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Outokumpu Sold its Brass Rod Plant - Outokumpu has sold its brass rod plant in Drünen in the Netherlands to Bons & Evers Holding BV, a privately owned Dutch metals company - Outokumpu.com
Outokumpu Sold its Brass Rod Plant

 

NewswireToday - /newswire/ - Espoo, Finland, 2012/06/04 - Outokumpu has sold its brass rod plant in Drünen in the Netherlands to Bons & Evers Holding BV, a privately owned Dutch metals company - Outokumpu.com. OUT1V

   
 
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In 2011, the brass rod plant had a turnover of approximately EUR 75 million, and it currently employs approximately 170 people.

The consideration and cash flow impact of this transaction are marginal. However, Outokumpu will book a loss of approximately EUR 17 million in the Group’s second quarter accounts from this transaction. After the sale, Outokumpu has divested all its brass operations.

For further information, please contact:

Ingela Ulfves – Investor Relations
T: +358 9 421 2438 / M: +358 40 51 51 531

Saara Tahvanainen – Media Relations
T: +358 9 421 3265 / M: +358 40 589 0223

About OUTOKUMPU OYJ

Outokumpu (outokumpu.com) is a global leader in stainless steel with the vision to be the undisputed number one. Customers in a wide range of industries use our stainless steel and services worldwide. Being fully recyclable, maintenance-free, as well as very strong and durable material, stainless steel is one of the key building blocks for sustainable future. Outokumpu employs some 8 000 people in more than 30 countries. The Group’s head office is located in Espoo, Finland. Outokumpu is listed on the NASDAQ OMX Helsinki.

 
 
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Written by / Agency / Source: Outokumpu OYJ

 
 

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Outokumpu Sold its Brass Rod Plant

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Publisher Contact: Press Office - Outokumpu.com 
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