Outokumpu Restructures Tubular Business
To
improve efficiency and cut costs, Outokumpu is restructuring its Stainless
Tubular Business Unit (OSTP) by selling its square and rectangular tube
business in Jakobstad, Finland, to the Finnish company Stalatube Oy, a
square and rectangular tube specialist. The tubes produced are not OSTP's core
business and increasing the market share and product range would have required
large investments, the company explained.
Outokumpu also intends to move production from Jakobstad's old lines, where
small welded pipe is produced, to the fully integrated laser annealing and
pickling lines in Nyby, Sweden.
