Tuesday, August 17, 2010

Finnish Company Expands in New Castle

Outokumpu, based in Espoo, Finland, has upgraded its North American quarto plate facility in New Castle. The investment of more than €45 million will allow the mill to improve production efficiencies to better compete in the global stainless steel market.

The Indiana mill is the only Outokumpu location in North America producing specialised stainless steel plate recognized for its high resistance to corrosion.

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.


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