Outotec
Encyclopedia
Outotec Oyj is a Finnish
company, headquartered in Espoo
, aimed at providing technologies and services for the metal
and mineral
processing industries. The firm concentrates 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
. 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.
Finland
Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...
company, headquartered in Espoo
Espoo
Espoo is the second largest city and municipality in Finland. The population of the city of Espoo is . It is part of the Helsinki Metropolitan Area along with the cities of Helsinki, Vantaa, and Kauniainen. Espoo shares its eastern border with Helsinki and Vantaa, while enclosing Kauniainen....
, aimed at providing technologies and services for the metal
Metal
A metal , is an element, compound, or alloy that is a good conductor of both electricity and heat. Metals are usually malleable and shiny, that is they reflect most of incident light...
and mineral
Mineral
A mineral is a naturally occurring solid chemical substance formed through biogeochemical processes, having characteristic chemical composition, highly ordered atomic structure, and specific physical properties. By comparison, a rock is an aggregate of minerals and/or mineraloids and does not...
processing industries. The firm concentrates on producing machines and methods which facilitate the various stages of extractive metallurgy
Extractive metallurgy
Extractive metallurgy is the study of the processes used in the separation and concentration of raw materials. The field is an applied science, covering all aspects of the physical and chemical processes used to produce mineral-containing and metallic materials, sometimes for direct use as a...
and mineral processing
Mineral processing
In the field of extractive metallurgy, mineral processing, also known as mineral dressing or ore dressing, is the process of separating commercially valuable minerals from their ores.-History:...
from ore
Ore
An ore is a type of rock that contains minerals with important elements including metals. The ores are extracted through mining; these are then refined to extract the valuable element....
through to pure metal or mineral, including the grinding and physical separation of ores and the smelting
Smelting
Smelting is a form of extractive metallurgy; its main use is to produce a metal from its ore. This includes iron extraction from iron ore, and copper extraction and other base metals from their ores...
and leaching
Leaching (metallurgy)
Leaching is a widely used extractive metallurgy technique which converts metals into soluble salts in aqueous media. Compared to pyrometallurgical operations, leaching is easier to perform and much less harmful, because no gaseous pollution occurs...
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
Outokumpu
Outokumpu is a group of companies headquartered in Espoo, Finland, aimed at stainless steel. The company has approx. 8 000 employees in about 30 different countries worldwide...
, having been established in the late 1940s, but it was spun off
Spin out
A spin-out, also known as a spin-off or a starburst, refers to a type of corporate action where a company "splits off" sections of itself as a separate business....
as a separate entity in June 2006 when the parent company decided to concentrate on its primary concern of stainless steel
Stainless steel
In metallurgy, stainless steel, also known as inox steel or inox from French "inoxydable", is defined as a steel alloy with a minimum of 10.5 or 11% chromium content by mass....
. A listing on the Helsinki Stock Exchange
Helsinki Stock Exchange
The Helsinki Stock Exchange is a stock exchange located in Helsinki, Finland. Since 3 September 2003 it has been part of OMX, referred to as OMX Helsinki . Since NASDAQ's acquisition of OMX in February 2008, the official name of the Helsinki exchange has been NASDAQ OMX Helsinki.- History :The...
followed shortly afterwards, and the company was promoted to the benchmark
Benchmarking
Benchmarking is the process of comparing one's business processes and performance metrics to industry bests and/or best practices from other industries. Dimensions typically measured are quality, time and cost...
OMX Helsinki 25
OMX Helsinki 25
OMX Helsinki 25 is a stock market index for Helsinki Stock Exchange. It is a market value weighted index that consists of the 25 most-traded stock classes. The maximum weight for a single stock is limited to 10%...
as a result of the index's February 2007 reclassification.