- About us
- IBJ Awards
- Free Sample
- Contact us
Europe’s first steel plant in 40 years
(Posted on 09/05/18)
Construction has started on Europe’s first specialised steel plant in 40 years. Voestalpine is building a €350m factory in Kapfenberg, south west of Vienna, Austria.
The plant, which should take three years to complete, will be highly digitised, relying more on computer-monitoring of machines rather than the workforce standing in front of blast furnaces.
Europe’s steel industry has been in steep decline for decades, as cheaper producers such as China have undercut more expensive western counterparts. The new plant will have the capacity to produce 205,000 tonnes of high-performance steel annually, with a market value of €8bn. Customers are expected to be vehicle manufacturers, the aerospace sector, and the oil and gas industry.
thyssenkrupp has announced the sale of its Mining Technologies business unit to the Danish company FLSmidth... Read more
Rio Tinto has approved a $108 million investment in underground development to enable early orebody... Read more
En+ Group, the world’s largest producer of low carbon aluminium, has published its 2020 Sustainability... Read more
Rusal, a leading global aluminium producer, has announced that it will supply its plant Aluminium Rheinfelden... Read more
Rio Tinto and POSCO, the largest steel producer in South Korea and one of the world’s leading... Read more
BHP has announced that it has signed a Sale and Purchase Agreement with Glencore to divest its 33.3... Read more
Galena Asset Management, a wholly-owned investment subsidiary of Trafigura, one of the world’s... Read more
Rio Tinto has declared force majeure on customer contracts at Richards Bay Minerals (RBM) in South Africa... Read more
Rio Tinto, a leading global mining and metals company, and Schneider Electric, the leader in digital... Read more
Rio Tinto will deploy the world’s first fully autonomous water trucks at its $2.6 billion Gudai... Read more