In the next several years, voestalpine will be investing more than EUR 100 million (approximately $125 million) in new plants in China, the USA, South Africa, Romania, and Germany as part of a comprehensive globalization strategy in the automotive sector. Now the first concrete step is being taken overseas. A production facility is being erected in the USA, with a construction budget of EUR 50 million (approximately $62 million dollars). Cartersville, Georgia is about 60 kilometers northwest of Atlanta and is in the center of a cluster of automobile factories. Production is slated to begin by mid-2013. When fully developed, this facility will have created 220 jobs.

voestalpine, a steel processing and technology Group, is continuing to forge ahead with its internationalization plans. Currently, existing voestalpine production sites are being expanded or new plants being erected on four continents. All of these sites are/will be in close proximity to the production facilities of well-known premium manufacturers. The already existing global presence in other business sectors will be expanded to include the automotive sector of the Metal Forming Division. “We are following the automobile manufacturers, especially the European ones, to the markets of the future and will be expanding our presence there dramatically,” stated CEO Wolfgang Eder.

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