at the very Core of it all … is Content!
Outokumpu is subject to the renewable energy charge applied to all companies operating in Germany. As an energy intensive company facing global competition, Outokumpu is entitled to a reduction of these charges. For the year 2013 this reduction was initially denied by the German authorities. After a constructive dialogue and a clarification of Outokumpu’s application …
Outokumpu announced on November 30, 2013 comprehensive measures to strengthen its balance sheet and the divestment of Terni and VDM business to ThyssenKrupp in exchange for Outokumpu’s loan note to ThyssenKrupp (EUR 1.269 million at the end of September 2013) at full amount at closing. Outokumpu now comments speculations related to the transaction made with …
Outokumpu continues to have a strong presence in Krefeld with a world class stainless steel cold rolling center December 6, 2013 at 4.00 pm EET Outokumpu announced today that the Krefeld melt shop in Germany has been ramped-down according to earlier announced plan. The last day of operations was December 6, 2013. The closure of …
ThyssenKrupp sells rolling and coating plant in the USA and signs long-term slab supply contract for Brazil / Settlement of financial receivable from Outokumpu – transfer of VDM and AST planned / Adjusted EBIT from continuing operations excluding Steel Americas €1.1 billion / Adjusted EBIT from continuing operations including Steel Americas up 50 percent to …
November 26, 2013 at 11.30 am EET Outokumpu sells the electricity distribution network at the Tornio site in Finland to InfraVia European Fund II (“InfraVia II”), an investment fund managed by OFI InfraVia, an independent investment company based in France and specialized in the infrastructure sector. With the transaction, five Outokumpu employees will transfer to …
OUTOKUMPU OYJ November 12, 2013 at 11.00 am EET Outokumpu stainless steel gives a new look for the New Street station in Birmingham, UK. More than 8 000 bright polished, laser-cut panels of stainless steel, altogether more than 20 000 square meters, will cover the façade of the station. Outokumpu supplies up to 400 tons of stainless …
Developments in the third quarter 2013 In line with management expectations, Outokumpu posted higher underlying EBIT losses of EUR -126 million versus EUR -80 million in the second quarter 2013. On a positive note, operating cash flow was positive at EUR 124 million driven by working capital release. Good progress in synergies, cost saving programs …
Outokumpu’s leadership in fighting against climate change is again recognised by the CDP (previously Carbon Disclosure Project) who scores companies on both climate performance and disclosure. This year, Outokumpu is included in the Climate Disclosure Leadership Index (CDLI) for the fourth consecutive year, and for the first time Outokumpu has achieved a position in Climate …
Outokumpu delivers austenitic 4565 stainless steel grade and quarto plates to a power plant in Boxberg, Saxony, Germany. The plant is being constructed by Babcock Noell GmbH and its subcontractor Heinz Gothe GmbH & Co. KG. Producing clean energy efficiently is one of the challenges the world faces. In many countries regulations regarding emissions, such …
August 12, 2013 at 9.00 am EET Outokumpu has won a bid to provide stainless steel for the façade on Ping An Finance Center in Shenzhen, China. The skyscraper’s façade will be the largest stainless steel façade in the world. This contract demonstrates Outokumpu’s vast experience and advanced expertise in stainless steel. The building is …