# voestalpine starts construction of new stainless steel plant in Kapfenberg, Austria

voestalpine began construction of a new fully digitalized stainless steel plant in Kapfenberg, Austria, with an investment of up to €350 million. The plant will produce around 205,000 tonnes of high-performance steel annually starting in 2021, securing over 3,000 jobs.

- Type: New facility
- Announced: 2018-04-24
- Where: Kapfenberg, Austria, Austria
- Value: $430.0M (350.0M EUR)
- Jobs: 3,000
- Starts operating: 2021
- Status: under construction
- Capacity: 205,000 tonnes per year
- Products: high-performance stainless steel, high-performance steel for aerospace, automotive, oil and gas, 3D printing
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [voestalpine](https://endata.com/companies/19723.md)

## Sources

- [voestalpine.com](https://www.voestalpine.com/group/de/media/presseaussendungen/2018-04-23-voestalpine-startet-bau-des-weltweit-modernsten-edelstahlwerks/), 2018-04-23: "Der heutige Spatenstich markiert den offiziellen Beginn der dreijährigen Bauphase für das neue Edelstahlwerk der voestalpine in Kapfenberg."
- [voestalpine.com](https://www.voestalpine.com/group/en/media/press-releases/2018-04-24-voestalpine-starts-construction-of-the-worlds-most-advanced-special-steel-plant/), 2018-04-24: "Today’s groundbreaking ceremony for the new plant is not only a milestone for our Group, and Kapfenberg as a location, but also a positive signal for European industry."

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