Outokumpu completes quarto plate investment

Outokumpu held a customer event in Degerfors, Sweden, to mark the finalisation of the EUR 100M investment project at the quarto plate mill. The investment and associated improvements are expected to contribute to cost efficiencies across the production process and further strengthen Outokumpu’s position as the leading stainless steel plate producer.

Outokumpu announced the investment plans in June 2010. The investment program entailed upgrades to the whole production process in Degerfors and increased the mill’s capacity by 30% to 155,000t. Following the investments, the Degerfors mill can produce flatter plates with even better surface quality, and achieve improved and more efficient production processes with lower emissions. Says CEO Mika Seitovirta said, “The Degerfors mill expansion project has been an important investment for Outokumpu as we foresee strong market potential for special plate. In addition to increasing our quarto plate production capacity, the investment significantly enhances our production quality and flexibility to meet customer needs.” The plant in Degerfors is Outokumpu’s biggest production unit for stainless steel quarto plate. The mill manufactures the world’s highest share of products in specialty stainless grades. The investment is also expected to position Degerfors as the largest single stainless quarto plate mill in the world.

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