voestalpine AG — M&A Activity 2001

Apr 2, 2001

News Details

Ad-hoc | 2 April 2001 07:31

Ad hoc-Service: VOEST-Alpine Stahl AG english

Ad hoc announcement transmitted by DGAP. The issuer has the sole responsibility of this announcement. ——————————————————————————– VOEST-ALPINE EUROPLATINEN GmbH & Co.KG, a fully owned subsidary of VOEST-ALPINE STAHL LINZ GmbH, has purchased a 51% interest in the Italian company EUROWELD Srl., Turin, Italys only producer of laser welded blanks for the automotive sector. The production of the italian company in 2001 will amount to some 6 million welded blanks, which are mostly sold to FIAT, Alfa Romeo and Lancia. Sales will total around EUR 32 million (approx. ATS 440 million). VOEST-ALPINE EUROPLATINEN GmbH & Co KG will also produce about 6 million welded blanks in Linz during 2001. The planned production target for 2002 is over 7 million. The main customers are BMW, DaimlerChrysler, PSA, AUDI,SKODA and General Motors. Together, the two companies will constitute the second largest welded blank supplier to the European automotive industry. Under the management of VOEST- ALPINE EUROPLATINEN, both enterprises will enhance their market presence and simultaneously provide customers with an extended range of technological possibilities. end of ad hoc announcement, (c) DGAP 02.04.2001 ——————————————————————————– WKN: 093750; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg, München, Stuttgart; London 020731 Apr 01