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Voestalpine AG

Voestalpine AG

Industry: 
Energy, Steel
Symbol: 
WBAG: VOE
States: 
AL
CO
IL
KS
KY
WA
WY
Country: 
Austria
Sources: 

Voestalpine AG is an international steel company based in Austria, with revenues of 11 billion euros as of 2010. Voestalpine manufactures steel and steel products for the railway, automative, tool, and energy industries (Company Website).

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Voestalpine and its subsidiaries including Böhler EdelstahlBöhler PROFILUddeholmAssociated Swedish Steels AB (ASSAB)Buderus Edelstahl, and Voestalpine Böhler Welding list distributors in Iran on their respective websites. These subsidiaries manufacture a variety of metal and industrial products including high-speed, high-grade, tool and switch steels. 

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Voestalpine maintains a significant U.S. presence including a number of subsidiaries, offices, facilities, and manufacturing plants located across the U.S. (Voestalpine website, “Location”; Voestalpine Nortrak, “United States Locations”; Bohler-Uddeholm United States website, “Headquarters”; Roll Forming Corporation website, “Company Profile”; Edro, “Our Locations”) Valued at $740 million and set for an April 2014 groundbreaking, Voestalpine Texas LLC’s iron ore processing plant based outside Corpus Christi is touted as “Voestalpine’s largest foreign investment to date.” (Voestalpine website, “Voestalpine Texas LLC”)

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Reports show that an Austrian trade delegation reportedly comprised of 17 national companies began a three-day long mission in Iran on December 6. (Wiener Zeitung, “'Wir wollten ein Signal setzen,'” 12/26/13) The delegation reportedly met with Seyyed Mehdi Mir-Abutalebi, the deputy head of Trade Promotion Organization of Iran. (Tehran Times, “Iran, Austria to develop economic, trade ties,” 12/7/13) According to an Austrian media report, Voestalpine, through its rail division Voestalpine Schienen, was among the companies represented. (Die Presse, “Irans Ölminister traf OMV-Chef Roiss,” 12/5/13) 

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“VAE, a company of the voestalpine Group and the global market leader in turnout technology, has been supplying the Iranian State Railways and Metro administrations for forty years. During these four decades of ongoing business relations, the company has been supplying several thousand switches and replacement parts to Iran. The trains of the Tehran Metro run over VAE switches – and also on track made by voestalpine. Following initial deliveries of 428 switches, further orders were won. As part of the fulfillment of the current order for switches which are needed for extending the system, one group of switches was urgently needed for logistical reasons...‘For many decades, the Iranian customers have been appreciative of the high quality and the excellent technology of our switches. This forms the basis for our relationships with these customers, which are important to us and which have been built up over many years’, commented Marc Kaddoura, Managing Director of VAE GmbH.” (Voestalpine Media Information, “World Premiere: Railway Switches Delivered by Airplane,” 3/12/09)

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An Iranian company, Tajhiz Sanat Hezareh, also known as MIP Ltd., advertises itself as "the exclusive agent of Voestalpine" and supplies "heavy plates, clad plate heads, cones, welding consumables and superalloys in demanding industries like oil, gas, petrochemical, refinery, and power" (Tajhiz Sanat Hezareh).