PRESS RELEASE
June 15, 2010 at 11.00 am EET
A new stainless steel bar and rebar facility is being officially opened today in Sheffield, UK. The plant, an investment of some EUR 10 million, can offer stainless steel rebar in straight lengths or formed components as well as producing cold drawn bar. Significantly, Outokumpu can now serve its UK long products customers from a production route which is completely integrated in Sheffield, in addition to broadening its product offer in the global market place.
The Long Products business is already a well-established supplier of semi-finished stainless steel products such as slab, billet and wire rod to customers worldwide and the investment will enable Outokumpu to move into new markets further downstream with a more complete product range.
Tommy Grahn, Senior Vice President, Long Products says:
"I am extremely glad that we have now invested in Sheffield, allowing us to add value to our existing wire rod products in a way which markedly increases our service offering to our customers in Europe and across the globe. One of the most exciting aspects of this new plant is its ability to process our proprietary LDX2101 duplex grade into rebar. This is a product which can really ignite the potential for stainless steel rebar and provide a solution to the serious problem of corrosion in many reinforced concrete structures."
For more information please contact:
Tommy Grahn, Senior Vice President - Long Products, tel. +358 40 7486602
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 (http://www.outokumpu.com/)
HUG#1423927
