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.
Report Abusive Comment