Voestalpine has signed a US$600m contract in the automotive sector for an unnamed manufacturer, with more than EUR30m invested in the construction and extension of sites in Mexico, Germany, Romania, and China in order to fulfil the order, leading to the creation of 165 new jobs.
The majority of the investment volume is allocated to Mexico’s automotive market where a new components manufacturing plant will be built in Aguascalientes.
Automotive parts produced at the new and expanded Voestalpine sites in future will be used in the construction of a total of more than 1m cars.
Voestalpine is a technology and capital goods group with a combination of material and processing expertise. With products and system solutions using steel and other metals, it is a partner to the automotive and consumer goods industries in Europe, as well as to oil and gas industries worldwide.
Data from just-auto’s QUBE service says earlier this year, Voestalpine acquired Advanced Tooling Tek (ATT) in Shanghai and the Sermetal Group in Barcelona, to enhance its special steel production.