Voestalpine Invests Millions in Aerospace

AEROSPACE HEAT TREAT, AEROSPACE HEAT TREAT NEWS, ENERGY HEAT TREAT, FEATURED NEWS /
Aerospace is a key strategic growth area for Voestalpine, and is therefore a high priority in the coming years. Over the medium term the company expects to increase Group revenue in this technologically challenging customer segment from its current level of EUR 300 million to around EUR 500 million. In the next two years Voestalpine will invest over EUR 40 million in a new high-tech, high-speed forging line at Group company Böhler Edelstahl GmbH & Co KG in Kapfenberg in order to literally give additional thrust to this growth. The state-of-the-art facility is scheduled to go into operation as early as in 2018, and will primarily be used to manufacture forgings as pre-materials for extremely high load-bearing aircraft components, such as engine parts, or as workpieces for sophisticated products used in the oil & gas industry.

Over the next one and a half decades global demand for almost 40,000 new aircraft is forecast. The major investment in a new, state-of-the-art forging line demonstrates that Voestalpine is again staying abreast of the dynamic developments in the aerospace sector.

The aerospace industry is one of the key drivers of our international growth strategy in the future market of mobility. All most important aircraft manufacturers already rely on technologies and products from Voestalpine. By intensifying our innovation and investment activities we aim to further expand our position as a leading provider also in this sophisticated customer segment-

Wolfgang Eder, Chairman of the Management Board of voestalpine AG Wolfgang Eder, Chairman of the Management Board of Voestalpine AG

Fully automated facility sets new standards

The Special Steel Division of the Voestalpine Group is one of the leading global suppliers of high-performance materials and special forgings for the aerospace industry. Its highly stress-resistant products include structural parts, engine components and mounts, landing gear parts, and door segments that are used in the aircraft programs of manufacturers including Airbus, Boeing, Bombardier, and Embraer.

The new high-tech forging line will not only play a key role in increasing volumes in the aerospace business segment, but it will also set new standards in product quality, process automation, and digitalization. As a result, this investment significantly strengthens the technological leadership enjoyed by our Styrian production companies. Investment in a new special steel plant is also in planning as a means of opening up new dimensions in materials production. This is in addition to, and independent of, the current project. A final decision on the location of the special steel plant is expected for the second half of 2017.

Franz Rotter, Member of the Management Board of voestalpine AG and Head of the Special Steel Division Franz Rotter, Member of the Management Board of Voestalpine AG and Head of the Special Steel Division

Moreover, the new facility will produce forged components for oil and gas exploration which are required to withstand extreme conditions both on land and at sea. The high-tech forging line will process the material with a pressing force of 4,400 tonnes and a speed of up to 120 strokes per minute, or 2 strokes per second.

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