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VÖEST – Vereinigte Österreichische Eisen- und Stahlwerke AG (United Austrian Iron and Steel Works) The letters „VÖEST“ mean Vereinigte Österreichische Eisen- und Stahlwerke AG. If you translate these words literally it is United Austrian Iron and Steel Works Inc. The listed voestalpine AG based in Linz (Upper Austria) is the Group holding. The voestalpine Group is one of the largest industrial undertakings in Austria and employs a work force of around 17,000. Sales in the past financial year was about EUR 4.4 billions. The Group is developing into a processing enterprise on the basis of its core competence in steel. The voestalpine Group is divided in four divisions, namely: · voestalpine Stahl Division · voestalpine Railway Systems Division · voestalpine Profilform Division · voestalpine motion division The VÖEST supplies a lot of branches, for example 26% of its sales derive from automotive industry. Other branches which are supplied by the VÖEST are the white products industry, the construction sub-supply industry, steel and mechanical engineering. Also railway companies and the oil and gas industry obtain products from the United Austrian Iron and Steel Works. The products of the VOEST are delivered to numerous European states (Austria, Germany, Belgium, UK, Italy, France, Sweden, Czech Republic) and the USA. History Already in 1881 the Alpinemontan cooperation was established. At the turn of the last century Donawitz was the site of the largest iron works in the Austro-Hungarian Empire.
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