Outotec Oyj (OTE1V.HE) Key Developments | Reuters.com
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Outotec Oyj (OTE1V.HE)

OTE1V.HE on Helsinki Stock Exchange

23 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Outotec appoints Markku Teräsvasara new CEO
Wednesday, 22 Jun 2016 02:04am EDT 

Outotec Oyj : Outotec's Board of Directors has appointed Markku Teräsvasara as Outotec's new Chief Executive Officer . Markku Teräsvasara will commence in his new position on November 1, 2016 at the latest . Outotec's Board of Directors and Pertti Korhonen have agreed that Pertti Korhonen will leave the duties of the Chief Executive Officer with immediate effect .CFO Jari Ålgars will be the acting CEO until the new CEO will commence his duties.  Full Article

Outotec receives order in South America
Monday, 20 Jun 2016 06:45am EDT 

Outotec Oyj : Says to revamp copper smelter and sulfuric acid plant in South America . Order value is of over 33 million euros ($37.39 million) .Order has been booked in Outotec's Q2 order intake.  Full Article

Outotec awarded sulfuric acid technology contract from Intecsa Industrial, Spain
Thursday, 2 Jun 2016 10:01am EDT 

Outotec Oyj : Awarded a sulfuric acid technology contract from Intecsa Industrial, Spain . Order is valued at over 30 million euros ($33.50 million) and has been booked in Outotec's 2016 Q2 order intake .Says sulfuric acid plants are expected to be operational in 2018.  Full Article

Outotec : Financial guidance for 2016 reiterated
Wednesday, 27 Apr 2016 02:00am EDT 

Outotec Oyj:Financial guidance for 2016 reiterated.  Full Article

Finland's Outotec to deliver process equipment in Burkina Faso
Tuesday, 26 Apr 2016 12:15am EDT 

Outotec Oyj:Outotec to deliver process equipment for Houndé Gold Operation SA, a subsidiary of Endeavour Mining Corporation, in Burkina Faso.Says Outotec's contract value is approximately eur 13 million and order has been booked in Q2 2016 order intake.  Full Article

Outotec and Sarda Energy and Minerals Ltd. settles dispute
Monday, 18 Apr 2016 02:30am EDT 

Outotec Oyj:Outotec and Indian based steel producer Sarda Energy and Minerals Ltd. have settled their dispute over obligations in a filter delivery.The arbitration has been cancelled and all financial impacts have been taken into account in Outotec's 2016 first quarter financial result.The settlement of the dispute will not impact Outotec's financial guidance for FY 2016.  Full Article

Outotec Oyj awarded sulfuric acid plant contract from Boliden Harjavalta
Thursday, 31 Mar 2016 05:30am EDT 

Outotec Oyj:Awarded a sulfuric acid plant contract from Boliden Harjavalta.Has agreed with Sweden-based mining and smelting company Boliden on main design and delivery of equipment for a sulfuric acid plant to be built in connection with the Harjavalta nickel and copper smelter in Finland.Order has been booked in 2016 Q1 order intake.Value is not disclosed.First construction phase of sulfuric acid plant is expected to be operational in May-June 2018.  Full Article

Outotec to issue EUR 150 million hybrid bond
Thursday, 17 Mar 2016 11:43am EDT 

Outotec Oyj:To issue 150 million euro ($169.56 million) hybrid bond.Says bond has no specified maturity date, but the company may exercise early redemption option for first time on March 24, 2021​.Coupon rate of bond is 7.375 pct per annum​.‍Settlement date of bond is March 24, 2016​.Says bond will be used for the refinancing of existing debt and for Outotec's general corporate purposes.Pohjola Bank plc is acting as coordinator and Pohjola Bank plc and Nordea Bank Finland Plc as lead managers in the transaction.  Full Article

Outotec Oyj considers issuance of a hybrid bond
Monday, 14 Mar 2016 03:01am EDT 

Outotec Oyj:‍Says is considering the issuance of a hybrid bond.Funds received from hybrid bond would be used mainly for refinancing of existing debt and Outotec's general corporate purposes​.Potential issue is expected to be launched in near future subject to market conditions​.  Full Article

Outotec & Newcrest Mining agree on technology development partnership
Friday, 11 Mar 2016 02:30am EST 

Outotec Oyj:Outotec and Newcrest Mining NCM.AX agree on strategic partnership in technology development.Collaboration is in technology development and using new metallurgical technologies in Newcrest's businesses.  Full Article

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