As had been the case with the investments made in recent years, those made in the first quarter of 2016/17 were part of the strategic growth concept “voestalpine 2020.”
A particular highlight was the start-up of operations of the first facility worldwide for phs-directform®, which enables production of press-hardened, ultra high-strength, and corrosion-resistant automotive components made from galvanized steel strip in a single process step (direct process). Thus, the Metal Forming Division has become the first provider to make the technology leap to the direct hot forming of galvanized steel.
In the Metal Engineering Division, the new wire rod mill is in the start-up phase as scheduled; the same applies to the customers’ required registration processes.
The currently largest investment project of the voestalpine Group, the direct reduction plant of the Steel Division in Corpus Christi, Texas, USA, has been in the start-up phase since the middle of the first quarter 2016/17.
Group-wide, investments in the first quarter of 2016/17 amounted to EUR 232.9 million, a decline in comparison to the same period of the previous year (EUR 333.1 million) of 30.1%.
* This report is a translation of the original report in German, which is solely valid.
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