At the Voestalpine location in Kapfenberg, the world's most sophisticated special steel mill will be gradually commissioned this summer, with full production starting in the fall.
Despite an extremely tough operating environment and delivery constraints in nearly every sector, work on the investment project went on as planned.
The initial facilities at the factory, which will manufacture 205,000 tons of special steels for the international aerospace, oil and gas, automotive, and toolmaking sectors, are now undergoing testing.
Due to the obstacles connected with the COVID-19 epidemic and delays in delivery from equipment suppliers, the business estimates that expenses would climb by 10% to 20% over the original projected expenditure of EUR 350 million (USD 368 million).
The materials and information on this article have been prepared or assembled by Viet Nam Steel and are intended for informational purposes only