at the very Core of it all … is Content!
Rome, 15 May 2014 – The International Stainless Steel Forum (ISSF) presented its annual Sustainability Awards during the organisation’s 18th conference (ISSF-18) held in Rome. TheISSF has split the Sustainability Award into two categories from this year, to recognise sustainability initiatives in two categories – People and Profit/Planet. Fifteen member companies submitted a total of …
Outokumpu delivers about 4,000 tonnes of LDX 2404 duplex stainless steel for the Husab uranium mine project in Namibia, Africa. Outokumpu stainless steel will be used in tanks, pressure vessels, clarifiers and columns. The deliveries have started and they will continue until September 2014. The Husab Mine project is owned by Swakop Uranium and the …
Highlights in the first quarter 2014 In line with management expectations Outokumpu’s operational performance continued to improve in the first quarter and underlying EBIT1) loss was EUR 45 million. Operating cash flow was EUR -14 million. Stainless steel deliveries grew by 9.1% and were 676,000 tonnes2) (IV 2013: 620,000 tonnes). Underlying EBITDA1) was EUR 37 …
Outokumpu announced today that the negotiations regarding the industrial plan have been successfully concluded with the employee representatives and unions in Germany. The industrial plan for Business Area EMEA Stainless was originally announced in October 2013, with a target of EUR 100 million annual savings, contributing to the overall annual synergy and cost savings of …
The Finnish Supreme Court has today rejected the petition for leave to appeal by the Finland’s state prosecutor regarding the verdict by the Kouvola Court of Appeal on April 19, 2012 in which it dismissed all charges against Outokumpu and its employees concerning export practices to Russia during 2004-2006. Said Kimmo Karihtala Vice President, Corporate …
March 25, 2014 at 11.00 am EET Outokumpu delivers 22 000 tonnes of Outokumpu Duplex 2205 stainless steel to a natural gas field project in Oman. Deliveries will start during the first half of 2014 and continue until 2016. “This is the largest single project in duplex stainless steel that Outokumpu has ever won. Outokumpu …
Outokumpu has completed the divestment of the Terni remedy assets, certain service centers and the VDM-business to ThyssenKrupp. Furthermore, Outokumpu has finalized the comprehensive debt financing arrangements. The transaction and measures were originally announced on November 30, 2013. Divestment of Terni and VDM to ThyssenKrupp completed In the transaction, the stainless steel mill in Terni, …
January 22, 2014 at 10.00 am EET Since the announcement of new Daily Alloy Surcharge (DAS) pricing model for distributor customers in Europe, Outokumpu has been discussing the new pricing model actively with its customers. As a result of the dialogue, Outokumpu plans to further develop the model to ensure a smooth transition to the …
Outokumpu is supplying high performance grade to the Indian engineering company, Thermax Limited, for the construction of a thermal power plant in India. Outokumpu’s proprietary austenitic 253 MA® grade stainless steel is widely used in thermal power plants as it withstands very high temperatures. Thermax operates in the areas of energy and environment and it …
As part of Outokumpu’s measures to strengthen its financial position and liquidity, Outokumpu has signed an agreement with funds managed by Proventus Capital Management AB to sell its loan receivable from Luvata Fabrication Ltd for a cash consideration of 157 million US dollars. The loan receivable is related to the divestiture of fabricated copper products …