- Business
- Voestalpine AG is an Austrian steel-based technology and capital goods group headquartered in Linz, Austria, founded in 1938. It operates globally through five primary divisions: Steel, High Performance Metals, Metal Forming, Metal Engineering, and Holding & Group Services. The company manufactures and processes a wide range of steel products including heavy plates, steel strips, and special sections; high-performance tool steels and materials for aerospace, automotive, energy, and consumer goods industries; precision tubes and sections; automotive components such as pressed, punched, and roll-profiled parts; and railway system solutions including rails, turnouts, fastening systems, signaling, and monitoring technology. Voestalpine serves a diverse set of industries including automotive, railway systems, construction, mechanical engineering, aerospace, electrical, and energy sectors, with geographic operations spanning Austria, the European Union, the United States, and internationally.
Recently, Voestalpine has undertaken significant operational restructuring, including the announced shutdown of its cam and sliding element business in Linz by the end of fiscal 2025/26, driven by rising energy and labor costs and competitive pressure from non-European producers. The company is reorganizing its German automotive components production, including the closure of its Birkenfeld plant and workforce reductions at Dettingen, to enhance efficiency amidst the transformation of the automotive industry. Strategic initiatives include expanding value-added services such as heat and surface treatments, advancing decarbonization efforts through the Greentec Steel program, and engaging in major infrastructure projects such as supplying premium rails and high-tech turnouts for Austria’s Koralm Tunnel and rail network expansions. Voestalpine maintains its commitment to automotive components and internationalization despite market challenges and cost pressures.
Financially, Voestalpine has delivered solid results in the 2024/25 business year with revenues exceeding €15.7 billion and EBITDA of around €1.35 billion, maintaining a robust presence as one of the leading European steel producers publicly listed on the Vienna Stock Exchange since 1995. The company continually pursues innovation and market leadership in steel technology, rail infrastructure solutions, and high-performance materials, focusing on sustainability and efficiency to navigate evolving global industrial demands.