LINZ, Austria, June 2, 2016 /PRNewswire/ --
voestalpine, an Austrian based technology and capital goods group with operations worldwide, published its Annual Report for the Business Year 2015/16 at 10 am (CEST) this morning. The webcast of the press conference is now available in English via http://www.voestalpine.com/streaming. It features all members of the voestalpine AG Management Board providing information on the financial results, developments and highlights of the past business year (End: March 31, 2016), together with an outlook for the current business period. Dr Wolfgang Eder is CEO of voestalpine AG and Chairman of the World Steel Association (worldsteel). 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.
In its business segments, voestalpine is a globally leading technology and capital goods group with a unique combination of material and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its top-quality products and system solutions using steel and other metals, it is one of the leading partners to the automotive and consumer goods industries in Europe and to the oil and gas industries worldwide. The voestalpine Group is also the world market leader in turnout technology, special rails, tool steel, and special sections. In the business year 2015/16, the Group generated revenue of EUR 11.1 billion, with an operating result (EBITDA) of EUR 1.6 billion; it has 48,500 employees worldwide, who are collectively a major shareholder in the company with a stake of 14.5 percent.
SOURCE voestalpine AG