- Voestalpine
Infobox Company
company_name = voestalpine AG
company_
company_type = Public
foundation =1941
location =Linz ,Austria
key_people =Republic of Austria
industry =Steel
products =Steel , components
revenue = € 7.000 million
num_employees = 25.000 (2006)
homepage = [http://www.voestalpine.com/ www.voestalpine.com]
net_income = EUR 1.000 millionvoestalpine AG is an international steel company based in
Linz ,Austria . The company is active insteel ,automotive , railway systems, profilform andTool Steel industries.Sixty per cent of its employment is in Austria. In addition to Linz the most important plants are in
Leoben inStyria and inKrems inLower Austria . It had a large plant atLiezen inStyria which closed in the 1990s.In 1941, the voestalpine was founded as Eisenwerke Oberdonau (Ironworks of
Upper Austria ), a core component of the Reichswerke Hermann Göring AG cartel, serving as the main supplier of steel and iron for the German war industry duringWorld War II . Following the war, it was nationalized by the Austrian government, primarily to prevent its confiscation by the occupying Allies, allowing the company to be controlled by powerful political interests. In 1952 voestalpine developed the LD process, the firstbasic oxygen steelmaking process.From
1985 until1995 , steps were taken towards privatizing the corporation. Finally, in2003 , the name was changed to voestalpine AG in order to fit the standard naming pattern of Austrian public corporations.In April 2007, voestalpine made a bid for the Austrian Tool Steel producer
Böhler-Uddeholm . The bid was accepted by a majority of shareholders in June.External links
* [http://www.voestalpine.com/ag/en voestalpine] Homepage
* [http://www.bohler-uddeholm.com Böhler-Uddeholm AG] Homepage
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