VA Technologie AG
Ad hoc-Service: VA Technologie AG VAI Pomini
Ad-hoc Mitteilung übermittelt durch die DGAP.
Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich.
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VAI AND TECHINT FORM JOINT COMPANY
– Combined activities in the areas of continuous billet casting
plants and long-product rolling mills
– Intensified design, construction and sales activities through
use of world-wide organisations of VAI and Techint
VOEST-ALPINE INDUSTRIEANLAGENBAU (VAI), a company of the
listed VA Technologie AG, and TECHINT COMPAGNIA TECNICA INTERNAZIONALE
SpA (Techint), Milan/Italy, have agreed to combine their
activities in the areas of continuous billet casting plants
and long-product rolling mills in a joint company named VAI
Pomini.
The main scope of the joint company will be the design,
construction and sales activities in the area of continuous
billet-casting plants and long-product rolling mills. The joint
company will be headquartered in Castellanza/Italy, with
operations in Linz/Austria, Sheffield/UK and Pittsburgh/USA and
will begin its operations as soon as required authorisations
from merger control authorities have been granted. The turnover
forecast for the year 2001 will amount to roughly EUR 100
million. The company will employ roughly 220 staff members.
VAI will contribute its technologies in the areas of
continuous billet-casting plants and long-product rolling
mills, its rolling-mill technology with guides provided by
Ashlow/UK as well as the rolling-mill technology of GFM
Steyr/Austria. Techint will provide the rolling-mill
technologies of Pomini/Italy and the continuous-casting
technologies of Rokop/USA .
The new company will make use of the world-wide organisations
of the two parent companies in this product sector. The united
plant-engineering expertise of the new company covers the
entire range of long products, from tonnage steel grades to the
highest-quality alloys.
We take this opportunity to inform you also that, under a
separate transaction, VAI will transfer its reheating and heat-
treating furnace operations to Techint, which is already
present in the market with operating divisions and trade names
(including Techint Italimpianti and Salem).
++++2001-03-19
VOEST-ALPINE INDUSTRIEANLAGENBAU (VAI) is a leading
international metallurgical plant builder with a multinational
company structure and is a systems supplier for both individual
and integrated plants. The VAI Group employs 4,100 people
worldwide.
Techint Compagnia Tecnica Internazionale (Techint) designs and
supplies a wide range of equipment, plants and systems for the
metal working industry. They are part of the Techint Group
which is made up of more than thirty operational companies
worldwide and which consists of a workforce of 33,000
experienced professionals and skilled workers. The revenue of
the Techint Group of companies totals US $6 billion.
This press release is also available on the homepages
www.vai.at and www.techint-technologies.com
Ende der Mitteilung
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