Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Austria
  4. Wiener Boerse
  5. Voestalpine AG
  6. News
  7. Summary
    VOE   AT0000937503

VOESTALPINE AG

(VOE)
  Report
Delayed Quote. Delayed Wiener Boerse - 12/03 11:35:11 am
30.2 EUR   -1.82%
12/01VOESTALPINE : listed in the Dow Jones Sustainability Index for the first time
PU
11/24VOESTALPINE : The two-million-screw warehouse
PU
11/24VOESTALPINE : Goldman Sachs gives a Sell rating
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Metal Forming Division: long live the loop

09/15/2021 | 08:52am EST

Completely integrated, linked process flows is the Metal Forming Division's goal. Closed-loop systems with adaptive algorithms are the method of choice.

'We rely on machine learning and algorithms to automate our production and business processes,' says Digitalization Coordinator Karl Radlmayr, clarifying the importance of artificial intelligence in the Metal Forming Division. For the next step, Radlmayr and his team are looking at the division's roll forming lines. Roll forming is one of the most common sheet metal forming techniques-and thanks to technological advancements, it's also very powerful. 'We can now implement quite complex components with roll forming,' comments Florian Mayer, who is in charge of research and development at voestalpine Krems.

Sophistication for cars & planes

Progress has attracted the interest of the automotive and aerospace industries, which are known for their stringent requirements-for obvious reasons: safety! Customers from these industries expect precise compliance with their specifications. Mayer points out that this is why

'For us in the Metal Forming Division, accuracy and early error detection are particularly important.'

A critical factor is the high production speed of the roll forming lines, which can process up to 120 meters of sheet metal per minute. The later a defect is detected, the more material and time is lost.

Self-optimizing production

The metal formers want to counteract this with closed-loop systems. 'These are machines that check their own products, compare them with the specifications and then independently correct, and even optimize, their production steps,' explains Radlmayr, who is responsible for digitalization. He is not alone in expecting a significant increase in efficiency and an enormous boost in productivity.

Florian Mayer knows the solution: powerful sensors and actuators that translate a control command into physical action, plus digital control and artificial intelligence. Ideally, this combination will result in a self-optimizing production unit.

Digital process images

That is exactly what the Metal Forming Division is working on these days. One of the people involved is Werner Suppan, who is responsible for research and development in the Tubes & Sections business unit: 'To stay at the cutting edge of science, for planning and implementation we draw on the expertise of the Austrian Institute of Technology, which specializes in automation.

The Metal Forming Division is working together with this scientific partner and creating a digital image of the processes in a roll forming plant: punching, sectioning, and welding.

Four times more accurate

Werner Suppan adds: 'The goal of digitalized roll forming is to replace the previous process monitoring, such as checking the dimensions afterwards, with automatic inline measurement to allow us to move from process monitoring to digital process control.'

If this goal is achieved, we could be looking at up to four times the accuracy in production. However, this requires stable sensor technology, which the Metal Forming Division is currently investigating.

Disclaimer

voestalpine AG published this content on 15 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2021 12:51:05 UTC.


ę Publicnow 2021
All news about VOESTALPINE AG
12/01VOESTALPINE : listed in the Dow Jones Sustainability Index for the first time
PU
11/24VOESTALPINE : The two-million-screw warehouse
PU
11/24VOESTALPINE : Goldman Sachs gives a Sell rating
MD
11/18VOESTALPINE : Golden paths to green steel
PU
11/15VOESTALPINE : awarded certificate for sustainable steel production
PU
11/11VOESTALPINE : UBS sticks Neutral
MD
11/10VOESTALPINE : Jefferies reiterates its Neutral rating
MD
11/10Voestalpine AG Reports Earnings Results for the Second Quarter and Six Months Ended Sep..
CI
11/10VOESTALPINE : Baader Bank remains its Buy rating
MD
11/10VOESTALPINE : JP Morgan gives a Buy rating
MD
More news
Analyst Recommendations on VOESTALPINE AG
More recommendations
Financials
Sales 2022 14 490 M 16 393 M 16 393 M
Net income 2022 924 M 1 046 M 1 046 M
Net Debt 2022 2 604 M 2 946 M 2 946 M
P/E ratio 2022 5,83x
Yield 2022 3,25%
Capitalization 5 391 M 6 086 M 6 099 M
EV / Sales 2022 0,55x
EV / Sales 2023 0,54x
Nbr of Employees 49 068
Free-Float 70,2%
Chart VOESTALPINE AG
Duration : Period :
Voestalpine AG Technical Analysis Chart | VOE | AT0000937503 | MarketScreener
Technical analysis trends VOESTALPINE AG
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 30,20 €
Average target price 37,01 €
Spread / Average Target 22,5%
EPS Revisions
Managers and Directors
Herbert Eibensteiner Chairman-Executive Management Board
Robert Ottel Chief Financial Officer
Joachim Lemppenau Chairman-Supervisory Board
Franz Gasselsberger Member-Supervisory Board
Josef Gritz Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
VOESTALPINE AG4.98%6 086
NUCOR CORPORATION102.22%31 581
ARCELORMITTAL30.01%26 196
POSCO4.41%18 146
TATA STEEL LIMITED73.72%18 144
NIPPON STEEL CORPORATION35.09%14 608