Finnish Steelmaker to Create over 100 Jobs

Finnish steelmaker Outokumpu plans to create around 120 jobs by doubling its ferrochrome production capacity in the northern towns of Tornio and Kemi. The investment will cost 440 million euros.

Outokumpu is to double its ferrochrome production capacity in Finland to 530,000 tonnes annually. The decision to expand was made two years ago, but was postponed due to the financial crisis and unstable market conditions.

The plan will increase Outokumpu’s annual carbon dioxide emissions by around 270,000 tonnes. However, Outokumpu says it is relying on energy-efficient technology. The company adds that this will decrease global carbon dioxide emissions by about one million tonnes because it won't need to source ferrochrome from South Africa or Kazakhstan, which rely on fossil-based energy.