Austrian steelmaker voestalpine AG has announced that the voestalpine Stamptec Group, part of the group’s metal forming division, has opened a new plant in Northeast China which will produce ultra-high strength body-in-white parts for premium automotive customers. A total of around €25 million has been invested in constructing the plant which currently employs a staff of 70, and this should grow to over 500 employees in the coming years as the site is continually extended.
In China, the voestalpine Group most recently generated revenue of over €300 million at a total of 26 sites with more than 2,200 employees, including its joint ventures.