OUTOKUMPU NIROSTA, Krefeld-Germany

 

BACKGROUND :

Producer of Stainless Steel Strip and Coil with annual capacity of 600.000 tons.

TYPE OF SALE :

-Private Treaty Sale

EQUIPMENT :

EAF (Electric Melting Furnace), AOD (Argon Oxygen Decarburization) aConverter, Continuous Slab Casting Plant, Continuous Strip Caster with Rolling Mill, Auxiliary Equipment: Baghouse (Dust Extraction Plant), Overhead Cranes.

TRANSACTION :

A few years after Outokumpu acquired ThyssenKrupp Nirosta, it was decided to reduce some of the capacity and the Krefeld Melt Shop was one of the first ones to be closed down. Hilco was awarded with the sale of the Krefeld Melt Shop.

HIGHLIGHT :

Hilco contacted all companies in the Stainless- and Steel Industry worldwide, many companies were interested and visited the site. After studying the feasibility of moving the entire facility to their home country, many came to the conclusion this was possible, however most of them could not raise the financing, needed for this complex project. In the end we concluded a sale of the entire facility to an Asian Steel Company. Dismantling, packing and shipping is expected to take well over one year.

CONCLUSION :

Despite a difficult Steel Market, Hilco was able to find a buyer and concluded a sale of the entire facility.

Outokumpu