Outokumpu (company)
| Outokumpu Oyj | |
|---|---|
| legal form | Osakeyhtio |
| ISIN | FI0009002422 |
| founding | 1932 |
| Seat |
Helsinki , Finland
|
| management | |
| Number of employees | 10,390 |
| sales | 6.40 billion euros (2019) |
| Branch | Metal industry |
| Website | www.outokumpu.com |
| As of December 31, 2019 | |
The Outokumpu Oyj [ ɔu̯tɔkumpu ] is a Finnish materials company based in Helsinki . Since taking over stainless steel production from ThyssenKrupp , the company has become one of the largest manufacturers of stainless steel in the world.
Company profile
Outokumpu specializes in stainless steels and high-performance materials. The process technology for the manufacturing process and in certain parts of the plant have so far been provided by Outokumpu itself. A large number of process technology, detailed planning, delivery, construction and assembly responsibilities have been distributed to subcontractors . Outokumpu organized the functional network and network of relationships .
The stainless steel product range includes slabs , strips, coils , sheets , as well as long products such as bolts , bars , tubes and wire .
history
Originally, Outokumpu was primarily a vertically organized copper company based in the city of Outokumpu ; however, the corporate headquarters has meanwhile been relocated to Espoo and the stainless steel division has been expanded. The mine operated in Outokumpu was closed, 2005-2008 the copper business was sold.
In 2001 the company expanded to Germany. In March bought Outokumpu the field of aluminum technology from Deutz with 65 employees and a plant in Cologne , followed in July then for 52 million euros, the metallurgy business of the mg technologies belonging Lurgi AG .
In January 2001 Outokumpu's steel division Outokumpu Steel merged with Avesta Sheffield to form AvestaPolarit , which Outokumpu finally took over completely in 2002. At the beginning of 2004, AvestaPolarit was renamed Outokumpu Stainless and the entire Outokumpu branding was renewed.
In 2005 sales totaled 5.552 billion euros, generated by 10,764 employees. The earnings situation for 2005, however, was not satisfactory; the return on investment was only 1.9%, which was also largely achieved through one-off revenues.
In October 2006, Outokumpu's plant construction was spun off as a separate company and listed on the Helsinki Stock Exchange under the name Outokumpu Technology. In April 2007 Outokumpu Technology was renamed Outotec .
With the purchase of ThyssenKrupp's stainless steel division Inoxum in January 2012, Outokumpu became the largest stainless steel producer in Europe. In return, ThyssenKrupp received 29.9% of the shares in Outokumpu. Due to competition law concerns on the part of the EU Commission, the VDM and AST (Acciai Speciali Terni) business units acquired in the course of the Inoxum takeover and some service centers were returned to ThyssenKrupp on March 1, 2014 .
In October 2015, the company announced that it would acquire 55% of its shares in the Chinese stainless steel joint venture Shanghai Krupp Stainless (SKS) between Outokumpu (60%) and Baosteel (40%) in the Chinese real estate fund Lujiazui International Trust Co. Ltd. to sell. In a second step, Outokumpu also sold the remaining shares (5%) in February 2016. In total, Outokumpu recorded one-off proceeds of 389 million euros (after taxes and repayment of debts) for the entire sale of its 60% shares SKS. At the same time, the business operations of SKS were discontinued and the workforce laid off.
In 2016, the company's headquarters were relocated to Helsinki .
Web links
Individual evidence
- ^ Outokumpu Leadership Team. In: outokumpu.com. Retrieved May 25, 2020 .
- ↑ a b Outokumpu Annual Report 2019. (PDF) Outokumpu, Helsinki, Finland, accessed on May 25, 2020 .
- ↑ Stainless steel - 100 years of leadership ( Memento from November 8, 2013 in the Internet Archive )
- ↑ DEUTZ Group: Sale of the aluminum division of the industrial plant subsidiary KHD Humboldt Wedag AG ( Memento of February 3, 2015 in the Internet Archive ), Deutz, March 29, 2001
- ^ Finnish group takes over Lurgi Metallurgie , Die Welt, July 6, 2007
- ↑ Annual Report 2000 ( memo of December 26, 2014 in the Internet Archive ), Outokumpu
- ↑ Annual Report 2002 ( memo of December 26, 2014 in the Internet Archive ), Outokumpu
- ↑ Outokumpu is unifying the Group under one brand - a new visual identity introduced today , Outokumpu press release, January 11, 2004
- ↑ Supervisory Board seals sale of the stainless steel division , Handelsblatt, January 31, 2012, accessed on February 1, 2012
- ↑ Transfer of VDM and AST from Outokumpu to ThyssenKrupp completed , joint press release, February 28, 2014
- ↑ Outokumpu divests 55 percent of a Chinese joint venture for EUR 370 million . Outokumpu. 19th October 2015.
- ↑ Outokumpu divests its remaining share of the SKS, operations to be stopped . Outokumpu. February 2, 2016.