Voestalpine : with new record research budget of EUR 184 million in the business year 2019/20
October 08, 2019 at 04:32 am EDT
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At process level, research activities are focused on increasingly networking production facilities, in order to enable end-to-end data collection, from arrival of the raw materials right through to delivery of the finished part. A further focus lies in additive manufacturing (3D printing) in which highly complex metal parts are constructed, layer by layer, based on computer models. voestalpine already operates five research centers around the world which explore this pioneering technology. Furthermore, in view of global climate targets, the Group is intensively working on potential scenarios for CO2-reduced steel production. In a variety of projects, technologies are being developed to move away from the coke- and coal-based blast furnace route, via hybrid solutions, through to the use of green hydrogen.
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voestalpine AG published this content on 08 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2019 08:31:11 UTC
Voestalpine AG is one of the European largest steel makers. Net sales break down by family of products as follows:
- flat steel (32.6%): hot and cold laminated steel, galvanized steel, sheet metal, etc.;
- long steel (21%): steering systems, rods, non-welded tubes, etc.;
- special steel (18.9%);
- steel components (18.6%);
- other (8.9%).
Net sales break down by market into automotive (31.6%), oil industry (15.4%), rail transportation (10.3%), construction (10.1%), civil and mechanical engineering (10%), household appliances (4.4%), aerospace (2.2%) and other (16%).
Net sales are distributed geographically as follows: Austria (7.5%), Europe (54.5%), North America (17.2%), Asia (6.9%), South America (4.6%) and others (9.3%).
VOESTALPINE AG 
