voestalpine Austria Draht GmbH expands its activities in wire processing and acquires 54% of CPA Filament GmbH from the Steinklauber Group. At the Fürstenfeld site, a new production facility for ultra high tensile fine wire (up to 0.08 mm) will be erected within the scope of a joint venture; the facility will begin operations in late 2012.

voestalpine Austria Draht GmbH is a subsidiary of the Railway Systems Division of the voestalpine Group.

Mr Franz Kainersdorfer head of the Railway Systems Division said that "The first expansion stage corresponds to an annual capacity of about 3,000 tonnes and will create about 40 new jobs in the region."

Additional expansion stages are planned in the next years. Both partners bring comprehensive expertise to this collaboration. voestalpine has comprehensive materials technology expertise, experience in metallurgical technology, and can take advantage of synergy benefits from the proximity of its own steel plant in Donawitz and the collaboration with the Styrian Steel Association.

The expertise of the Steinklauber Group as a plant manufacturer and technology leader is in the production of high tensile fine wire and cord. The project is being subsidized by the Styrian Business Promotion Agency (Steirische Wirtschaftsfördergesellschaft, SFG). Thus another future oriented product will be manufactured in the Fürstenfeld region, which will add even more value to Styria as a prime business location.

Source - voestalpine Group

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