Outokumpu opens a service centre in Kunshan, China
(Thomson Reuters ONE) -
PRESS RELEASE
June 1, 2010 at 7.00 am EET
Inauguration ceremonies for Outokumpu's new service centre in Kunshan, Jiangsu
Province, China are taking place today. Establishment of the service centre
supports the Group's strategy of expanding operations in Asia and serving
end-user and project customers with value-added special products.
China is the world's fastest-growing market for stainless steel. Analyst
estimates (SMR) indicate that national demand for stainless steel will grow by
more than 15% in 2010. Outokumpu's offering to the Chinese market consists
mainly of special grades, especially duplex grades, developed to satisfy the
most demanding applications in the energy, petrochemical, transportation and
pulp and paper sectors. The new service centre means that Outokumpu is now well
positioned to meet customers' expectations.
CEO Juha Rantanen: "This is an important step in strengthening our position in
Asia. As we are now closer to our Chinese customers, we can provide both
tailored deliveries and local support in material selection and technical
specification. As the global leader in duplex grades, Outokumpu now has a good
platform for future growth in China."
Outokumpu has had a presence in China since 1997 and has delivered stainless
steel for use in chemical, petrochemical and nuclear power plant facilities as
well as chemical tankers and paper mills. Most of the stainless steel processed
at the Kunshan service centre is produced at the Group's Avesta and Degerfors
sites in Sweden.
Outokumpu service centres stock and process stainless coil and plate to meet
specific customer requirements, adding a high level of flexibility in terms of
both product dimensions and delivery schedules. The Kunshan service centre has
an annual capacity of some 30 000 tons of stainless steel. Processing facilities
include a cut-to-length line, a water-jet cutting machine, a plasma portal
cutting machine and a laser cutting machine. The investment totalled some EUR
20 million. The service centre employs approximately 50 people. Download
pictures from Outokumpu's website.
For further information please contact:
Kell Hansen, VP - Growth Markets, tel +65 9232 8571
Päivi Lindqvist, SVP - Communications & Investor Relations, tel. +358
40 708 5351
OUTOKUMPU OYJ
Outokumpu is a global leader in stainless steel with the vision to be the
undisputed number one. Customers in a wide range of industries use our stainless
steel and services worldwide. Being fully recyclable, maintenance-free, as well
as very strong and durable material, stainless steel is one of the key building
blocks for sustainable future. Outokumpu employs some 7 500 people in more than
30 countries. The Group's head office is located in Espoo, Finland. Outokumpu is
listed on the NASDAQ OMX Helsinki.www.outokumpu.com
[HUG#1420278]
China Service Centre Picture: http://hugin.info/3010/R/1420278/369901.JPG
ENG China Service Centre: http://hugin.info/3010/R/1420278/369900.pdf
Unternehmensinformation / Kurzprofil:
Datum: 01.06.2010 - 06:00 Uhr
Sprache: Deutsch
News-ID 21720
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