voestalpine invests in growing aerospace segment

For voestalpine, aerospace is a key strategic growth area, and is therefore a high priority in the coming years. In the next two years voestalpine will invest over EUR 40M 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.

Wolfgang Eder, Chairman of the Management Board of voestalpine AG, said, “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-“

The Special Steel Division of the voestalpine Group is one of the 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.