Austrian steelmaker voestalpine AG has announced that it has started the three-year construction phase for its new special steel plant in Kapfenberg, Austria, with an investment value of around €350 million.
According to the company’s statement, from 2021 onwards, each year the fully digitalized plant will produce around 205,000 mt of sophisticated high-performance steels, especially for the international aviation and automotive industries as well as for the oil and gas sector, while at the same time securing more than 3,000 highly skilled jobs in the region over the long term.
Once operative, the new high-tech special steel plant is intended to replace the existing Voestalpine Böhler Edelstahl GmbH & Co KG plant in Kapfenberg.