In the next few years, the company plans to expand the plant's capabilities to meet the future demand for steel
The Austrian steel company Voestalpine plans to invest almost €100 million in the next few years in the expansion of hot-dip galvanizing lines at the plant in Linz. This is reported in the press release of the company.
Investments will improve the quality of production of zinc-coated and uncoated cold-rolled strip products, as well as meet the future growing demand for high-quality products.
Construction work will start in August with hot-dip galvanizing line 4, and the technological start-up is scheduled for 2025/26.
Modernization of the line will allow in the future to produce all major steel grades that are mainly used in the premium automotive industry. Therefore, such products must meet the most stringent quality requirements.
“Investments in the future, such as in hot-dip galvanizing line 4, make a significant contribution to meeting our customers’ exacting requirements. In the future, the expansion will enable higher strengths, more flexibility, and larger dimensions for cold-rolled and hot-dip galvanized strip,” commented Hubert Zajicek, Member of the voestalpine AG Management Board and Head of the Steel Division.
In addition, the company plans to develop a solution that will allow cold-rolled strip to be produced on a line without a lowerable zinc bath.
The modernization of all hot-dip galvanizing lines is expected to be completed in 2027.
As GMK Center reported earlier, in 2021/2022 Voestalpine increased revenue by 36.9% compared to the previous year – up to €14.9 billion. EBITDA was doubled for the year compared to the previous year – €2.3 billion.
The company intends to reduce CO2 emissions by 2030 by 30%. By 2050, the company aims to switch to carbon-free steel production. First a steelmaker planned to to decrease CO2 emissions by 80%.