voestalpine AG has continued to consistently implement its internationalization strategy “voestalpine 2020” in the first half of the business year 2013/14.
The Italian company Trafilerie di Cittadella S.p.A./FILEUR, which was taken over in the first quarter of the current business year, has now been fully integrated into the Metal Engineering Division. Thus, voestalpine Böhler Welding Group GmbH holds 90% of the shares in this special company that manufactures top quality seamless flux cored wire, which is particularly suited for welding high-strength, low-temperature, and heat-resistant steel. In 2012, Trafilerie di Cittadella S.p.A./ FILEUR, which has 60 employees, generated annual revenue of EUR 13.7 million.
The second major acquisition in the current business year (described in detail in the letter to shareholders for the first quarter), Rieckermann Steeltech Ltd. (Shanghai) and P.M. Technology Ltd. (Shenzhen) were taken over by the Special Steel Division. The companies have already been successfully integrated into the voestalpine Group. The division acquired these production and service sites in China, which have a workforce of about 100 employees, within the scope of an asset deal. This acquisition has further solidified voestalpine’s distribution network in China and has enhanced the Group’s local presence in the segment of sophisticated special materials, which are used in oil and natural gas production, energy and power plant technology as well as in the aerospace industry.