Outokumpu
Latest News
Outokumpu Completes Inoxum Transaction
02 January 2013 - Outokumpu announced the completion of the Inoxum transaction. The company now hold close to 40% of the stainless steel market share in Europe and 12 globally.
Outokumpu Appoints Johann Steiner as EVP — Human Resources
02 January 2013 - Outokumpu has appointed Johann Steiner as executive vice president — human resources and health, safety and sustainability.
Outokumpu Appoints Tamara Weinert as VP — Investor Relations
02 January 2013 - Mrs. Tamara Weinert has been appointed as vice president — investor relations at Outokumpu as of 28 December 2012.
ThyssenKrupp Stainless USA Fires Up Melt Shop; Calvert Site Now Fully Operational
10 December 2012 - The official startup of ThyssenKrupp Stainless USA's melt shop occurred today on the second anniversary of the Calvert, Ala., production site’s official grand opening in December 2010, fulfilling the site’s capabilities as a fully integrated stainless steel manufacturing facility.
Outokumpu Announces the European Commission Has Approved the Inoxum Transaction
07 November 2012 - The European Commission has approved the acquisition of Inoxum by Outokumpu. The transaction makes Outokumpu the new global leader in stainless steel and high performance alloys, the company says.
Outokumpu Reports Unsatisfactory Profitability in a Challenging Environment
24 October 2012 - Finnish stainless steelmaker Outokumpu reported continued positive cash flow but unsatisfactory profitability as it reported its third quarter earnings results. It also provided a short term outlook.
Siemens Receives Final Acceptance Certificate for EAF at Outokumpu in Finland
23 October 2012 - Outokumpu Oy, a Finnish steelmaker, issued Siemens VAI Metals Technologies in April with the final acceptance certificate for electric arc furnace no. 1 in the Tornio Stainless Steel Works.
Outokumpu Featured in Carbon Disclosure Leadership Index for Third Consecutive Year
23 October 2012 - Outokumpu’s approach to climate change disclosure is again recognized by the Carbon Disclosure Project (CDP) and Outokumpu is included in the Carbon Disclosure Leadership Index for the third consecutive year.
Outokumpu Submits a Binding Remedy Commitment Related to the Inoxum Transaction
09 October 2012 - After the rejection of the Swedish remedy by the European Commission, Outokumpu has now submitted a binding remedy commitment to ensure the approval of the Inoxum transaction.
Outokumpu Submits Alternative Remedy Proposal Related to Inoxum Transaction
01 October 2012 - Following the market testing of Outokumpu’s initial remedy proposal announced on 20 September 2012, the EU Commission has informed Outokumpu that the divestment of the Swedish melting and coil operations may not be sufficient to permit the approval of the Inoxum transaction.
Man of Steel: A Press-Register Interview with the Departing CEO of ThyssenKrupp Stainless USA
24 September 2012 - Before ThyssenKrupp Steel USA decided to sell its complex in Calvert, before the $5 billion facility was even built, Ulrich Albrecht-Frueh was in Alabama, helping plan the future of the Washington County plant.
Outokumpu Submits Remedy Proposal to the EU Commission in Relation to Inoxum Transaction
20 September 2012 - The EU Commission has informed Outokumpu that the approval of the proposed combination of Outokumpu and Inoxum will require an industrial remedy whereby Outokumpu divests a portion of the combined operations of Inoxum and Outokumpu. Following discussions with the EU Commission, Outokumpu has filed a remedy proposal in relation to the Inoxum transaction.
Outokumpu Ranks Again in the Dow Jones Sustainability World Index
17 September 2012 - Outokumpu’s strong sustainability performance has been recognized again by the Dow Jones Sustainability Indexes (DJSI) in their 2012 review.
Outokumpu Oyj Concludes Statutory Negotiations with General Stainless
10 September 2012 - Statutory negotiations concerning white-collar employees in General Stainless started in June 2012 have now concluded, Outokumpu announced. Negotiations were started after Outokumpu announced plans to improve the efficiency of its operations to reach sustainable profitability.
Outokumpu Duplex Specialty Stainless Breakthrough in the Chinese Water Heater Market
10 September 2012 - Outokumpu introduces duplex stainless steel to domestic water heaters in China producing the first-ever duplex water heater tank in cooperation with a local fabricator Phinx. Duplex stainless steel means that less material is required while superior corrosion resistance is maintained in the application.
Outokumpu Oyj Completes Divestiture of Part of European Stock Operations
04 September 2012 - Outokumpu has completed the transaction to divest part of its European stock operations to Amari, as announced on 4 July 2012.
Outokumpu Stainless Orders Heat Treatment Line for Stainless Steel Plates
22 August 2012 - Outokumpu Stainless AB has awarded SMS Siemag, Germany, a contract for the supply of a heat treatment line for stainless steel plates. The expansion will allow the Outokumpu Stainless works in Degerfors, Sweden, to boost its production of heat treated plates and improve the product quality.
Outokumpu Tornio Receives Environmental Permit Enabling Commissioning of Ferrochrome Extension
15 August 2012 - The Regional Administration of Northern Finland (PSAVI) has granted the Outokumpu Tornio site an environmental permit for its operations. The permit will enable the commissioning of the extension to the ferrochrome production capacity already under construction in the autumn of 2012 as planned.
Outokumpu Divests Part of Its European Stock Operations
04 July 2012 - Outokumpu is consolidating the group’s stocking operations into a smaller number of locations in Europe and deepening cooperation with independent distributors.
Outokumpu Streamlines Stainless Tubular Production
01 November 2006 -
