Outokumpu Oyj · OMXHEX:OUT1V
Outokumpu Oyj — Corporate Update (August 2001)
6 slides from Outokumpu Oyj's corporate update, Aug 22, 2001
Slide 1: Plan for restructuring AvestaPolarit melting activities
Plan for restructuring AvestaPolarit melting activities 22 August 2001
Slide 2: Outcome of strategic review
Outcome of strategic review Board decision to proceed: Restructure to improve overall cost efficiency of the Group’s melting activities. Establish strong platform for further development of Long Products. Plan for phased closure of Degerfors Stainless melting and billet rolling activities by m
Slide 3: Key issues and rationale
Key issues and rationale - Slide 1 AvestaPolarit is currently operating four steel melting shops Tornio 650 to 1650 kton/a Avesta 600 kton/a Sheffield 600 kton/a Degerfors 230 kton/a Ongoing major expansion at Tornio gives excess melting capacity from 2003 onwards. This provides an opportuni
Slide 4: Key issues and rationale
Key issues and rationale - Slide 2 Thorough analysis of melting shop restructuring options performed in connection with review of overall Group strategy. Time-frame of plan extending up to 2010. Study concludes that closure of the smallest melting shop at Degerfors and transfer of production t
Slide 5: Implications at Degerfors site
Implications at Degerfors site - Slide 1 Closure of the Degerfors Stainless operations planned to be concluded by mid-2003. Degerfors will continue to be the base for the Group’s Hot Rolled Plate business unit. It will continue to develop its business to maintain its position as the world’s le
Slide 6: Implications at Degerfors site
Implications at Degerfors site - Slide 2 Closure plan for Degerfors Stainless operations will result in a loss of 330 jobs out of a current 700 at the site. MBL-negotiations to start immediately. Personnel at both Degerfors Stainless and Hot Rolled Plate business units are affected by the clos