Outokumpu and CRONIMET are working together to optimize the raw material cycle: regionally processed scrap for the production and consumption of stainless steel in Europe.
“This partnership is another step towards achieving the sustainable development goals: a low carbon footprint in the production of stainless steel with regional scrap and through shorter transport routes to Outokumpu’s stainless steel mills,” says Jürgen Pilarsky, CEO of CRONIMET Holding GmbH.
In addition to supplying Outokumpu’s European stainless steel mills with stainless steel scrap from CRONIMET’s sites in northeastern Europe, the two companies have also agreed in this partnership to work together on innovation and research. Together they intend to work on technologies that contribute to the decarbonization of the stainless steel industry. The partnership also focuses on reducing costs through better planning on both sides and reducing waste within the supply chain.
"We are pleased to partner with CRONIMET as we share a common goal in terms of regional development – accelerating the circular economy in the Northeast European market area while paying attention to sustainability and CO2 reduction during transportation and stainless steel production," expressed Marc-Simon Schaar, Chief Procurement Officer at Outokumpu.
As a shareholder, Outokumpu acts as a strategic partner in CRONIMET’s North-East Europe business, expanding the existing successful cooperation. CRONIMET retains full operational control over the participating companies of CRONIMET North-East GmbH. An expansion of the shareholding in CRONIMET North-East or an investment in other companies of the CRONIMET Group is not planned.
The completion of the transaction is subject to customary closing conditions and regulatory approvals by the competition authorities.
The CRONIMET Holding Group, based in Karlsruhe, Germany, is a global specialist for stainless steel scrap, ferroalloys and primary metals. The focus here is on returning metallic raw materials to the material cycle through recycling and processing, thereby contributing to the safeguarding of raw materials and raw material efficiency. The company has been supplying raw materials to the stainless steel producing industry for more than four decades. The CRONIMET Holding Group was founded in 1980 and today has more than 1600 employees at over 60 locations worldwide.
CRONIMET Holding GmbH
Südbeckenstraße 22
76189 Karlsruhe
Telefon: +49 (721) 95225-494
http://www.cronimet.de
Corporate Communication
Telefon: 004972195225476
E-Mail: public-relations@cronimet.de
