Key Developments: Outotec Oyj (OTE1V.HE)

OTE1V.HE on Helsinki Stock Exchange

4.48EUR
19 Dec 2014
Price Change (% chg)

€0.03 (+0.63%)
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€4.46
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€4.50
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Latest Key Developments (Source: Significant Developments)

Outotec to provide technology to Russia's OJSC Svyatogor copper smelter modernization
Friday, 19 Dec 2014 07:00am EST 

Outotec Oyj:Says has agreed with OJSC Svyatogor to provide Ausmelt technology to Svyatogor smelter modernization in Ural region.Contract value is about 10 million euros which has been booked in Outotec's Q4 2014 order intake.  Full Article

Outotec Oyj completes employee cooperation negotiations in Finland
Friday, 12 Dec 2014 02:11am EST 

Outotec Oyj:Completes employee cooperation negotiations in Finland.Will reduce in total 90 jobs in Finland, of which 83 jobs through redundancies.Most of the reductions will be completed in Finland by the end of 2014 and during H1 2015.  Full Article

Outotec Oyj receives an order from Chile
Monday, 8 Dec 2014 02:00am EST 

Outotec Oyj:To revamp and upgrade the Potrerillos copper smelter and sulfuric acid plant for codelco in Chile.Value of order is about 64 million euros.One third of value of order has been booked in Outotec's Q3 order intake and rest in Q4 2014 order intake.  Full Article

Outotec Oyj to modernize BCL Limited Nickel smelter in Botswana
Friday, 14 Nov 2014 03:02am EST 

Outotec Oyj:Announces that it has been awarded a contract by BCL Limited for modernizing the nickel flash smelting furnace in Selebi Phikwe, Botswana.Says the parties have made a service level agreement for the operation and maintenance for a period of 36 months.Says the total value of contracts exceeds 17 million euros and the orders has been booked in Outotec's fourth quarter 2014 order intake.  Full Article

Outotec lowers FY 2014 guidance; plans job cuts-Reuters
Thursday, 30 Oct 2014 03:17am EDT 

Outotec Oyj:Plans to cut up to 400 jobs after reporting a disappointing quarterly profit amid weak investment sentiment in the mining and metals industry-Reuters.Has reduced its sales guidance, expecting FY 2014 revenue to be 1.4-1.5 billion euros, compared with its previous range of 1.4-1.6 billion euros.FY 2014 revenue 1.45 billion euros-Thomson Reuters I/B/E/S.  Full Article

Outotec achieves targeted EUR 50 million savings and lays off 30 persons
Thursday, 30 Oct 2014 02:56am EDT 

Outotec Oyj:Says has achieved the targeted 50 million euros savings and closes the efficiency improvement program.Program resulted in a net reduction of 30 persons since Sept. 2013.  Full Article

Outotec to modernize Norilsk Nickel's smelter in Russia
Friday, 24 Oct 2014 07:30am EDT 

Outotec Oyj:Says has been awarded a contract by JSC MMC Norilsk Nickel to modernize and rebuild nickel flash smelting furnace at Nadezhda smelter in Norilsk.Says order has been booked in Outotec's 2014 Q4 order intake.Says contract value in these types of total rebuilds is typically 30-50 million euros.  Full Article

Outotec to deliver minerals processing technology to Norilsk Nickel in Russia
Tuesday, 23 Sep 2014 06:01am EDT 

Outotec Oyj:Says Outotec to deliver minerals processing technology to Norilsk Nickel in Russia.Says deal is for delivery of minerals processing technology and equipment to Bystrinskoe copper concentrator in Chita Region in Russia.Says parties do not disclose contract price, but value of comparable deliveries is typically 40-60 million euros.Says order has been booked in Outotec's Q3 2014 order intake.  Full Article

Outotec Oyj awarded grinding mill and service orders in EMEA
Monday, 22 Sep 2014 03:00am EDT 

Outotec Oyj:Says Outotec awarded grinding mill and service orders in EMEA.Says total value of these orders booked in Outotec's Q3 2014 order intake is about 12 million euros.Says the grinding mills will be delivered during 2014 and 2015.  Full Article

Outotec opens office in Manila
Tuesday, 16 Sep 2014 01:00am EDT 

Outotec Oyj:Opens office in Manila to strengthen its presence in the Philippines.Says new office in Manila will focus on serving Outotec's customers, driving sales in the growing market, and supporting project implementation in the Philippines.  Full Article

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