LINZ, Austria, May 30, 2016 /PRNewswire/ --
voestalpine, an Austrian based technology and capital goods group with operations worldwide, announces the publication of its Annual Report for the Business Year 2015/16 on June 2, 2016 at 10 am (CEST). All members of the voestalpine AG Management Board will provide information on the financial results, developments and highlights of the past business year (End: March 31, 2016), together with an outlook for the current period. Dr Wolfgang Eder is CEO of voestalpine AG and Chairman of the World Steel Association (worldsteel). The webcast of voestalpine's press conference will be available via http://www.voestalpine.com/streaming. Questions can be asked via Twitter using the hashtag #voestalpinemedia or via email using email@example.com.
As part of a comprehensive globalization strategy, voestalpine has been pushing forward expansion in the growing US market. In addition to the opening of a €60-million ($70-million) automotive component plant in Cartersville in 2014, the Group is currently finalizing the construction of a natural gas based direct reduction plant in Corpus Christi, Texas. This €550 million ($740 million) endeavor is the largest foreign investment made by any Austrian company in the USA to date.
With around 500 Group companies and locations in more than 50 countries and on all five continents, voestalpine has been listed on the Vienna Stock Exchange since 1995. With its top-quality products, it is one of the leading partners to the automotive and consumer goods industries as well as to the oil and gas industries worldwide and also the world market leader in turnout technology, special rails, tool steel, and special sections. In the business year 2014/15, the voestalpine Group reported revenue of EUR 11.2 billion and an operating result (EBITDA) of EUR 1.5 billion; it has around 47,500 employees worldwide.
SOURCE voestalpine AG