# voestalpine invests EUR 40 million in new forging line for aerospace in Kapfenberg

voestalpine AG will invest over EUR 40 million in a new high-tech, high-speed forging line at Böhler Edelstahl in Kapfenberg, Austria, to manufacture forgings for aircraft components and oil & gas industry parts. The facility is scheduled to go into operation in 2018.

- Type: Investment
- Announced: 2016-12-05
- Where: Kapfenberg, Austria
- Value: $44.0M (40.0M EUR)
- Starts operating: 2018
- Status: announced
- Products: forgings for aircraft components, engine parts, oil & gas industry parts
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [voestalpine](https://endata.com/companies/19723.md)
- [Böhler Edelstahl GmbH & Co KG](https://endata.com/companies/20421.md)
- [Böhler Edelstahl GmbH & Co KG](https://endata.com/companies/20421.md) (partner)

## Sources

- [voestalpine.com](https://www.voestalpine.com/group/en/media/press-releases/2016-12-05-voestalpine-invests-eur-40-million-in-the-growing-aerospace-segment/), 2016-12-05: "In the next two years voestalpine will invest over EUR 40 million in a new high-tech, high-speed forging line at Group company Böhler Edelstahl GmbH & Co KG in Kapfenberg."
- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/voestalpine-to-invest-40-million-in-forging-line-at-bohler-edelstahl-961673.htm), 2016-12-06: "The new facility is scheduled to go into operation as early as in 2018, and will primarily be used to manufacture forgings as pre-materials for extremely high load-bearing aircraft components."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.