Outokumpu, a global powerhouse in the stainless steel sector, has its roots in Finland but has significantly expanded its reach, including a notable presence in Germany. This company is acclaimed for its sophisticated production techniques and a steadfast dedication to delivering high-quality products.
Tag: Outokumpu
Outokumpu set off EIA to build a slag furnace in Tornio
Outokumpu is assessing options to build a new slag furnace in Tornio, Finland, and the company has initiated an Environmental Impact Assessment (EIA) procedure as a basis for decision making.
Outokumpu signs a secured EUR 400 M term loan
Outokumpu has recently signed a secured EUR 400 M term loan. The margin of the loan is linked to the total recordable incident frequency rate and carbon dioxide emission per ton of stainless steel produced, both in relation to set targets.
Outokumpu moves forward with digital manufacturing
Outokumpu is aiming to fully digitalize its biggest factory in Tornio, Finland, transforming it into the most digitalized and most cost-competitive stainless steel operation in the industry by 2020.
Outokumpu appoints new president for business area
Olli-Matti Saksi has been appointed President of business area Americas. He has been based in the US since January 2019, first leading the Americas’ sales and supply chain operations and since May 1 the whole organization as the interim head of the business area.
Outokumpu Q1 statement – adjusted EBITDA of EUR 54 M
Outokumpu’s sales increased to EUR 1,715 M (EUR 1,671 M). The first-quarter adjusted EBITDA of EUR 54 M was significantly lower than EUR 133 M in the Q1 of 2018 driven particularly by increased graphite electrode and other input costs.
Outokumpu appoints Olli-Matti Saksi as interim Head
Outokumpu’s Chief Commercial Officer Olli-Matti Saksi has been appointed as interim Head of business area Americas with immediate effect.