Outokumpu completes divestment of its share in Mexican joint venture

Finland-based stainless steel producer Outokumpu has announced that it has completed the divestment of its 50 percent stake in the joint venture Fischer Mexicana S.A. DE C.V. (Fischer Mexicana) to F.E.R. Fischer Edelstahlrohre GmbH for $63 million. As a result of the transaction, Outokumpu’s net debt has decreased by approximately €50 million and gearing has declined by approximately four percentage points.

Outokumpu’s own operations in Mexico remain unchanged. The company’s presence across the Americas includes five mills including the integrated stainless steel mill in Calvert, Alabama, and a cold rolling mill in San Luis Potosí, Mexico, where Outokumpu is the clear market leader in stainless steel.