Voestalpine
From Wikipedia, the free encyclopedia
| voestalpine AG | |
 |
|
| Type | Public |
|---|---|
| Founded | 1941 |
| Headquarters | Linz, Austria |
| Key people | Republic of Austria |
| Industry | Steel |
| Products | Steel, components |
| Revenue |  |
| Operating income | EUR 5.78 billion |
| Net income | EUR 497.5 million |
| Employees | 22,955 (2005) |
| Website | www.voestalpine.com |
voestalpine AG is an international steel company based in Linz, Austria. The company is active in steel, automotive, railway systems and profilform industries.
Sixty per cent of its employment is in Austria. In addition to Linz the most important plants are in Leoben in Styria and in Krems in Lower Austria. It had a large plant at Liezen in Styria which closed in the 1990s.
In 1941, the voestalpine was founded as Eisenwerke Oberdonau (Ironworks of Upper Austria). Following World War II, it was nationalized by the Austrian government, allowing the company to be controlled by powerful political interests. In 1952 voestalpine developed the LD process, the first basic oxygen steelmaking process.
From 1985 until 1995, steps were taken towards privatizing the corporation. Finally, in 2003, the name was changed to voestalpine AG in order to fit the standard naming pattern of Austrian public corporations.
[edit] External links
- voestalpine Homepage
