Outotec
{{Short description|Defunct Finnish technology company}}
{{Use dmy dates|date=June 2024}}
{{Infobox company
| name = Outotec Oyj
| logo = Outotec-Logo.svg
| logo_size = 125px
| type = {{Lang|fi|Julkinen osakeyhtiö}}
| traded_as = {{OMX|HEX36695|OTE1V}}
| defunct = {{End date|2020|7|1|df=yes}}
| key_people = Markku Teräsvasara (President and CEO)
Matti Alahuhta (Chairman)[http://www.outotec.com/en/About-us/Management/ "Management"]. Outotec. Retrieved 30 August 2016.
| industry = Basic resources, engineering
| products = Metal and mineral processing machinery and process engineering
| revenue = €1,276.5 million (2018){{Cite web|url=http://hugin.info/137025/R/2235969/880398.pdf|title=Outotec Financial Statement 2018}}
| operating_income = −€66.1 million (2018)
| net_income = −€67.3 million(2018)
| assets = €481.5 million(2018)
| equity = €377.4 million (2018)
| num_employees = 4,012 (2018)
| subsid = Larox
| homepage = [https://www.outotec.com www.outotec.com]
}}
Outotec Oyj (Outokumpu Technology prior to 24 April 2007{{cite web |title=Outokumpu Technology is now Outotec |url=https://www.metso.com/corporate/media/news/2007/4/outokumpu-technology-is-now-outotec/ |website=Metso |access-date=9 September 2024}}) 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.{{Cite web|url=https://im-mining.com/2019/07/04/metso-outotec-join-together-industry-shaping-combination/|title=Metso and Outotec to join together in 'industry-shaping combination'|date=2019-07-04|website=International Mining|language=en-GB|access-date=2019-07-22}}
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.{{cite web|title=The Offering of Outokumpu Technology Shares Successfully Completed - The Offer Price Set at EUR 12.50 Per Share|url=https://www.metso.com/corporate/media/news/2006/10/the-offering-of-outokumpu-technology-shares-successfully-completed---the-offer-price-set-at-eur-12.50-per-share/ |website=Metso |access-date=9 September 2024}} 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
{{reflist}}
External links
- {{official website|https://www.outotec.com/}}
- [https://www.rudmet.ru/catalog/journal/8/ Usage of Outotec technologies in Russia]
{{Portal bar|Companies|Finland|Technology}}
{{Authority control}}
Category:2020 disestablishments in Finland
Category:2020 mergers and acquisitions
Category:Companies formerly listed on Nasdaq Helsinki
Category:Engineering companies of Finland
Category:Finnish companies established in 2006
Category:Manufacturing companies based in Espoo