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voestalpine Restructures Bohler Uddeholm
04/06/2010 - The Supervisory Board of parent company voestalpine AG in September 2009 decided to restructure the organization of the Special Steel Division (Böhler Uddeholm Group). The organizational changes took effect April 1.
The Supervisory Board of parent company voestalpine AG decided to restructure the organization of the Special Steel Division (Böhler Uddeholm Group) in September 2009, enabling the division to focus on its core business as a global niche producer and distributor of special steels.
The Böhler Uddeholm Group had consisted of four business areas: High Performance Metals, Welding Consumables, Precision Strip, and Special Forgings. These four business areas were managed by the holding company Böhler Uddeholm AG and comprised about 190 single companies for production and distribution.
Since April 1, the High Performance Metals and Special Forgings business areas and the company Buderus Edelstahl Band GmbH have been operating under Böhler Uddeholm AG, forming the new Special Steel Division in the voestalpine Group. The other two business areas (Welding Consumables and Precision Strip) were assigned to other divisions in the voestalpine Group.
The Welding Consumables business area is now part of the Railway Systems Division. The Precision Strip business area, with the exception of Buderus Edelstahl Band GmbH, was assigned to the Profilform Division. Both organizational changes also took effect on April 1.
voestalpine notes that the new Böhler Uddeholm organization represents approximately 80% of total turnover in comparison to the former Group.
