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    OUT1V   FI0009002422

OUTOKUMPU OYJ

(OUT1V)
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Delayed Nasdaq Helsinki  -  05:06 2022-10-05 am EDT
3.781 EUR   -1.28%
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Outokumpu Oyj : divests its plate services in Castelleone, Italy – coil services and quarto plate sales unaffected

06/17/2022 | 07:23am EDT
Outokumpu divests its plate services in Castelleone, Italy - coil services and quarto plate sales unaffected

Outokumpu
News
June 17, 2022

Outokumpu divests its plate services in Castelleone, Italy - coil services and quarto plate sales unaffected

Outokumpu's plate services in our service center in Castelleone, Italy, is to be taken over by one of our biggest customers in Italy, Mariotti stainless steel group. All plate services and operations in Castelleone, machines and stock transfer to Mariotti. Apart a few exceptions, also the existing contracts and sales orders are transferred to Mariotti.

Coil service center in the same location continues its operations normally, and it is not impacted by this deal in any way. Outokumpu also continues to sale quarto plate to distributors and tube producers as before.

Mariotti has three stainless steel service centers in northern Italy, located in Pontevico (Brescia) and Gravellona Toce (Verbania). "Mariotti is looking to complete their offering on the market and in special products. For Outokumpu, Mariotti has been a very good customer of ours, and the cooperation continues with Outokumpu as a supplier and Castelleone service center as a part of our customer's operations. We are glad to have found Mariotti Group as the best owner to further develop the business in Italy," says Marc-Simon Schaar, head of M&A.

"We are very pleased with this result that will consolidate our partnership with one of our best customers. I have great trust in the Mariotti Group for the future development of the center, as they have long experience, professional know-how and personal skills. A big thank also to our people that for many years have worked with great commitment and professionality at the Outokumpu plate service center in Castelleone," says Sergio Scampini, head of sales, Italy and Greece.

For more information, please contact:

Outokumpu media desk, tel. +358 9 421 3840

Disclaimer

Outokumpu Oyj published this content on 17 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2022 11:22:07 UTC.


© Publicnow 2022
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Net income 2022 813 M 810 M 810 M
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Last Close Price 3,83 €
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Heikki Pekka Mikael Malinen President & Chief Executive Officer
Pia Aaltonen-Forsell Chief Financial Officer
Kari Alpo Erik Jordan Chairman
Stefan Erdmann Chief Technology Officer
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