voestalpine On Track for Expansion with New Plant in China
05/19/2014 - The voestalpine Group’s 22nd production site in China was officially opened on 14 May 2014.
voestalpine Profilform (China), a subsidiary of the Metal Forming Division, produces and processes high-quality steel pipes and sections for agricultural and construction machinery manufacturers and for international automobile manufacturers and automotive suppliers. The plant, which will create 50 new jobs, represents an investment of € 20 million. The voestalpine Group already has 2,200 employees in China and generates revenue of € 220 million.
voestalpine, the steel-based technology and capital goods Group, is continuing to consistently implement its internationalization strategy. With the opening of the new site, the Metal Forming Division is again going where its international customers are, in order to be able to supply them locally with the quality products they are accustomed to.
“We follow our customers who operate globally into growth markets and, jointly with them, we consistently expand our presence. Using new, innovative materials and forming concepts, we have been able to manufacture components, which have absolutely unique selling points on the global market,” said Wolfgang Eder, CEO and chairman of the Management Board of voestalpine AG.
By 2020, around 15 new plants will be built In China
In the business year 2012/13, the voestalpine Group already generated € 710 million (6 percent of the Group’s revenue) in Asia. The Group anticipates that by the end of 2020, this figure will triple to around € 2 billion. The planned investment volume is between € 400 and 500 million. The main customer sectors are mobility (railway infrastructure/turnout technology, automobile components) and energy (turbines, power plant components). voestalpine is already a market leader in the high-tech segments of these sectors.
In addition to supplying international premium customers with plants in China, the local market is becoming increasingly significant. Negotiations with the largest Chinese manufacturer of excavators and with major bus manufacturers have almost been concluded.
“Our Asian customers also value our expertise in materials and processing that is unique worldwide,” commented Herbert Eibensteiner, member of the Management Board and head of the Metal Forming Division.
Three crucial core processes can be carried out at the new plant: roll forming, bending, and 3-D laser cutting. Additionally, precision tube components for passive safety elements in passenger cars will be manufactured here. The location was primarily chosen because of its proximity to customers and the already existing plant of the voestalpine Böhler Welding Group.
The Metal Forming Division of the voestalpine Group generated revenue of € 2.3 billion and an operating result (EBITDA) of € 257.6 million in 2012/13. The division has around 11,000 employees and produces components for almost all European automobile manufacturers. It constitutes the competence center of the voestalpine Group for highly refined sections, tubes, and precision strip steel products as well as ready-to-install components made of pressed, stamped and roll-formed parts. Its combination of material expertise and processing competence is unparalleled throughout the industry, and its global presence make the division the preferred partner to customers who are looking for innovativeness and quality. The Metal Forming Division is comprised of the following Business Units: “Tubes & Sections,” a global manufacturer of customer-tailored special tubes and sections, “Automotive Body Parts,” a direct supplier of innovative automotive body parts for future-oriented lightweight solutions, “Precision Strip,” which offers industry-leading expertise in precision strip steel for demanding applications, “Warehouse & Rack Solutions,” which provides intelligent rack system solutions for complex logistics challenges, and “Heating & Installation Components,” which produces state-of-the-art components heating and installation purposes.
voestalpine, the steel-based technology and capital goods Group, is continuing to consistently implement its internationalization strategy. With the opening of the new site, the Metal Forming Division is again going where its international customers are, in order to be able to supply them locally with the quality products they are accustomed to.
“We follow our customers who operate globally into growth markets and, jointly with them, we consistently expand our presence. Using new, innovative materials and forming concepts, we have been able to manufacture components, which have absolutely unique selling points on the global market,” said Wolfgang Eder, CEO and chairman of the Management Board of voestalpine AG.
By 2020, around 15 new plants will be built In China
In the business year 2012/13, the voestalpine Group already generated € 710 million (6 percent of the Group’s revenue) in Asia. The Group anticipates that by the end of 2020, this figure will triple to around € 2 billion. The planned investment volume is between € 400 and 500 million. The main customer sectors are mobility (railway infrastructure/turnout technology, automobile components) and energy (turbines, power plant components). voestalpine is already a market leader in the high-tech segments of these sectors.
In addition to supplying international premium customers with plants in China, the local market is becoming increasingly significant. Negotiations with the largest Chinese manufacturer of excavators and with major bus manufacturers have almost been concluded.
“Our Asian customers also value our expertise in materials and processing that is unique worldwide,” commented Herbert Eibensteiner, member of the Management Board and head of the Metal Forming Division.
Three crucial core processes can be carried out at the new plant: roll forming, bending, and 3-D laser cutting. Additionally, precision tube components for passive safety elements in passenger cars will be manufactured here. The location was primarily chosen because of its proximity to customers and the already existing plant of the voestalpine Böhler Welding Group.
The Metal Forming Division of the voestalpine Group generated revenue of € 2.3 billion and an operating result (EBITDA) of € 257.6 million in 2012/13. The division has around 11,000 employees and produces components for almost all European automobile manufacturers. It constitutes the competence center of the voestalpine Group for highly refined sections, tubes, and precision strip steel products as well as ready-to-install components made of pressed, stamped and roll-formed parts. Its combination of material expertise and processing competence is unparalleled throughout the industry, and its global presence make the division the preferred partner to customers who are looking for innovativeness and quality. The Metal Forming Division is comprised of the following Business Units: “Tubes & Sections,” a global manufacturer of customer-tailored special tubes and sections, “Automotive Body Parts,” a direct supplier of innovative automotive body parts for future-oriented lightweight solutions, “Precision Strip,” which offers industry-leading expertise in precision strip steel for demanding applications, “Warehouse & Rack Solutions,” which provides intelligent rack system solutions for complex logistics challenges, and “Heating & Installation Components,” which produces state-of-the-art components heating and installation purposes.
