Over the next two years voestalpine will invest approximately $42 million in a new high-speed forging line at group company Böhler Edelstahl GmbH in Kapfenberg, Austria. The state-of-the-art facility is scheduled to go into operation as early as 2018 and will primarily be used to manufacture forgings as pre-materials for extremely high load-bearing aircraft components or as workpieces for sophisticated products used in the oil and gas industry. The facility will also produce forged components for oil and gas exploration that are required to withstand extreme conditions both on land and at sea. The forging line will process the material with a pressing force of 4,400 metric tons and a speed of up to 120 strokes per minute.