Voestalpine has broken ground at its steel plant in Kapfenberg, Austria, which from 2021, will produce around 205,000 tons of steels for the international aviation and automotive industries as well as for the oil & gas sector.
Preparations for the project, securing more than 3,000 jobs and with an investment of up to EUR350m (US$427m), are already underway: the construction site is currently being prepared, with work focusing on energy supply and logistics infrastructure.
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The new steel plant, once operative, is intended to replace the existing Voestalpine Böhler Edelstah plant in Kapfenberg and designed to produce pre-materials for aircraft components, tools for the automotive industry, equipment for oil & gas extraction and for the 3D printing of highly complex metal parts.
“Today’s groundbreaking ceremony for the new plant is not only a milestone for our Group and Kapfenberg as a location, but also a positive signal for European industry, as this is the first investment in a completely new steel plant in decades,” said Voestalpine chairman, Wolfgang Eder.
“This investment provides Voestalpine with a global technological lead and cost advantage in manufacturing high-performance steels and allows us to remain globally competitive over the long term, even when producing at a traditional European location.”
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