Tag «Terni»

OUTOKUMPU COMPLETES THE DIVESTMENT OF TERNI AND VDM TO THYSSENKRUPP AND CONCLUDES THE DEBT FINANCING ARRANGEMENTS

Outokumpu has completed the divestment of the Terni remedy assets, certain service centers and the VDM-business to ThyssenKrupp. Furthermore, Outokumpu has finalized the comprehensive debt financing arrangements. The transaction and measures were originally announced on November 30, 2013. Divestment of Terni and VDM to ThyssenKrupp completed In the transaction, the stainless steel mill in Terni, …

Outokumpu – Good progress on synergies, cost saving and ferrochrome offset by weak market and disappointing progress in Americas

Developments in the second quarter 2013 In line with guidance, the second quarter 2013 showed flat underlying EBIT losses versus the first quarter 2013 in a challenging environment with a continuously falling nickel price leading to lower deliveries and lower margins. During the second quarter of 2013, global demand was up by 3.8%, but the …