voestalpine Expands U.S. Production to Meet Growing Demand from Global Truck Manufacturers

voestalpine Expands U.S. Production to Meet Growing Demand from Global Truck Manufacturers

(IN BRIEF) voestalpine is expanding its Indiana facility by 15,000 square meters and doubling its production capacity to 80,000 tons, following major orders from global truck manufacturers. The EUR 70 million (USD 78 million) investment will create 110 new jobs and reinforces voestalpine’s commitment to serving the North American market with high-quality structural components. This expansion is part of the company’s broader strategy to grow its global manufacturing network and maintain close customer relationships in key regions.

(PRESS RELEASE) LINZ, 19-Aug-2024 — /EuropaWire/ — The voestalpine Group, a leading global steel and technology company, is significantly boosting its production capabilities in the United States following the securing of major contracts with two renowned truck manufacturers. These new long-term agreements, aimed at serving the North American market, will see voestalpine expanding its Indiana facility to meet growing demand for high-quality structural components used in heavy-duty trucks.

The company’s Metal Forming Division, known for its expertise in producing specialized tubes and sections, will spearhead the expansion at its Jeffersonville, Indiana site. This investment, totaling EUR 70 million (USD 78 million), will add approximately 15,000 square meters of production space and create 110 new jobs, doubling the plant’s production capacity to 80,000 tons. The enhanced facility is set to begin operations in 2026.

A Strategic Move to Serve North America’s Trucking Industry

voestalpine has been a key player in the European market for years, particularly in the rollforming of complex special tubes and sections for the commercial vehicle sector. The company is now extending this expertise to the North American market, reflecting its commitment to maintaining close proximity to its customers and reinforcing its presence in strategically important regions.

“Our recent orders from leading global truck manufacturers underscore the trust our customers have in voestalpine’s technology and capabilities,” said Herbert Eibensteiner, CEO of voestalpine AG. “By expanding our production facilities in Indiana, we are well-positioned to meet the specific needs of the North American trucking industry, bringing our European expertise to this vital market.”

Investment in Innovation and Job Creation

The expansion in Jeffersonville is part of a broader strategy by voestalpine to grow its global manufacturing network, ensuring that it can produce high-quality components close to where its customers operate. This follows the company’s recent opening of a new production hall in Shelbyville, Kentucky, which also specializes in customized tube and section components.

“This investment not only increases our production capacity but also reinforces our commitment to innovation and quality,” stated Carola Richter, Member of the Management Board of voestalpine AG and Head of the Metal Forming Division. “By expanding our operations in the U.S., we are continuing our ‘follow-the-customer’ strategy, ensuring we remain a reliable partner in critical markets.”

About the Metal Forming Division

voestalpine’s Metal Forming Division is the company’s center of excellence for advanced sections, tubes, precision strip steel products, and ready-to-install system components. The division’s unique combination of material and processing expertise, coupled with its global footprint, makes it a preferred partner across industries such as automotive, construction, road safety, renewable energy, and mechanical engineering. With nearly 11,600 employees, the division is also committed to achieving climate-neutral manufacturing by 2035.

In the 2023/24 business year, the Metal Forming Division generated EUR 3.4 billion in revenue and reported an operating result (EBITDA) of EUR 301 million.

The voestalpine Group

voestalpine is a globally leading steel and technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. The voestalpine Group has been listed on the Vienna Stock Exchange since 1995. With its premium products and system solutions, voestalpine is a leading partner to the automotive and consumer goods industries, as well as to the aerospace and energy industries. The company is also the global market leader in railway systems, tool steel, and special sections. voestalpine is committed to the global climate goals and has a clear plan for transforming steel production with its greentec steel program. In the business year 2023/24, the Group generated revenue of EUR 16.7 billion, with an operating result (EBITDA) of EUR 1.7 billion; it has around 51,600 employees worldwide.

Media Contact:

Peter Felsbach
Head of Group Communications & Spokesman

SOURCE: voestalpine AG