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Outotec

From Wikipedia, the free encyclopedia

Outotec Oyj
TypeJulkinen osakeyhtiö
Nasdaq Helsinki: OTE1V
IndustryBasic resources, engineering
Founded2006[1]
Defunct1 July 2020 (2020-07-01)
HeadquartersEspoo, Finland
Key people
Markku Teräsvasara (President and CEO)
Matti Alahuhta (Chairman)[2]
ProductsMetal and mineral processing machinery and process engineering
Revenue€1,276.5 million (2018)[3]
−€66.1 million (2018)[3]
−€67.3 million(2018)[3]
Total assets€481.5 million(2018)[3]
Total equity€377.4 million (2018)[3]
Number of employees
4,012 (2018)[3]
SubsidiariesLarox
Websitewww.outotec.com

Outotec Oyj (Outokumpu Technology prior to 24 April 2007[4]) was a Finnish company, headquartered in Espoo, aimed at providing technologies and services for the metal and mineral processing industries. In 2020, Outotec merged with Metso Minerals and new company is called Metso Outotec.[5]

The firm concentrated on producing machines and methods which facilitate the various stages of extractive metallurgy and mineral processing from ore through to pure metal or mineral, including the grinding and physical separation of ores and the smelting and leaching of base and precious metals. The company also provides engineering and after-sales services for its products.

Outotec was previously a wholly owned business area of Outokumpu, having been established in the late 1940s, but it was spun off as a separate entity in June 2006 when the parent company decided to concentrate on its primary concern of stainless steel.[6] A listing on the Helsinki Stock Exchange followed shortly afterwards, and the company was promoted to the benchmark OMX Helsinki 25 as a result of the index's February 2007 reclassification.

References

[edit]
  1. ↑ "Outokumpu now Outotec - Australian Mining". Australian Mining. 12 September 2007. Archived from the original on 29 January 2023. Retrieved 22 November 2018.
  2. ↑ "Management". Outotec. Retrieved 30 August 2016.
  3. 1 2 3 4 5 6 "Outotec Financial Statement 2018" (PDF).
  4. ↑ "Outokumpu Technology is now Outotec". Metso. Retrieved 9 September 2024.
  5. ↑ "Metso and Outotec to join together in 'industry-shaping combination'". International Mining. 4 July 2019. Retrieved 22 July 2019.
  6. ↑ "The Offering of Outokumpu Technology Shares Successfully Completed - The Offer Price Set at EUR 12.50 Per Share". Metso. Retrieved 9 September 2024.
[edit]
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