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    OUT1V   FI0009002422

OUTOKUMPU OYJ

(OUT1V)
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Delayed Nasdaq Helsinki  -  11:29 2022-09-30 am EDT
3.540 EUR   +1.00%
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Outokumpu Oyj : Outokumpu introduces new high-chromium ferritic and austenitic grades

10/31/2013 | 04:14am EDT

Outokumpu introduces new high-chromium ferritic and austenitic grades

OUTOKUMPU OYJ
PRESS RELEASE
October 31, 2013 at 10.00 am EET 


Outokumpu continues to bring new innovations to market and is now expanding its product range with two new high-chromium stainless steel grades, ferritic grade EN 1.4622 and austenitic grade EN 1.4420.

"We are proud to introduce two major innovations. The ferritic grade Outokumpu 4622 is our first high-chromium grade, while the new austenitic Outokumpu 4420 grade is completely new in the market. Both grades offer tangible benefits to our customers for example in corrosion resistance, strength and formability, and are competitive alternatives in terms of alloying," says Pekka Erkkilä, Chief Technology Officer at Outokumpu.

The ferritic 4622 grade is Outokumpu's first high-chromium ferritic grade. It is suitable for demanding applications including façades, elevators, catering or automotive industry. It has similar corrosion resistance but better deep-drawability than the standard 304 grade.

The austenitic 4420 grade is acid-resistant and is suited for example for heavy industries, such as construction, pulp and paper, or structures, piping or water treatment applications. Compared to the 316L, it has improved corrosion resistance and higher strength.

The ferritic steel grade fulfills ASTM UNS S44330 requirements, and work is in progress for EN standardization. For the austenitic high-chromium grade, both ASTM and EN standardization is ongoing. Outokumpu has conducted pilot tests for both grades and they are now available for Outokumpu customers.

More and datasheets information on outokumpu.com:

Austenitic grades
Ferritic grades

For more information, please contact:

Saara Tahvanainen, tel. +358 40 589 0223

Outokumpu Group

Outokumpu is the global leader in stainless steel and high performance alloys. 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 more than 15 000 professionals in more than 40 countries, with headquarters in Espoo, Finland and shares listed in the NASDAQ OMX Helsinki. www.outokumpu.com



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Sales 2022 10 108 M 9 912 M 9 912 M
Net income 2022 815 M 799 M 799 M
Net cash 2022 323 M 317 M 317 M
P/E ratio 2022 2,03x
Yield 2022 8,50%
Capitalization 1 603 M 1 571 M 1 571 M
EV / Sales 2022 0,13x
EV / Sales 2023 0,13x
Nbr of Employees 9 173
Free-Float 79,8%
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Number of Analysts 14
Last Close Price 3,54 €
Average target price 5,67 €
Spread / Average Target 60,2%
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Managers and Directors
Heikki Pekka Mikael Malinen President & Chief Executive Officer
Pia Aaltonen-Forsell Chief Financial Officer
Kari Alpo Erik Jordan Chairman
Stefan Erdmann Chief Technology Officer
Pierre Vareille Independent Director
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