voestalpine driving expansion in Asia

With its Chinese New Turnout Technologies Co., Ltd. (CNTT) joint venture established in 2007, voestalpine has established a leading position in the Chinese railway infrastructure sector over the past years: the Group's Metal Engineering Division has secured around a quarter of the market for high-speed turnouts through the joint venture it leads, with annual revenue in this segment amounting to roughly EUR 100 million. By acquiring the majority stakeholding in what is now its second turnout plant in China, voestalpine Railway Systems, the world’s largest full-service provider for fully digitalized rail tracks, is establishing itself as a technology supplier for the country’s strongly growing urban traffic sector. The new company at the site in Ruzhou, in the central Chinese province of Henan, has a workforce of 120 employees. The local joint venture partners are the rail infrastructure operator Zhengzhou Railway Bureau, a subsidiary of Chinese Railway Corporation, and the China Railway Material Group (CRM), the largest national distributor of track construction components. Over 100 new metro systems and tramway projects are planned in China in the coming years alone.

The Group's Metal Forming Division is also consistently driving its globalization strategy, and is now entering the run-up phase at the second automotive production site in China (the first was opened in Shenyang in 2015). voestalpine Automotive Components Tianjin Co., Ltd. is specialized in the production of highly complex body-in-white parts for premium automotive customers. The double-digit million euro investment includes several expansion phases, while the number of employees will increase from the current level of 30 to around 80 by 2020.

By setting up a network of more than 60 service and processing sites, the High Performance Metals Division, which is specialized in high performance steels, has succeeded in doubling its annual revenue in Asia over the past ten years, to almost EUR 400 million. Current investments at the site in Shanghai, which went into operation in mid-2017, include the world's largest vacuum heat treatment furnace and establishing competence centers for 3D metal printing in Taiwan and Singapore. Since last year voestalpine has also been a member of the top-level research center ARTC (Advanced Remanufacturing and Technology Centre) in Singapore which, with the involvement of international technology companies including Rolls Royce and Siemens, is forging ahead with a range of innovations, including in additive manufacturing (3D printing).