Outokumpu conducts a strategic review of its VDM high performance alloys
STOCK EXCHANGE RELEASE
May 13, 2013 at 11.00 am EET
Outokumpu has started a strategic review of its high performance alloys or VDM
business unit. During this review, Outokumpu will evaluate strategic options
for VDM and consider how best to drive continued growth and profitability for
the business, within or outside of Outokumpu.
Says Outokumpu CEO Mika Seitovirta: “Given the challenging economic and market
environment, we want to investigate strategic options for the VDM business unit
with the aim of improving our profitability and strengthening our balance sheet
while ensuring the realization of at least EUR 200 million of synergy savings
enabled by the Inoxum acquisition.”
Outokumpu acquired VDM as part of Inoxum in 2012. VDM is a global leader in the
market for corrosion and heat resistant high-performance materials, such as
nickel, titanium and zirconium alloys....