at the very Core of it all … is Content!
Outokumpu has won a contract with Casa de Moneda de Mexico (The Mexican Mint) supplying coin blanks to support the Latin American marketplace. Outokumpu’s Mexinox facility, located in San Luis Potosí, Mexico, is a regular supplier to Casa de Moneda for its Mexican currency bimetallic coin production. The new contract supports Casa de Moneda on …
Outokumpu appoints Reinhard Florey as Executive Vice President and Chief Financial Officer as of November 1, 2013. He will report to CEO Mika Seitovirta and continue to be a member of the Outokumpu Leadership Team. Reinhard Florey takes on the role from Esa Lager, whose intention to leave the position by the end of 2013 …
Developments in the second quarter 2013 In line with guidance, the second quarter 2013 showed flat underlying EBIT losses versus the first quarter 2013 in a challenging environment with a continuously falling nickel price leading to lower deliveries and lower margins. During the second quarter of 2013, global demand was up by 3.8%, but the …
Outokumpu Oyj has today signed a EUR 900 million committed revolving credit facility having its maturity in June 2015, with an option to extend the facility by one year, subject to an approval by the banks. The new facility will be used for general corporate purposes and it replaces the EUR 750 million facility signed …
Outokumpu announced today changes in its Leadership Team in order to further accelerate the production optimization and capacity reductions. Jarmo Tonteri will lead the Stainless Coil EMEA as well as the High Performance Stainless and Alloys business areas. This will enable the company to tap into additional synergy opportunities between these business areas. Company has agreed …
Outokumpu signs a strategic partnership agreement with Sinopec Group on material development and deliveries of stainless steel. As part of the one-year agreement Outokumpu supplies Sinopec’s subsidiary China Petrochemical International Co., Ltd duplex stainless steel rolled billets in 2013 for seamless pipe in one of the largest oil refinery plants in the world and also …
Outokumpu has won a contract to supply tailor-made advanced materials for chemical tankers. Outokumpu will supply 12 250 tonnes of duplex 2205® stainless steel to a Chinese shipyard for five chemical tankers ordered by Stolt Tankers. Stolt Tankers operates one of the world’s largest and most sophisticated fleet of chemicals tankers. The contract also includes …
In accordance with the commitments given to the European Commission in the context of the merger with Inoxum, Outokumpu continues to pursue the divestment of AST (Acciai Speciali Terni) stainless steel operations in Terni, Italy. In a challenging environment for the European stainless industry Outokumpu has maintained an active dialogue with the European Commission, the …
Outokumpu is today celebrating the inauguration of the new ferrochrome works in Tornio, Finland. Inauguration marks the start of the ramp-up phase of the EUR 410 million investment project ahead of schedule. With the ramp-up of the world’s biggest ferrochrome furnace Outokumpu plans to double its ferrochrome production to 530 000 tonnes by 2015. Outokumpu’s …
At Outokumpu Experience, the company’s global event in London, UK 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. New vision and mission Addressing an audience of over 500 customers, …