OUTOKUMPU INVESTING EUR 90 MILLION IN REPLACEMENT OF THE ANNEALING AND PICKLING LINE 2 IN TORNIO

| Source: Outokumpu Oyj Outokumpu Oyj 

OUTOKUMPU OYJ STOCK EXCHANGE RELEASE FEBRUARY 1, 2007 AT 2.15 PM

OUTOKUMPU INVESTING EUR 90 MILLION IN REPLACEMENT OF THE ANNEALING
AND PICKLING LINE 2 IN TORNIO

Replacing one of the five Annealing and Pickling Lines in
Outokumpu´s Tornio Works will give an additional capacity of 75 000
tons of cold rolled products. It will also improve the capability to
produce brighter ferritic steel grades and enhance Outokumpu’s
flexibility to meet customer needs.
       
Replacement of the Annealing and Pickling Line 2 (AP2-line) is the
second step of Outokumpu´s way to the ferritic market. It will
complement the earlier announced EUR 13 million investment in Batch
Annealing Furnaces in the Hot Rolling Mill of Tornio Works, which
will start ferritics production in the first quarter of 2007 as
planned.
       
The new AP-line will have an annual capacity of 300 000 tons and it
will be capable of producing austenitic and ferritic products with a
minimum set-up time. The new line will replace the existing one in
the same building. The line was first built in 1982. The total value
of the investment is EUR 90 million, spread over three years.
       
After the investment is fully ramped-up, the nominal capacity of the
Cold Rolling Plant in Outokumpu’s Tornio Works will be over 1 250
000 tons. The shut down of the old AP2-line will take place during
the fourth quarter of 2008 and production in the new line will start
by the end of 2008, with full capacity available by the end of 2009.
The shutdown and ramp-up will not have significant impact on the
total capacity of the Cold Rolling Plant in 2008 or 2009.
       

For further information please contact:
       
Antti Pihko, SVP – Tornio Works, tel. +358 16 454 278,
mobile +358 40 848 294
       
Eero Mustala, SVP – Corporate Communications, tel. +358 9 421 2435,
mobile + 358 40 504 5146
       
       
OUTOKUMPU OYJ
Corporate Management
       
Ingela Ulfves
Vice President - Investor Relations
tel. (09) 421 2438, mobile 040 515 1531, fax (09) 421 2125
e-mail: ingela.ulfves@outokumpu.com
www.outokumpu.com