Outokumpu restructures for more efficient produ...

PRESS RELEASE
January 17, 2011 at 5.00 pm EET


As of March 1, Outokumpu's Specialty Stainless operations will have a new
organisation. The new business units Special Coil and Special Plate will replace
the former units Special Coil & Plate and Thin Strip.

"With this change we develop a flatter and more efficient organisation with
increased operational focus. We aim at creating stable profitability through
increased sales of special products and more efficient production. In the medium
and long-term, special stainless products are strategically well positioned,
supported by good demand prospects for tailored products. In addition, there is
great potential to increase our exports to fast-growing markets outside Europe,
says Bo Annvik, head of Specialty Stainless.

The heads of the new business units will be:

Jacob Sandberg - Special Coil, comprising the Swedish units Avesta Works,
Klippcenter in Avesta and the former Thin Strip Nyby in Eskilstuna. Jacob
Sandberg will also be the new site manager at Avesta Works.

Leif Rosén - Special Plate, comprising the quarto plate units in Degerfors,
Sweden, and New Castle, USA, the unit in Willich, Germany, as well as Pressplate
and Prefab in Avesta and Plate Service Centre Nordic in Degerfors.

The Kloster plant in Sweden will be included in the Group's General Stainless
operations.

Marie Louise Falkland, at present site manager at Avesta Works, will be heading
the Group's research centre in Avesta.

The Specialty Stainless operations include the plants producing special
stainless steel and products.

For more information, please contact:

Bo Annvik, head of Specialty Stainless, +46 226 826 01
Jacob Sandberg, head of Special Coil, +46 226 826 18, [phone]
Leif Rosén, head of Special Plate, +46 586 476 00, +46 703 30 41 86

OUTOKUMPU OYJ

Outokumpu is a global leader in stainless steel with the vision to be the
undisputed number one. Customers in a wide range of industries use our stainless
steel and services worldwide. Being fully recyclable, maintenance-free, as well
as very strong and durable material, stainless steel is one of the key building
blocks for sustainable future. Outokumpu employs some 7 500 people in more than
30 countries. The Group's head office is located in Espoo, Finland. Outokumpu is
listed on the NASDAQ OMX Helsinki. www.outokumpu.com



ENG Restructuring Specialty Stainless: 


http://hugin.info/3010/R/1480263/415826.pdf




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Source: Outokumpu Oyj via Thomson Reuters ONE

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