Last €6.80 EUR
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As of 11:29 AM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

outokumpu oyj (OUT1V) Snapshot

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06/27/14 - €7.50
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outokumpu oyj (OUT1V) Details

Outokumpu Oyj provides various stainless steel products worldwide. The company operates in four segments: Stainless EMEA, Stainless Americas, Stainless APAC, and Specialty Stainless. It offers various grades of stainless steel products, such as austenitic, ferritic, martensitic and duplex stainless steels, as well as grades with controlled compositions for special purposes. The company provides stainless steel bars; coils and sheets; pipes; precision strips; quarto plates; rebars; slabs, ingots, blooms, and billets; thin strips; and wire rods. It also offers cold rolled surface finishes and hot rolled plate and sheet surface finishes. The company produces ferrochrome, nickel, molybdenum, and recycled steel. Its products are used in architecture; construction; chemicals and storage tanks; electrical engineering; food and beverages; heating, cooling, and ventilation; home and office; mining; oil and gas; pharmaceutical and medical; power generation; pulp and paper; textiles; transport and tankers; tube manufacturing; and water treatment. Outokumpu Oyj is headquartered in Espoo, Finland.

12,436 Employees
Last Reported Date: 04/29/14

outokumpu oyj (OUT1V) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: €912.5K
Executive Vice President and Deputy to the Ch...
Total Annual Compensation: €371.0K
Compensation as of Fiscal Year 2013.

outokumpu oyj (OUT1V) Key Developments

Outokumpu Oyj Announces Changes in its Operational Model; Announces Management Changes

Outokumpu Oyj announced changes in its operational model and Leadership Team. The purpose of the changes is to increase customer and market orientation, drive business performance and increase speed and accountability. From September 1, 2014 Outokumpu will consist of five business areas with sales, production, and profit responsibility: Coil EMEA - Coil Americas - APAC - Quarto Plate and Long Products. The company announced that Jarmo Tonteri, current head of Stainless EMEA and Specialty Stainless units, will continue as an executive advisor to the group, and he will retire during the next twelve months in line with earlier plans. The company appointed Olli-Matti Saksi, Coil EMEA, effective as of July 1, 2014. Michael Wallis, Coil Americas. Michael Wallis previous experience includes from 2013 - ­2014 Outokumpu SVP ­ Stainless Coil Americas and from 2012 - ­2013 ThyssenKrupp Stainless USA Chief Executive Officer. Olli-Matti Saksi previous experience includes from 2013 - ­2014 Outokumpu SVP, Head of Sales EMEA and from 2011 - ­2013 Aleris SVP & GM Division Rolled Products.

Outokumpu Oyj Completes EUR 100 Million Investment Project at its Quarto Plate Mill in Degerfors, Sweden

Outokumpu Oyj has completed the EUR 100 million investment project at its quarto plate mill in Degerfors, Sweden. The investment and associated improvements contribute to cost efficiencies across the production process and further strengthen Outokumpu's position as the leading stainless steel plate producer. Outokumpu announced the investment plans in June 2010. The investment program entailed upgrades to the whole production process in Degerfors and increased the mill's capacity by 30% to 155,000 tonnes. Following the investments, the Degerfors mill can produce flatter plates with even better surface quality, and achieve improved and more efficient production processes with lower emissions. New installed equipment includes a new walking hearth furnace, cold leveler, heat treatment batch furnaces, and associated quencher as well as an updated transfer bed.

Outokumpu Oyj, Special/Extraordinary Shareholders Meeting, Jun 16, 2014

Outokumpu Oyj, Special/Extraordinary Shareholders Meeting, Jun 16, 2014., at 12:30 E. Europe Standard Time. Location: Dipoli Congress Center. Agenda: To consider the election of persons to scrutinize the minutes and to supervise the counting of votes; to consider the recording the legality of the meeting; to consider the recording the attendance at the meeting and adoption of the list of votes; and to consider the proposal of the board of directors to carry out a reverse share split.


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