Key Developments: Outokumpu Oyj (OUT1V.HE)

OUT1V.HE on Helsinki Stock Exchange

3 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Outokumpu completes ramp down of Bochum melt shop
Tuesday, 23 Jun 2015 09:05am EDT 

Outokumpu Oyj:Completes the ramp down of the Bochum melt shop.Bochum closure is part of EMEA restructuring program in Europe that targets 100 million euro savings by end of 2017.Says is investing more than a 100 million euros into cold rolling operations in Krefeld to enhance its ferritic capabilities and enable planned closure of Benrath site in 2016.  Full Article

Outokumpu in Degerfors acquires equipment and properties of OSTP in Storfors
Thursday, 28 May 2015 08:00pm EDT 

Outokumpu Oyj:Outokumpu in Degerfors acquires equipment and properties of OSTP in Storfors.  Full Article

Outokumpu Oyj to deliver facade material for New York's 3 World Trade Center
Monday, 4 May 2015 02:34am EDT 

Outokumpu Oyj:New York's 3 World Trade Center chooses Outokumpu stainless steel for its facade.  Full Article

Outokumpu Oyj announces guidance for Q2 2015
Wednesday, 29 Apr 2015 02:00am EDT 

Outokumpu Oyj:Estimates flat delivery volumes quarter-on-quarter: deliveries are expected to increase somewhat in Europe and decrease in Americas.Group's underlying EBIT for Q2 2015 is estimated to be slightly negative driven by weaker profitability in business area Coil Americas.  Full Article

Outokumpu convertible bond offering increased within over-allotment option
Thursday, 19 Feb 2015 11:00am EST 

Outokumpu Oyj:Announces exercise of over-allotment option in connection with the Outokumpu offering of senior unsecured convertible bond.Credit Agricole Corporate and Investment Bank is acting as stabilizing manager notified Outokumpu of exercise in full of over-allotment option in respect of bonds in aggregate principal amount of 35 mln euros.As result, aggregate principal amount of bonds in offering is increased to 250 mln euros.Settlement and delivery of bonds is expected to take place on or about Feb. 26.  Full Article

Outokumpu Oyj launches a senior unsecured convertible bond issue for up to 250 million euros
Wednesday, 18 Feb 2015 02:59am EST 

Outokumpu Oyj:Launches a senior unsecured convertible bond issue for up to 250 million euros.Following issue of convertible bond, Outokumpu is planning to cancel remaining unutilized 250 million euros of 500 million euros liquidity facility that was agreed in February.  Full Article

Outokumpu Oyj announces FY 2015 guidance
Thursday, 12 Feb 2015 02:00am EST 

Outokumpu Oyj:Net impact of raw material-related inventory and metal hedging gains/losses on profitability is expected to be 5 million -10 million euros negative in FY 2015.Continued improvement in profitability is expected, resulting in slightly positive underlying EBIT for Q1.  Full Article

Outokumpu to invest in utilizing liquefied natural gas in Finland
Friday, 19 Dec 2014 03:10am EST 

Outokumpu Oyj:Outokumpu to invest in utilizing liquefied natural gas (LNG) in Finland.Says invests about 30 million euros into using liquefied natural gas at Tornio mill instead of propane.Says vast majority of the investment, phased over 2015–2018, is used to make the required equipment modifications at the Tornio mill.Manga LNG Oy, a joint venture of Outokumpu Group, SSAB, Skangass and EPV Energy Ltd, will build and operate the terminal, and procure LNG for its owners Outokumpu’s share of Manga LNG Oy is 45 pct.  Full Article

Outokumpu invests in mercury cleaning technology at Tornio plant
Wednesday, 3 Dec 2014 01:30am EST 

Outokumpu Oyj:To invest in mercury cleaning technology at Tornio plant.Has made an investment decision of 400,000 euros to acquire own installations.Says on Wednesday Vaasa Administrative court dismissed complaint against Northern Finland Regional State Administrative Agency's decision to grant environmental permit for Outokumpu's Tornio plants.  Full Article

Stalatube selects Outokumpu duplex stainless steel
Monday, 29 Sep 2014 05:01am EDT 

Outokumpu Oyj:Says Stalatube has selected Outokumpu's duplex stainless steel as one of main construction material for its new StalaWind wind power towers.  Full Article

UPDATE 1-Finland's Fennovoima submits application to build a Russian reactor

HELSINKI, June 30 - Finnish consortium Fennovoima has submitted an application to build a nuclear reactor supplied by Russia's state-owned Rosatom, the economy ministry said on Tuesday.

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