Outokumpu teams with accenture to develop an it master. Outokumpu is a leader in high value added austenitic and duplex grades. The new outokumpu starts operations on december 29, 2012, with a new structure and leadership. At the end of may, the company introduced a new logo designed by helsinkibased n2 nolla and a new vision, a world that lasts forever. Ss elbows, tees, reducers, pressed collars and caps are manufactured according to astm a403, with different grades 304l, 316l and different wall thickness sch 10s, sch 40s. Outokumpu is designated hereinafter as the notifying party, while outokumpu and inoxum are designated hereinafter as the parties. Financial values in the chart are available after outokumpu distribution hungary kft. The town has nearly 8000 inhabitants and it is situated on the western border of north karelia. Outokumpu reveals loss and plan to buy inoxum financial. Outokumpus youtube channel provides you valuable information about whats happening in the industry and outokumpus operations worldwide. Outokumpu also has a long history as a mining company, and still mines chromium ore in keminmaa for use as ferrochrome in stainless steel.
Outokumpu, the global leader in stainless steel, is set to open a multifunctional business services center in vilnius. In 2014, wipro had been selected by outokumpu as a partner for applications maintenance and development of legacy applications across 10 countries. In 2012 outokumpu acquired inoxum, the stainless steel arm of thyssenkrupp, making it an even bigger company with 16,000 employees in more than 40 countries. This is where the steel rolls, which can weigh more than 30,000 kg, are processed into strips or plates. The reason for presenting these measures is that either they are. Outokumpu completes acquisition of distributor hernandez edelstahl outokumpu has fully acquired german stainless steel distributor hernandez edelstahl, the finnish stainless steel producer said in an interim earnings statement on thursday november 3. According to a german newspaper the finnish outokumpu steel corporation declared yesterday that they will definitely close their stainless steel mill in bochum, germany they only just had bought from thyssenkrupp in 2016. Dec 28, 2012 furthermore, outokumpu is considering a reduction of thin cold rolling capacity in sweden from 2014 onwards. The overall financial effect of the acquisition was not significant, outokumpu said of. Outokumpu bought inoxum from thyssenkrupp for a consideration of eur 3. Outokumpu is a global stainless steel manufacturer.
Outokumpu is best known for its history of mining industry. Preferred customer information center please click the logo above to continue. Butt weld fittings are manufactured from either tubes, sheets or strip depending on product and dimension. The process starts from kemi mine and ferrochrome unit and continues all. In 2012, outokumpu acquired german stainless steel producer inoxum from thyssenkrupp. Outokumpu aktie aktienkurs kurs 885421,fi0009002422.
Outokumpu and inoxum will create a company with 11. Outokumpu and thyssenkrupp ag have completed the inoxum transaction the new outokumpu starts operations on december 29, 2012 with a new structure and leadership the combination is structured to create significant annual cost synergies of meur 200 on an annual basis, of which meur 50 are expected already in 20, and cumulatively up to meur 150 in 2014. May 14, 2020 outokumpu oyj analyst estimates by marketwatch. Shanghai krupp stainless, outokumpus cold rolling mill in china. Outokumpu is the largest producer of stainless steel in europe and the second largest producer in the americas. Outokumpu launched a global safety awards program in 2019. Thyssenkrupp to take back terni, vdm from outokumpu. In depth view into outokumpu price including historical data from 2011, charts, stats and industry comps. Outokumpus site in tornio, finland is the most integrated stainless steel mill in the world. The most interesting sight in outokumpu is the old mine with its museum of mining. Seismic 3d full waveform response of outokumpu type ore kari komminaho 1, niina hellqvist 1, hilkka tuomi 1, emilia koivisto 1, suvi heinonen 2, pekka heikkinen 1 abstract outokumpu.
Outokumpu has its headquarters in finland and its products are used in demanding applications around the world, for example in the construction of 3 world trade centre in new york and in the reconstruction of gaudis sagrada familia basilica in barcelona. Countrys third largest software services firm wipro today said it has bagged a new fiveyear deal from global stainless steel maker outokumpu. Outokumpu 2 outokumpu is a finnish public company listed on the helsinki stock exchange5. The purpose of this study was to develop an innovative supervisor system to assist the operators in an industrial manufacturing process to help discover new alternative solutions for improving. Outokumpu oyjadr earned a news sentiment score of 5. As part of the p250 program, outokumpu divested part of its.
The finnish outokumpu group takes over the nirosta mills now called inoxum in 2012. They also gave news coverage about the company a news buzz of 0. Outokumpu boasts the widest product portfolio in the market, costefficient and modern mills, our own source of chrome and 100 years of expertise in metals, technology and mining. This animation describes how stainless steel is made in outokumpu. Outokumpu oyj is a group of international companies headquartered in helsinki, finland, employing 10,600 employees in more than 30 countries. The transaction is designed to create a new global leader in stainless steel under the operational leadership of outokumpu. View out1v revenue estimates and earnings estimates, as well as analyst recommendations. Otk apps mtc report outokumpu mtc report app is been released. Nachrichten zur aktie outokumpu oyj 885421 fi0009002422. With close to 40% market share in europe and 12% globally, the broadest portfolio in the industry and unparalleled technical expertise and customer knowledge, outokumpu starts as a clear global leader in stainless steel and high performance alloys. Pdf seismic 3d full waveform response of outokumpu type ore. As a result of the inoxum transaction thyssenkrupp has become a major shareholder in outokumpu through directed share issue, holding 29. In november 2012, the european commission found this acquisition would have created an eu market dominance for coldrolled stainless steel flat products with outokumpu market share above 50%.
By attending the meeting where this presentation is made, or by reading the. Outokumpuinoxum 2012 coldrolled stainless steel ssabrautaruukki 2014. Outokumpu reveals loss and plan to buy inoxum financial times. The advice algorithm takes into account all of outokumpu oyj available fundamental, technical, and predictive indicators you will find on this site. The finnish company has production locations around the world. The company operates through its general stainless and specialty stainless segments, the former producing stainless steel coil, wire, rod, and bar products, while the latter makes special. Finlandbased stainless steel producer outokumpu has announced that it has completed the acquisition of inoxum, the stainless steel unit of the german steel giant thyssenkrupp. About company outokumpu is an international stainless steel and technology company. In a history that is as old as that of stainless steel itself the company has operated from established sites in germany and the uk, where stainless steel was invented in the 1900s and in sweden, where. Outokumpu oyj is out to make its mark but still wants to keep its products stainless.
Outokumpu has completed the inoxum transaction and assumes. Outokumpu careers and employment about us this article is about a company. Today, the company operates globally and aims to be an industry leader. The board of directors of outokumpu has today approved the proposed combination of outokumpu and inoxum, the stainless steel unit of thyssenkrupp. Finlandbased stainless steelmaker outokumpus shareholders have approved the 2. This presentation contains, or may be deemed to contain, statements that are not historical facts but forwardlooking statements.
Outokumpu copper valley cast llc occupational safety and. Macroaxis provides outokumpu oyj buy hold or sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding out1v positions. Emis company profiles are part of a larger information service which combines company, industry and country data and analysis for over 145 emerging markets. Outokumpuinoxum case, but the precise market definition was ultimately left open. Outokumpu puts rs 300crore india investment plan on hold 14 dec, 2008, 09. Outokumpu and inoxum are highly complementary in terms of product offering. Outokumpu is a world leader in the area of stainless steel and highquality alloys. Outokumpu as it is known today was formed through the acquisition of avesta sheffield in 2001 and inoxum, the stainless steel arm of thyssenkrupp, in 2012. Outokumpu is a global leader in stainless steel that has been instrumental in developing the stainless steel industry into what it is today. Hot and cold rolled coil, strip, sheet, precision strip, quarto plate, bar, wire rod, rebar and semifinished long products.
The process starts from kemi mine and ferrochrome unit and continues all the way from melt shop to hot and cold rolling mill. Outokumpu oyj stock exchange release may 10, 2017 at 9. We create efficient, long lasting and recyclable materials thus building a world that lasts forever. Thank you for visiting our website you are exiting the department of labors web server. Nov 21, 2008 did you know the famous sculpture god our father on the rainbow was made out of outokumpu s stainless steel. On 31 january 2012, outokumpu announced it would buy inoxum, the stainless steel division of german thyssenkrupp, for 2. Customer story outokumpu outokumpu unified investment calculations with invest for excel software the starting point and the challenges of investment calculations company name outokumpu. In 2012, outokumpu acquired all shares from both inoxum gmbh and. Outokumpu is active in the production, sale and distribution of stainless steel. Euroland outokumpu oyj company presentation share data.
Outokumpu oyj agreed to buy thyssenkrupp ags inoxum stainless steel division in a deal valuing the german unit at about 2. Helsinki stock quote outokumpu oyj bloomberg markets. By login you will get access to daily alloy surcharges for european customers. Here you can find our interim reports and statements, annual reports, sustainability reports and ir presentations. Outokumpu is a group of companies headquartered in espoo, finland, producing stainless steel, employing about 12,000 employees in more than 30 countries. The acquisition expected to close by the end of 2012 will be funded by a 1 billion rights issue of new outokumpu stock. Outokumpu has a centurylong tradition in metals and has been a key player in the development of the stainless steel business. Outokumpu oyj is a finlandbased stainless steel company. The company produces a range of stainless steel products, including hot and cold rolled, precision strip, tubular and stainless long. The company stated that the transaction enables a strategic optimization of production capacities, production.
The department of labor does not endorse, takes no responsibility for, and exercises no control over the linked organization or its views, or contents, nor does it vouch for the accuracy or accessibility of the information contained on the destination server. This presentation contains, or may be deemed to contain, statements that are not historical facts. Jan 20, 2016 this animation describes how stainless steel is made in outokumpu. Outokumpu inoxum case, but the precise market definition was ultimately left open. Germanys thyssenkrupp is set to take back italian steel plant terni and the vdm highperformance alloy unit from finlands outokumpu, a german newspaper reported late on friday. After outokumpu acquired inoxum, there were basically only three outokumpu, acerinox and aperam. With close to 40% market share in europe and 12% globally, the broadest portfolio in the industry and unparalleled technical expertise and customer knowledge, outokumpu starts as a clear global leader in. Outokumpu announces today the completion of the inoxum transaction. Outokumpu completes acquisition of distributor hernandez. There are also exhibitions of stones and minerals, and a restaurant. Outokumpu has a rich tradition in metals, and the company has been instrumental in developing the stainless steel industry into what it is today.
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