BRUSSELS Stainless steel
producer Outokumpu Oyj is considering divesting its VDM
alloy business, which it acquired in its merger with
ThyssenKrupp AGs Inoxum Group, in order to improve
The Finnish producer said it
will look for the best option in terms of growth and
profitability "within or outside of Outokumpu." The company
aims to make a decision on the future of VDM by the end of the
year, it said.
VDM, which specializes in corrosion and heat-resistant
alloys, such as nickel, titanium and zirconium, had sales of
around 1.3 billion ($1.69 billion) in 2012 and employs
approximately 2,000 people.
A version of this article was first
published by AMM sister publication Steel