Outokumpu completes quarto plate investment in New Castle in the US
(Thomson Reuters ONE) -
PRESS RELEASE
August 11, 2010 at 2.30 pm EET
Outokumpu will unveil recently completed upgrades to the North American quarto
plate facility in New Castle, Indiana, USA. The upgrades represent an investment
of more than EUR 45 million that will allow the mill to improve production
efficiencies to better compete in the global stainless steel market.
Outokumpu announced the investment plans in late 2007. The Indiana mill is the
only Outokumpu location in North America producing specialised stainless steel
plate recognized for its high resistance to corrosion.
CEO Juha Rantanen: "We see tremendous potential in the specialty steel being
produced at New Castle. The investment program impacted nearly every phase of
the operations and will yield best-in-class manufacturing capabilities for
products in which Outokumpu already has a very strong market position."
The upgrades include new equipment and equipment enhancements for process
improvements. These equipment investments include a new plate finishing line
with in-line annealing, shot blasting, and levelling as well as improvements to
the 120" wide line including state-of-the-art environmental controls
Outokumpu is the market leader in stainless steel quarto plate with a global
market share of some 20%. Thick and wide individually rolled quarto plates are
used in the energy sector, in extracting salt from seawater and transporting
chemicals, and are widely employed in the process industries for manufacturing
pressure cylinders, tanks, thick-walled tubes, bridge structures and process
equipment.
For more information, please contact:
Leif Rosén, Senior Vice President Special Coil & Plate, tel. +46 703 304 186
Michael Stateczny, Vice President & General Manager QPNA, tel. +1 765 529 0120
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#1437125]
ENG New Castle quarto plate investment:
http://hugin.info/3010/R/1437125/381981.pdf
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Source: Outokumpu Oyj via Thomson Reuters ONE
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Datum: 11.08.2010 - 13:31 Uhr
Sprache: Deutsch
News-ID 39451
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