Tuesday, August 4th, 2020

Outokumpu india to focus on growing high end stainless steel applications

INVC NEWS
Mumbai
Finnish  Stainless Steel major Outokumpu announced that it will mainly focus on growing high end segment in India ,Outokumpu is the global leader in stainless steel and a pioneer in product and application innovations with production facilities in Finland, Germany, Sweden, the UK, the USA and Mexico. In India, the company will mainly focus on high end application segment including  growing energy sector which include nuclear, renewable and fossil energy. Other key offerings include applications for oil & gas, railways, chemical processing industries, coastal bridges and desalination plants where human safety and process efficiency elements play a key role. ” said Mr Rajeev Sherry,  Managing Director, Outokumpu India.

“Stainless steel is the fastest growing segment of the metals industry with a variety of applications. New applications are being continuously developed to meet more stringent requirements. In India, demand for stainless steel is on constant increase due to awareness about the product and availability of right grades and sizes. The demand for the corrosion free metal is growing in high end industries including oil & gas, energy and shipping-related industries, railways, ports, infrastructure and automotive where corrosion is a serious issue,” said Mr Rajeev Sherry.

“Apart from providing speciality steel to high end industries, Outokumpu continues   to   offer   competitive cost advantages to other segments such as Architecture, Building and Construction (AB&C), food processing, capital goods, Railways and pulp & paper industry.” Said Mr Sherry

“Outokumpu is recognized worldwide for its environmental work, and sustainability is at the core of the company’s purpose – working towards a world that lasts forever. Stainless steel itself is sustainable material – it is durable and 100% recyclable. The recycled content of Outokumpu products is over 85% against the industry average of 60%.  Outokumpu’s unique track record in sustainable performance is the result of a long-term commitment, and in India, we will continue on the same path,” added Mr Sherry.

 

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