Outokumpu
Latest News
Outokumpu Renews Leadership Team to Accelerate Strategy Execution
17 June 2013 - Outokumpu announced changes in its leadership team in order to further accelerate the production optimization and capacity reductions.
Outokumpu Supplies Tailor-Made Stainless Steel for Stolt Chemical Tankers
10 June 2013 - Outokumpu will supply 12,250 tonnes of duplex 2205® stainless steel to a Chinese shipyard for five chemical tankers ordered by Stolt Tankers.
Outokumpu Gives Update on the Terni Divestment Process
07 June 2013 - In a challenging environment for the European stainless industry, Outokumpu says it is maintaining an active dialogue with the European Commission, the Italian government and local Terni institutions to facilitate the AST divestment as soon as possible.
Outokumpu Inaugurates New Ferrochrome Works in Tornio, Finland
05 June 2013 - Outokumpu is celebrating the inauguration of the new ferrochrome works in Tornio, Finland. Inauguration marks the start of the ramp-up phase of the € 410 million investment project ahead of schedule.
Outokumpu Unveils New Vision, Prodcts and Pricing Model; Comments on Its Strategy Progress
22 May 2013 - At Outokumpu Experience, the company’s global event in London for customers, partners and analysts, Outokumpu launched its latest addition to the duplex product family, the FDX platform, introduced a new pricing model and commented on its strategy progress and the Terni divestment process.
Outokumpu Conducting Strategic Review of Its VDM High Performance Alloys Business
17 May 2013 - Outokumpu has started a strategic review of its high performance alloys or VDM business unit. During this review, Outokumpu will evaluate strategic options for VDM and consider how best to drive continued growth and profitability for the business, within or outside of Outokumpu.
Siemens Receives FAC from Outokumpu for Stainless Steel Plant in the USA
17 May 2013 - At the beginning of April, Siemens Metals Technologies received the final acceptance certificate for the stainless steel works owned by Outokumpu Stainless in Calvert, Ala.
Outokumpu Stainless Steel Creates Lighter Tanks and Lower Maintenance Costs
07 May 2013 - Outokumpu delivered 150 tons of stainless steel sheet for the construction of storage tanks by Japrotek, a Finnish company that produces agitators, pressure vessels and large tanks, built on site, for the process industries.
Outukumpu Reports Quarterly Results in Challenging Stainless Steel Market
30 April 2013 - For the second quarter, Outokumpu expects sequentially flat or slightly lower delivery volumes, weaker product mix and increased uncertainties from the nickel price development to be partially offset by the positive effects of its Ferrochrome and Calvert ramp-ups.
Outokumpu Proceeds with Efficiency Measures Which Will Results in Job Reductions
25 April 2013 - As part of its intention to significantly reduce its operating expenses and return the company to profitability, Outokumpu has announced plans that are expected to result in job reductions.
Outokumpu Appoints Senior Vice President – Sales, Stainless Coil EMEA
04 March 2013 - Olli-Matti Saksi has been appointed as Outokumpu’s senior vice president – sales, Business Area Stainless Coil EMEA as of 2 April 2013.
Outokumpu Comments on the Terni Divestment
20 February 2013 - Outokumpu is currently in the process of divesting the Terni operations as required by the European Commission. There are several interested parties and buyer candidates; a decision has yet to be made.
Outokumpu Reports Negative Operating Results in Weak Market Environment
15 February 2013 - Outokumpu reported weak operational results for 2012 and says the 2013 starting point for the new Outokumpu is more challenging than anticipated due to continued weakness in the markets for stainless steel in Europe and globally.
Outokumpu Changes Its Reporting Segments
14 February 2013 - In December 2012, Outokumpu completed the Inoxum transaction and implemented a new company structure with four business areas that provide the full range of stainless steel as well as high performance alloys.
Outokumpu Stainless USA Opens World-Class Melt Shop to the Media
30 January 2013 - Outokumpu Stainless USA opened the doors of its new melt shop for the first time on Thursday, 24 January 2013 for members of the media so they could get a first-hand view of the world class operation.
Outotec Applies for Summons Against Outokumpu in Technology Patent Dispute
28 January 2013 - Outotec submitted application for summons against Outokumpu Oyj in a patent dispute regarding a new invention in ferroalloys technology.
Outokumpu and Outotec Enter Legal Dispute Over Invention Rights
24 January 2013 - Outokumpu Oyj and Outotec Oyj have entered into a legal dispute over invention rights related to a ferrochrome production method.
Tubinoxia Becomes Majority Stakeholder in Tubular Joint Venture with Outokumpu
18 January 2013 - Outokumpu’s partner in the OSTP tubular joint venture, Tubinoxia S.r.l. has exercised its call option and acquired additional 15% of the joint venture’s shares from Outokumpu.
ThyssenKrupp Stainless USA Changes Name to Outokumpu Stainless USA; Seeks to Fill 150 New Positions
08 January 2013 - As a result of the sale of ThyssenKrupp’s stainless unit to Outokumpu, ThyssenKrupp Stainless USA has changed its name to Outokumpu Stainless USA and is looking to fill 150 new full time positions.
ThyssenKrupp Stainless USA Changes Name to Outokumpu Stainless USA; Seeks to Fill 150 New Positions
08 January 2013 - As a result of the sale of ThyssenKrupp’s stainless unit to Outokumpu, ThyssenKrupp Stainless USA has changed its name to Outokumpu Stainless USA and is looking to fill 150 new full time positions.
