Voestalpine

"Voest-Alpine" redirects here. For other uses, see Voest-Alpine (disambiguation).

48°16′26″N 14°20′00″E / 48.27389°N 14.33333°E / 48.27389; 14.33333

Voestalpine AG
Company typePublic
WBAG: VOE
IndustrySteel-based technology
Capital goods
Founded1 January 1938; 86 years ago (1938-01-01)
HeadquartersLinz, Austria
Key people
Herbert Eibensteiner (CEO)
Wolfgang Eder (Chairman)
ProductsTool steel plates, pipes and wires, steel automotive components
Revenue€14,9 billion (2021/2022)[1]
€229.1 million (2021/2022)[1]
€31.7 million (2020/2021)[2]
Total assets€14.9 billion (2020/2021)[3]
Total equity€5.65 billion (2020/2021)[4]
Number of employees
48,654 (June 2021)[4]
SubsidiariesBöhler-Uddeholm
Websitewww.voestalpine.com

Voestalpine AG – stylized as voestalpine – is an Austrian steel-based technology and capital goods group based in Linz, Austria. The company is active in steel, automotive, railway systems, profilform and tool steel industries. As of 2017, it is one of the few profitable steel companies in Europe.[5]

45 percent of its workforce is based in Austria.[3] The Linz hot strip mill is a "fully integrated steel works" operated by voestalpine Stahl GmbH, a part of the steel division of voestalpine AG.[6] In addition to Linz the most important plants are in Leoben in Styria and in Krems in Lower Austria. It had a large plant at Liezen in Styria which closed in the 1990s.[7] Voestalpine is responsible for 10% of all Austrian CO2 emissions, which makes it the biggest emitter in the country.[8]

The name of the company amalgamates its two principal components, the VÖEST (Vereinigte Österreichische Eisen und Stahlwerke) in Upper Austria, established through nationalization in July 1946,[9] and the ÖAMG (Österreichische-Alpine Montangesellschaft) in Styria, established in 1881.

  1. ^ a b "Annual Report 2021/22" (PDF). Voestalpine AG. Retrieved 5 August 2022.
  2. ^ "Annual Report 2020/21". Reuters. Retrieved 18 January 2022.
  3. ^ a b "Annual Report 2020/21" (PDF). Voestalpine. Retrieved 18 January 2022.
  4. ^ a b "diepresse.com Article" (in German). diepresse.com. Retrieved 18 January 2022.
  5. ^ "Kobe Steel admits falsifying data on 20,000 tonnes of metal". The Economist. 12 October 2017.
  6. ^ "voestalpine Stahl Modernizes Hot Strip Mill in Linz". Steel News. 28 October 2009. Retrieved 18 May 2010.
  7. ^ "Maschinenfabrik Liezen GmbH (Noricum) Article" (in German). mfl.at. Retrieved 18 January 2022.
  8. ^ "voestalpine-Chef: "Wenn wir einen Elektro-Ofen einschalten, geht in Linz das Licht aus"". nachrichten.at (in German). Retrieved 7 September 2021.
  9. ^ Tweraser 2000, p. 293.