Body Parts Inc., a subsidiary of the Metal Forming Division, is
manufacturing ultra-high strength body-in-white components for premium
car manufacturers in Cartersville/Georgia.
This EUR 50 million
investment (about USD 70 million) will create 220 jobs. It completes the
first phase of the Group’s extensive internationalization program in
the automotive sector.
Since 2012, voestalpine has invested over
EUR 100 million (USD 140 million) in new plants in China, Germany,
Romania, South Africa, and the USA. Additional plants and expanded
capacity are in the planning stage.
steel-based technology and capital goods group voestalpine has
consistently expanded its internationalization program. In recent
months, new facilities and expanded production capacity went into
operation close to the production facilities of well-known premium car
manufacturers on four continents. The global presence that already
exists in other divisions was thus extended to the automotive sector of
the Metal Forming Division.
We are following the automotive manufacturers, particularly the
European ones, into the markets of the future and massively expanding
our presence there. With our new materials, we have managed to produce
components that have absolutely unique selling points on a global level.
We are only at the beginning of our development in the processing area
and are therefore accelerating our internationalization program,
Wolfgang Eder, CEO of voestalpine AG said.
In the business year
2012/13, the voestalpine Group generated 44 percent of its revenue of
EUR 11.5 billion (USD 15.8 billion) in the mobility area, with about
two-thirds of that coming from the automotive industry.