Outokumpu Oy will invest EUR 300 million to set up a cold rolling mill in India and is also looking at sites in Maharashtra and Gujarat for locating its first manufacturing plant in India. Mr Yatinder Suri head of Outokumpu India has said that the company will require around 125 acres to set up the unit and that they have decided to establish 250,000tns. The main criterion is to be based close to a port in a major consumption centre. Outokumpu will import hot rolled coils from its mother plant in Finland.
