Voestalpine strengthens international production base by investing in Brazil
Austria's voestalpine is betting on local production in various countries of its operations, executives said during a conference call on Wednesday, when they also talked about several new projects.
They highlighted Brazil as a sales market. voestalpine, one of the leading manufacturers of special pipes and profiles in the country, has great potential, which was rarely mentioned in the company's messages. Currently, its location in Caxias do Sol is being expanded by creating a logistics center with the appropriate equipment, Callanish, which was discussed during the conference.
In the niche field of welding technology, voestalpine has invested in expanding the production of welding consumables in India. Voestalpine Boehler Welding has been gradually expanding its operations in India in recent years and has invested about 3 million euros ($3.4 million) in its Indian subsidiaries.
In Egypt, voestalpine Railway Systems manufactures switches in Cairo, supplying about 260 high-speed switches for the construction of Egypt's first high-speed line, the Green Line.
In the United States, the foundation was laid for the expansion of production and sales capacities in the Louisville, Kentucky storage business segment. Carola Richter, Head of voestalpine's Metalworking division, stressed that warehouse systems are a particularly successful segment in the group and further expansion is planned.
Regarding the doubling of import duties on steel in the United States, Executive Director Herbert Eibensteiner noted that the 25% duties imposed so far can still be maintained. right down to the client. However, with a 50% decrease in demand, demand from the United States will clearly decrease. The company had already expected losses of about two million euros in accordance with the previous scenario. According to his forecasts, taking into account the 50% interest rate, the loss will be above this range.
Christian Kel Germany
kallanish.com