PRESS RELEASE
10 May 2011 at 9.00 am EET
Outokumpu will deliver stainless steel to the German company Börger GmbH for
building tanks to be used in biogas production. This is Outokumpu's first order
for the recently launched new duplex steel grade LDX 2404®. The steel for the
tanks will be produced at Outokumpu in Avesta Sweden.
The main reasons for constructing the tanks in LDX 2404® are the high corrosion
resistance and excellent mechanical properties of the steel. By choosing LDX
2404®, Börger will be able to reduce the thickness of the plates by about 25%,
resulting in the same levels of weight reductions in the construction. This is a
highly cost efficient alternative to the corresponding conventional stainless
steel grades.
"We chose Outokumpu's LDX 2404® because of the excellent corrosion properties,
making the steel highly suitable for biogas tanks", says Mr. Gerd Buss at
Börger.
"Biogas is an important growth market as the need for renewable energy is
increasing. Moreover, these biogas tanks will be built in a for us new way- they
will be bolted, not welded. The advantage with bolted tanks is decreased
thickness and much shorter on site construction time. This is an exciting
project with the potential to open a new market for us", says Anders Magnusson,
Tank Application Manager at Outokumpu.
Outokumpu LDX 2404® was developed at Outokumpu's Research Centre in Avesta. The
steel was launched in late 2010 and it is the sixth member of the duplex
family. LDX 2404® has high corrosion resistance and excellent mechanical
properties. The grade is suitable for use in for example pressure vessels, tanks
and desalination plants. Duplex steel grades contain less nickel, and more
nitrogen and chrome than the corresponding conventional austenitic steel grades.
Outokumpu has a global market share of 50 percent in duplex steels.
For more information, please contact:
Anders Magnusson, Tank Application Manager, Outokumpu, tel. +46Â 226 81201,
mobile +46 730 584975
Elisabeth Hansson, Communications Manager Sweden, tel + 46Â 226 82651, mobile
+46 76Â 760 60 20
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 8 000 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 LDX press release 10.5.2011:
http://hugin.info/3010/R/1513734/449625.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Outokumpu Oyj via Thomson Reuters ONE
[HUG#1513734]
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.