March 18, 2020 / 2:20 PM / 18 days ago

BRIEF-Outokumpu's Capital Expenditures To Be About EUR 220 Mln In 2020

March 18 (Reuters) - Outokumpu Oyj:

* OUTOKUMPU HOLDS CAPITAL MARKETS DAY 2020

* IN 2020, WE CONTINUE TO STRENGTHEN OUR BALANCE SHEET AND REDUCE NET DEBT WITH A STRONG FOCUS ON CASH GENERATION AND EFFICIENT MANAGEMENT OF WORKING CAPITAL

* OUR TARGET IS TO RELEASE AN ADDITIONAL 100 MILLION EUROS FROM NET WORKING CAPITAL ON TOP OF THE 220 MILLION EUROS THAT WERE RELEASED LAST YEAR

* IN 2020, CO’S CAPITAL EXPENDITURES ARE EXPECTED TO BE ABOUT EUR 220 MLN DRIVEN BY A FEW STRATEGIC INVESTMENTS SUCH AS THE EXPANSION OF THE KEMI CHROME MINE, DIGITALIZATION AND THE FERRITICS INVESTMENT IN THE US

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Further company coverage: (Gdansk Newsroom)

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