OUTOKUMPU OYJ
PRESS RELEASE
September 23, 2016 at 2.00 pm EET

As the Benrath cold rolling mill produces its last coil, Outokumpu announces
today the completion of the Benrath closure and the transfer of the operations
to its cold rolling mill in Krefeld.

The Benrath closure follows the completion of NIFO (Nirosta ferritic
optimization) investment of EUR 108 million that started in 2014. The
investment in the production of the ferritic steel grades in Krefeld included
new pickling and bright annealing line, new batch annealing facility as well as
upgrading of cold-rolling and skinpass mills. The production ramp-up in Krefeld
has progressed according to schedule, and has now reached a state where the
production transfer from Benrath to Krefeld can be completed.

“The investment expanded and enhanced our capabilities in ferritic grades,
closing the Benrath cold rolling mill. We continue to serve our Benrath
customers from Krefeld with modernized tools, meeting their highest demands for
top-quality stainless steel. Thanks to the professionalism of both our Benrath
and Krefeld workforce we have accomplished both the investment and the transfer
of production safely and in schedule,” says Oliver Picht, Managing Director of
Outokumpu Nirosta GmbH.

The Benrath closure is a significant step in finalizing the restructuring of
Outokumpu’s European operations.

For more information:

Corporate Communications, tel. +358 9 421 3840

Outokumpu Group


Outokumpu is a global leader in stainless steel. We create advanced materials
that are efficient, long lasting and recyclable – thus building a world that
lasts forever. Stainless steel, invented a century ago, is an ideal material to
create lasting solutions in demanding applications from cutlery to bridges,
energy and medical equipment: it is 100% recyclable, corrosion-resistant,
maintenance-free, durable and hygienic. Outokumpu employs 11,000 professionals
in more than 30 countries, with headquarters in Helsinki, Finland and shares
listed in Nasdaq Helsinki.
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Benrath closure 23092016 ENG.pdf