Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Austria
  4. Wiener Boerse
  5. Voestalpine AG
  6. News
  7. Summary
    VOE   AT0000937503

VOESTALPINE AG

(VOE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Very smart: artificial intelligence at voestalpine

09/03/2021 | 04:52am EDT

Within the voestalpine Group, human and artificial intelligence (AI) have long been working side by side: in the lab, in the offices, at the blast furnace, and in the steel mill.

They work in hot-dip galvanizing, detect the smallest irregularities on steel surfaces, read e-mails, submit quotations, monitor turnouts, and make forecasts: self-learning, i.e. intelligent systems have long been a normal part of day-to-day production and business at voestalpine. 'These systems improve product quality and ensure sustainability, safety, and cost effectiveness,' says Josef Andorfer from voestalpine Stahl GmbH. 'Since the technical basis for these systems is a digital imitation of human brain and thought processes, we also like to speak about artificial intelligence.'

Millions for research

The extent to which the voestalpine Group is pushing intelligent digitalization, from quality management to the development of smart products, goes beyond the fact that Andorfer is part of a network of in-house AI experts. It becomes very clear looking at the EUR 153 million that voestalpine invested in research and development in the last business year alone. The result is that huge amounts of data supplied by cameras and sensors are becoming increasingly usable and controllable, regardless of whether the data sources are optical, acoustic or magnetic or whether the data comes from temperature sensors or radar devices.

Blast furnace with IQ

'Smart technologies offer numerous opportunities for the industry and are a significant factor in the future competitiveness of our Group,' explains Herbert Eibensteiner, Chairman of the Management Board of voestalpine AG, who emphasizes that

'This requires highly trained employees who can program, operate, and monitor these systems.'

In Linz, artificial intelligence is used to inspect the quality of the most demanding steel strip and preselect the zinc layer thickness at hot-dip galvanizing line 5. A self-learning system that can optically determine grain size is used at the Linz steel mill, at the voestalpine blast furnaces in Linz and Donawitz, and at the direct reduction plant in Corpus Christi, Texas.

Keen ear

voestalpine Wire Technology also relies on smart surface inspection. And more: in wire production, a control system has a digital ear on production and sounds the alarm if acoustic deviations from the normal background noise suggest a technical problem. There is further great potential for artificial intelligence in automation, robotics, sensor technology, assistance systems, and analysis tools that can make predictions.

Monitored turnouts

Even voestalpine products use intelligent sensor technology. One such product is the smart turnout systems from voestalpine Railway Systems. These systems contain sensors that provide round-the-clock turnout monitoring. Researchers and developers are currently working to increase the IQ of the turnouts so that they will be able see that a failure is impending and call for maintenance in a timely manner to prevent railway line closures.

Disclaimer

voestalpine AG published this content on 03 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 September 2021 08:51:01 UTC.


ę Publicnow 2021
All news about VOESTALPINE AG
10/25VOESTALPINE : Gets a Neutral rating from Credit Suisse
MD
10/13VOESTALPINE : Is no more a Sell but a Buy opportunity for JP Morgan
MD
10/07PRESS RELEASE : voestalpine AG / Notification concerning transactions by persons performin..
DJ
10/06VOESTALPINE : Reducing step by step by step
PU
10/06VOESTALPINE : Groundbreaking ceremony for multi-million project at voestalpine in Linz
PU
10/05VOESTALPINE : Goldman Sachs lowers its rating to Sell
MD
09/29VOESTALPINE METAL ENGINEERING : turning to artificial intelligence
PU
09/22VOESTALPINE : Our path to a green future
PU
09/20VOESTALPINE : increases its research budget in the current business year to EUR 185 millio..
PU
09/15METAL FORMING DIVISION : long live the loop
PU
More news
Analyst Recommendations on VOESTALPINE AG
More recommendations
Financials
Sales 2022 14 150 M 16 427 M 16 427 M
Net income 2022 909 M 1 055 M 1 055 M
Net Debt 2022 2 644 M 3 070 M 3 070 M
P/E ratio 2022 6,42x
Yield 2022 3,07%
Capitalization 5 838 M 6 765 M 6 777 M
EV / Sales 2022 0,60x
EV / Sales 2023 0,57x
Nbr of Employees 48 880
Free-Float 70,2%
Chart VOESTALPINE AG
Duration : Period :
Voestalpine AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VOESTALPINE AG
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 32,70 €
Average target price 37,16 €
Spread / Average Target 13,6%
EPS Revisions
Managers and Directors
Herbert Eibensteiner Chairman-Executive Management Board
Robert Ottel Chief Financial Officer
Joachim Lemppenau Chairman-Supervisory Board
Franz Gasselsberger Member-Supervisory Board
Josef Gritz Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
VOESTALPINE AG9.76%6 656
ARCELORMITTAL55.27%32 017
NUCOR CORPORATION109.49%31 847
TATA STEEL LIMITED105.91%21 600
POSCO13.24%20 405
NIPPON STEEL CORPORATION54.22%16 637