpine is the Leniency Applicant in the German Rail Cartel
The Austrian steel company applied for leniency in the case of anti-competitive practices in the German rail tracks market. The group expects to be exempted from any fines.
July 1, 2011
voestalpine May Revive Plans for New Factory
The Austrian steel company may revive plans next year to build a plant abroad as rising demand boosts prices.
June 29, 2011
voestalpine Acquires Dutch Company’s Research Department
The Austrian steel company expands its portfolio in railway systems technology with the acquisition of Baas R&D. The transaction is expected to boost expertise in diagnostic systems for rail transport.
June 27, 2011
Strong Growth for voestalpine in 2010/11
The Austrian steel company increased its operating result by 180% to € 984.8m. Annual profit tripled to around € 600m.
May 31, 2011
voestalpine: Eder Threatens to Withdraw from Austria
The voestalpine steel company has to struggle already massively with the EU’s climate change protection objectives, said Eder. They should not be increased further.
May 14, 2011
New Inspections at voestalpine Subsidiary
The German Federal Cartel Office today made new inspections at a local subsidiary of the Austrian steel company.
May 12, 2011
Inspections at German Subsidiary of voestalpine AG
Inspections by German Federal Cartel office at voestalpine Klöckner Bahntechnik GmbH.
May 11, 2011
voestalpine Awarded Major Contract in London
20.000 tons of pre-cut heavy-plate shapes from Linz, Austria, for windpark near London. Offshore wind tower project saving up to 560,000 tons of CO2 emissions.
April 30, 2011
Teufelberger Becomes Supplier of Automotive Industry
The specialty cable manufacturer from Upper Austria is undertaking its first steps to establish itself in the automotive supplier industry.
April 27, 2011
Plansee Expands Into Chile
The Austrian Plansee Group acquires minority ownership of the Chilean company Molibdenos y Metales S.A.
April 5, 2011
AWO: "Great Italian Interest in Austrian Steel Know-How"
Foreign Trade Austria (Außenwirtschaft Österreich, AWO), sees good opportunities for domestic firms in Italy's steel industry.
March 31, 2011
voestalpine Increases Research Budget to a Record High
In the new business year 2011/12, which begins on April 1, 2011, the Austrian steel company set asiede more than € 120m for product and technology development.
March 30, 2011
Austrian Production Rising Substantially
Opposing production trends in industry and construction in November 2010; turnover +14.5%. Strong increase of production in metal industry.
March 2, 2011
voestalpine: EBIT Rise Three-Fold
The Austrian steel company voestalpine records a further progression of earnings in 3rd fiscal quarter 2010/11.
February 19, 2011
Strong Sales Growth Expected for voestalpine
Analysts expect that the largest Austrian steel group will present strong quarterly results.
February 17, 2011
Eder Favors Further Privatizations
The CEO of Austria's largest steel company, voestalpine, would like to see the state pushed away from business still further.
February 15, 2011
Eder Considers European Manufacturing Industry is at a Disadvantage
For the CEO of the Austrian steel company voestalpine, the European manufacturing industry is at a disadvantage, despite innovative leadership.
February 5, 2011
Austrian Production Output up by 7.0%
Positive production trends in industry and construction in October 2010; turnover +7.0%.
February 1, 2011
voestalpine Intends to Strengthen Equity Capital Base
The Austrian steel company plans to make itself more independent from debt. In spite of growing profits, investments remain low.
January 27, 2011
voestalpine Successfully Places Bond Issue
The Austrian steel company has closed its corporate bond issue. Proceeds are € 500m, the coupon is given by 4.75%.
January 26, 2011
Industrial Producer Prices Up by 4.2%
According to Statistics Austrian, the industrial producer price index in November 2010 went up by +4.2% compared to November 2009.
January 21, 2011
voestalpine: Increased Employee Participation Possible
For the CEO of the Austrian steel group, Wolfgang Eder, the increase of the participation from the current 13.3% to around 16% is envisaged.
January 21, 2011
Voestalpine: Franz Rotter taking over from Claus Raidl
Already on Monday 31st March 2010 the Supervisory Board of voestalpine AG appointed Mr. Franz Rotter to the Management Board of voestalpine AG, with effect from 1st January 2011.
December 27, 2010
Order for Over € 100m for Voestalpine
The Austrian steel company receives an order for over € 100m by Daimler Trucks.
December 20, 2010
voestalpine: Change in Executive Board
The Supervisory board has decided the succession of executive board member Mülner. His successor as head of the Railway Systems Division is Franz Kainersdorfer.
December 16, 2010
Voestalpine: Doubling of Sales in Five Years
By 2015, the Chairman of the Board of the Austrian steel group, Wolfgang Eder, intends to achieve sales over € 15b billion through expansions.
December 6, 2010
Strong Sales Growth in Goods Production and Construction
According to Statistik Austria, sales growth in goods production was 14.3%. Orders for the construction industry decline however.
November 30, 2010
Voestalpine Announces Q1-Q3 2010 Results
Voestalpine group increases EBIT by almost tenfold up to € 414m. Revenue goes up by 24.2% due to significant growth in sales
November 18, 2010
Voestalpine Expands into the Gulf Region
The Austrian steel group will manufacture rail components for Saudi Arabia over a joint venture.
November 16, 2010
voestalpine: Major project shelved in Styria
voestalpine’s project was to build an ore pellet plant at the Styrian town of Eisenerz. The project is not being talked about anymore.
November 10, 2010
Voestalpine: Good Prospects
Voestalpine has got back fast on the road to success. Cost reduction and growth outside Europe are the recipes.
October 21, 2010
Slovakia: Changes in Automobile Production Trend
Manufacturers operating in Slovakia invest again. Total production in 2010 may reach over half a million vehicles. An opportunity for foreign suppliers.
October 12, 2010
RHI Is Considering Raising Capital
The refractories manufacturer RHI wants to continue growing, and will need between 400 and 500 million euro for its expansion plans, the new boss of the group, Henning Jensen, said at the "Q-Check" experts forum.
October 6, 2010
Bogner Edelstahl Continues to Grow
Austrian stainless steel specialist Bogner is pursuing an ambitious expansion plan in spite of the sales drop.
September 30, 2010
Böhler-Uddeholm Forge Operation Obtains 130 Million Euro From voestalpine
The stock exchange listed steel group voestalpine has invested 130 million euro in a new forge operation at Böhler Edelstahl, Kapfenberg.
September 23, 2010
Voestalpine back in black
The Austrian steel company Voestalpine has benefited from strong economic recovery in the first quarter of 2010/11 and has by far exceeded earnings expectations of analysts.
August 20, 2010
Andritz receives major order for new stainless steel works from China
International technology Group ANDRITZ has received an order from Fujian Fuxin Special Steel Co. Ltd. to supply major components and systems for a new stainless steel plant in Fujian Province, China.
July 20, 2010
Voestalpine AG - EU fines steel producers - voestalpine affected by €22m
Voestalpine has today been informed that the EU Commission has imposed fines, following action taken against a number of European prestressing steel manufacturers, including voestalpine Austria Draht GmbH.
June 30, 2010
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