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Outotec Oyj (OTE1V.HE)

OTE1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Outotec to deliver technologies for zinc plant for Met-Mex Peñoles in Mexico
Wednesday, 22 Mar 2017 07:30am EDT 

Outotec Oyj : Says to deliver technologies for zinc plant for Met-Mex Peñoles in Mexico .Contract, valued at about 24 million euros ($25.9 million), has been booked in Outotec's Q1 order intake.  Full Article

Nordic Mining: Keliber signs basic engineering contract with Outotec
Thursday, 26 Jan 2017 03:04am EST 

Nordic Mining ASA :Says its associated company Keliber has signed basic engineering contract with Outotec for lithium plant.  Full Article

Outotec to deliver concentrate filtration plant to Peru
Thursday, 19 Jan 2017 08:00am EST 

Outotec Oyj : Has been awarded a contract by Southern Copper Corporation, a subsidiary of Grupo Mexico S.A.B de CV to deliver concentrate filtration plant for Toquepala Copper Project in Peru . Contract value exceeds 15 million euros ($16 million) . Contract has been booked in 2017 Q1 order intake. .Equipment and services will be delivered mostly during H2 2017..  Full Article

Outotec to deliver two sulfuric acid plants to Iran
Wednesday, 18 Jan 2017 08:30am EST 

Outotec Oyj : Has agreed with National Iranian Copper Industries on delivery of two sulfuric acid plants for Sarcheshmeh and Khatoon Abad copper smelters in Kerman province in Iran . Value of orders is about 50 million euros ($53.28 million) .Order has been covered by a confirmed letter of credit and booked in Outotec's Q4/2016 order intake.  Full Article

Outokumpu and Outotec reach agreement on patent dispute
Monday, 9 Jan 2017 08:00am EST 

Outokumpu Oyj : Outokumpu Oyj and Outotec Oyj reach an agreement on the patent dispute . Agreement follows arbitral award of August 28, 2015 which confirmed that Outokumpu and Outotec are joint owners of disputed innovations .Agreement and related license fees have no impact on Outokumpu's financial guidance or targets.  Full Article

Outotec to deliver concentrator equipment to Chile
Friday, 30 Dec 2016 03:00am EST 

Outotec Oyj : To deliver concentrator equipment to Chile .Contract value is 18 million euros ($18.92 million), and it has been booked in co's Q4 order intake.  Full Article

Outotec finalizes employee negotiations in Finland
Friday, 30 Dec 2016 02:00am EST 

Outotec Oyj : Finalizes employee negotiations in Finland and closes 70 million euro ($73.7 million) cost structure program . About 50 employees will be made redundant in Finland . Restructuring may lead to reduction of about 100 permanent positions in Germany . Negotiations to streamline certain units in Germany will continue in 2017 . Related costs and asset write-offs of above restructuring will be taken into account in Q4 2016 .Restructuring costs of about 28 million euros booked in Q4.  Full Article

Outotec establishes services business unit
Wednesday, 21 Dec 2016 03:00am EST 

Outotec Oyj : Establishes services business unit and appoints Kimmo Kontola as President of Minerals Processing .Has decided to change its business structure and establish services business unit as of April 1, 2017.  Full Article

Outotec cuts 2016 guidance
Tuesday, 20 Dec 2016 10:00am EST 

Outotec Oyj : Says lowers its profitability guidance for 2016 due to increased risk provision of 40 million euros ($41.49 million) .Says adjusted EBIT margin for 2016 is expected to be negative, previously 2-3%.  Full Article

Outotec to deliver lithium beneficiation plant in Brazil
Friday, 18 Nov 2016 04:00am EST 

Outotec Oyj : To deliver lithium beneficiation plant for Advanced Metallurgical Group N.V. (AMG) in Brazil . Order value, booked in Q4 order intake, exceeds 35 million euros ($37.12 million) .Plant is expected to be operational in H1 2018.  Full Article

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