voestalpine AG’s Management Board today passed the resolution of a new capital allocation strategy, which will support the implementation of the 2030+ corporate strategy by providing clear guidelines for investment decisions, management of the balance sheet structure and the dividend policy.

In a letter to the federal government, voestalpine has called for fair play for Austria’s energy-intensive industry and therefore for the continued use of the electricity price compensation. Most EU countries have been using this instrument for more than 10 years and some have already extended it until 2030—but Austria has not. In the Steel and Metals Action Plan, the EU Commission recently expressly pointed out to the member states that they should make use of the effective option of the electricity price brake in order to improve the competitiveness of energy-intensive companies with national measures.

voestalpine starts its new #FavoriteMoments image campaign on April 22. In this campaign, the global steel and technology group highlights the role that voestalpine’s high-quality products and diverse services play in people’s everyday lives, the special moments voestalpine makes possible, and the level of commitment shown by the company’s employees. The campaign will be broadcast on Austrian national television and focus particularly on online and social media channels in Austria and Germany. By launching the campaign in the midst of a very challenging economic environment, the Group is clearly signaling its focus on the future and its innovative power, as well as demonstrating that modern life would be almost unthinkable without voestalpine.

For years, the voestalpine employee shareholding scheme has been considered exemplary in Europe. The concept was developed in the year 2000. It bundles voting rights in an employee shareholding foundation, contributing significantly to the stable ownership structure of the Group, and also enabling employees to participate directly in the company’s success. Employees at voestalpine currently hold over 14% of the voting rights in voestalpine AG. Until now, shares from the voestalpine employee shareholding scheme were not given to the Austrian employees until they left the company. This year, as an exception, the portion of shares no longer subject to tax-related holding periods will be issued before the end of the employment relationship. This will both create space for future allocations and ensure that employees’ shareholding permanently remains within the designated voting rights range of 10% to 15%.

As the global market leader for railway infrastructure systems, voestalpine Railway Systems supplies track systems, turnout systems, and signaling technology for renowned international railway projects. In recent years, the company has developed new digital diagnostic and monitoring solutions for trains. These systems monitor the operational status of trains and complement the existing track monitoring systems. To date, the systems have been fitted on rail tracks in 35 different countries worldwide. Customers include the majority of the world’s major railway operators, the major rail freight transport companies of North America, mining operators in Australia and South America, and many more in all climate zones of the world. Major projects are planned for the current calendar year in South Korea, Mexico, Germany, Spain, and the United States, among others.

voestalpine Böhler Welding, a leading and globally active company in the field of welding technology, has been gradually expanding its local value creation in India in recent years and invested around EUR 3 million in its Indian locations. Future projects, such as the addition of solid wire production to the product portfolio, are also intended to boost the “Make-in-India” share.