Austrian steelmaker voestalpine AG has announced that voestalpine Rotec Group, a subsidiary in the company’s metal forming division, has signed an agreement for a value of €350 million to supply components for seatbelts and airbags for a global carmaker starting summer 2015 through the first half of 2022.
Voestalpine stated that with this order the company’s plants in Austria, Germany, the US and China will be operating at full capacity until 2022 and it will have to expand its production facilities.
Voestalpine Rotec Group produces high-quality precision steel tubes and tube components for the automotive and mechanical engineering industries at seven production locations on three continents.