In line with its strategic focus on customer segments with highest technology requirements, the voestalpine Group has decided to invest more than EUR 100 million in two future-oriented projects at its Donawitz site in Austria. One of the projects is to set up a new continuous casting line for producing extremely pure steels as a sophisticated pre-material for premium rails, quality rolled wire, and high-tech seamless tubes. The highly automated production line with an annual capacity of up to 950,000 tons is scheduled to start up operation in 2019. The second project is to set up a completely new research center on company grounds that is dedicated to developing even lighter, more corrosion-resistant, and stronger steel grades.
For the full press release, go to voestalpine.com.