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Outokumpu to invest 370 mln in Finland, Germany

Thu Jan 31, 2008 6:01am EST

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HELSINKI, Jan 31 (Reuters) - Finnish stainless steel maker Outokumpu (OUT1V.HE) said on Thursday it plans to invest a total of 370 million euros ($550 million) in an upgrade of steel production in Finland and in a service centre in Germany.

Outokumpu said it would invest in starting production of high-quality ultra-clean ferritic stainless steel grades as well as bright annealed austenitic and ferritic stainless steel products in Tornio, northern Finland. (Reporting by Sami Torma; Editing by Greg Mahlich)



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