Outokumpu

The Outokumpu Oyj [ ɔu̯tɔkumpu ] is a Finnish materials company headquartered in Espoo. Since the acquisition of the stainless steel fabrication of ThyssenKrupp the company is one of the largest manufacturers of stainless steel in the world.

Company Profile

Outokumpu specializes in stainless steels and high-performance materials. The basic engineering, process engineering and parts of electrical engineering in certain parts of the system were far from Outokumpu itself Many engineering, detailed planning, delivery, construction and assembly responsibilities were redistributed to sub-contractors. Outokumpu organized the functional network and relationships.

In Germany, Outokumpu 2001 became known, when the company took over the metallurgy plant part of Lurgi AG from Metallgesellschaft.

History

Originally Outokumpu was primarily a vertically organized copper company with headquarters in the city Outokumpu; However, the corporate headquarters had been transferred to Espoo and expanded the stainless steel division. The system operated in Outokumpu mine was closed, 2005-2008, the copper business was sold.

In 2005 sales amounted to 5.552 billion euros, which was achieved by 10,764 employees. However, the earnings for the year 2005 was not satisfactory; the return on investment was only 1.9%, which were also largely achieved by one-time revenues. CEO is [ [ Miko Seitovirta ] ].

In October 2006 the plant of Outokumpu was spun off as a separate company and listed on the Helsinki Stock Exchange under the name of Outokumpu Technology. In April 2007, Outokumpu Technology was renamed to Outotec.

In January 2012 it was announced that Outokumpu takes over the stainless steel division of ThyssenKrupp.