Outokumpu to increase stainless steel capacity
According to the statement released by Finnish steel producer Outokumpu, the company will expand its value-added thin gauge
stainless steel capacity on the back of rising demand. In line with this project, Outokumpu will invest €53 million in Kloster
stainless steel cold rolling mill in
Sweden.
The investment will expand annual
production capacity of the mill from 25'000 tons to 45'000 tons.
The project is scheduled to be completed by 2006.
With the capacity expansion, the company aims to meet rising demand for thin gauge
stainless steel.