Outokumpu signs a strategic partnership agreement with Sinopec Group on material development and deliveries of stainless steel. As part of the one-year agreement Outokumpu supplies Sinopec’s subsidiary China Petrochemical International Co., Ltd duplex stainless steel rolled billets in 2013 for seamless pipe in one of the largest oil refinery plants in the world and also in liquefied natural gas plants. Seamless pipes will be manufactured of rolled billets by local seamless pipe fabricators. The intention of the parties is to extend the partnership after this one-year agreement. Based in Beijing, China, Sinopec Group is one of the largest petroleum and petrochemical enterprise groups worldwide.
Says Lou Jianchang, Vice President of China Petrochemical International: “As China’s largest energy and chemical company, Sinopec has the responsibility to guarantee the nation’s energy security. The company has made persistent efforts in diversifying the energy mix and seeking more energy sources. Sustainable material is a critical element of this process. Outokumpu, as the biggest stainless steel supplier in the world, demonstrated their leadership through technical capabilities and good local customer service. We believe that together with Outokumpu we will reach our goal towards the sustained development of the nation’s economy and the society. We also look forward to exploring more opportunities with Outokumpu.”
Says Austin Lu, President – Stainless APAC at Outokumpu: “There is now a powerful need for sustainable and lasting solutions for the use of our natural resources. Around the world Outokumpu is meeting this need with its advanced materials. China is a key market for Outokumpu, and we are very happy to become a strategic partner of Sinopec.”
In China, Outokumpu focuses on special stainless steel grades in natural resource, energy, gas and oil industry, architecture, building and constructions, heavy transportation, paper industry, etc. In the recent years, Outokumpu has expanded its presence in China by introducing its advanced technologies and qualities into the Chinese market. In China, Outokumpu serves its customers through its service center in Kunshan and cold-rolling mill in Shanghai.
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 16 000 professionals in more than 40 countries, with headquarters in Espoo, Finland and shares listed in the NASDAQ OMX Helsinki. www.outokumpu.com