After four years of construction, the voestalpine Group has successfully completed the special steel plant at its Kapfenberg site, heralding a new era in steel production. Hot commissioning tests commenced at the end of the business year 2022/23, paving the way for the gradual full operation of the plant during 2023/24. With an annual capacity of approximately 205,000 tons, this cutting-edge facility will cater to the aerospace, oil and natural gas, automotive, and toolmaking industries, setting new standards in digitalization and sustainability.To mitigate the delays encountered during construction, the Group subsidiary voestalpine BÖHLER Edelstahl increased its own contribution to the project, ensuring a rapid ramp-up of production. However, this decision may lead to a potential cost overrun of up to 30% from the initial planned investment of EUR 350 million, as previously reported.In the business year 2022/23, voestalpine made significant investments totaling EUR 922 million, a 30% increase compared to the previous year. These investments primarily focused on technical optimizations to enhance existing plant and equipment, as well as replacement investments. By prioritizing technological advancements and maintaining a forward-looking approach, voestalpine continues to strengthen its position as a leader in the steel industry.
After four years of construction, the voestalpine Group has successfully completed the special steel plant at its Kapfenberg site, heralding a new era in steel production. Hot commissioning tests commenced at the end of the business year 2022/23, paving the way for the gradual full operation of the plant during 2023/24. With an annual capacity of approximately 205,000 tons, this cutting-edge facility will cater to the aerospace, oil and natural gas, automotive, and toolmaking industries, setting new standards in digitalization and sustainability.To mitigate the delays encountered during construction, the Group subsidiary voestalpine BÖHLER Edelstahl increased its own contribution to the project, ensuring a rapid ramp-up of production. However, this decision may lead to a potential cost overrun of up to 30% from the initial planned investment of EUR 350 million, as previously reported.In the business year 2022/23, voestalpine made significant investments totaling EUR 922 million, a 30% increase compared to the previous year. These investments primarily focused on technical optimizations to enhance existing plant and equipment, as well as replacement investments. By prioritizing technological advancements and maintaining a forward-looking approach, voestalpine continues to strengthen its position as a leader in the steel industry.
