Voestalpine to meet demand from truck manufacturers with new investment in US

Tuesday, 20 August 2024 12:26:59 (GMT+3)   |   Istanbul

Austrian steelmaker Voestalpine AG has announced that its metal forming division, which specializes in high-tech special tubes and sections production, has inked long-term supply contracts with two global truck manufacturers for the North American market and that it will increase its production capacity at its Jeffersonville plant in Indiana, US, to fulfill the order.

Accordingly, the company will invest €70 million to double the high-quality structural components for Class 6, 7, and 8 trucks production capacity of its Jeffersonville plant to 80,000 mt by building a new 15,000 square meters of production space, and to acquire new equipment. The upgraded plant is set to begin operations in 2026.

Also, Voestalpine recently commissioned a new production line at its Shelbyville plant in Kentucky, which produces customized tube and section components.


Similar articles

Voestalpine to build $62.3 million steel plant in US

24 Aug | Steel News

Brazilian high-grade iron ore price posts small decline week-on-week

31 Mar | Scrap & Raw Materials

Turkish billet prices rise amid higher scrap and rebar prices, may pave way for some imports

31 Mar | Longs and Billet

US raw steel production increases by 1.2 percent - week 13, 2026

31 Mar | Steel News

Daily iron ore prices CFR China - March 31, 2026

31 Mar | Scrap & Raw Materials

Chinese manganese ore prices stable or down slightly

31 Mar | Scrap & Raw Materials

Turkey’s Icdas hikes its longs prices at end of month

31 Mar | Longs and Billet

Local Turkish merchant bar prices increase amid higher production costs

31 Mar | Longs and Billet

Local Indian rebar prices surge amid near panic restocking due to input supply disruptions

31 Mar | Longs and Billet

S. Arabia’s Hadeed hikes April longs prices amid rising costs, stable demand despite GCC tensions

31 Mar | Longs and Billet