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Solidium
Solidium Oy is a Finnish state-owned investment company. Founded in 1991, Solidium's original purpose was to manage the property of SKOP Bank (''Säästöpankkien Keskus-Osake-Pankki''; fi), which went bankrupt in the early 1990s recession. In 2008, the purpose of Solidium was changed to manage the listed minority shareholdings of the Finnish Government. Previously, the government directly owned the stock, and transferring them under a single company was the work of Minister of Trade and Industry Jyri Häkämies. On 1 August 2022, the net asset value of Solidium was EUR 8,968 million. Aside from Solidium, the government still directly owns shares in three listed companies as a majority shareholder. Holdings Solidium took over the state owned shares in 2008 of Kemira, Metso, Outokumpu, Rautaruukki, Sampo, Sponda, Stora Enso and Telia and in 2009 Elisa. Solidium acquired over 5% of Outotec mining technology company's shares in March 2012 while Goldman Sachs reduced ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Talvivaara
Ahtium (known until 2017 as the Talvivaara Mining Company; fi, Talvivaaran Kaivososakeyhtiö Oyj) was a Finnish mining company that operated the Talvivaara nickel mine from the company's establishment in 2004 until the mining business was sold to the state-owned in 2015. Formerly listed on the London and Helsinki Stock Exchanges, the company was a constituent of the OMXH25 index. Its mining business, Talvivaara Sotkamo, went bankrupt in November 2014, and it is bound for liquidation, with at least 98% of equity lost, and €1.4 million debt outstanding. The mine had suffered several leaks of toxic metal-contaminated tailings, which had threatened local waterways. Members of the management were charged with criminal environmental offenses. There has been considerable government involvement, with the Government of Finland being the largest single owner through their investment company Solidium. In 2015, the newly established government-owned corporation Terrafame bought the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stora Enso
Stora Enso Oyj (from sv, Stora and fi, Enso ) is a manufacturer of pulp, paper and other forest products, headquartered in Helsinki, Finland. The majority of sales takes place in Europe, but there are also significant operations in Asia and South America. Stora Enso was formed in 1998, when the Swedish mining and forestry products company Stora AB merged with the Finnish forestry products company Enso Oyj. In 2021, the average number of employees was over 23,000. In 2015, Stora Enso was ranked seventh in the world by sales and fourth by earnings, among forest, paper and packaging industry companies. For the first two quarters of 2018, the company was ranked second by net earnings among European forest and paper industry companies. The corporate history can be traced back to the oldest known preserved share certificate in the world, issued in 1288. Based on this, some observers consider Stora Enso to be the oldest limited liability company in the world. History Stora Enso wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elisa (company)
(English trade name Elisa Corporation) is a Finnish telecommunications company founded in 1882. Its previous names were Helsingin Puhelin (until July 2000) and Elisa Communications Oyj (until 2003). Elisa is a telecommunications, ICT and online service company operating mainly in Finland and Estonia, but it also offers digital services for international operators and other companies. In Finland Elisa is the market leader in mobile and fixed network subscriptions. Elisa provides services for communication and entertainment, and tools for improving operating methods and productivity of organisations. It cooperates for example with Vodafone and Tele2. Elisa offers fixed and mobile subscriptions and broadband subscriptions under Elisa and Elisa Saunalahti brands but also cable-tv-subscriptions. Elisa's digital services are among others Elisa Saunalahti, Elisa Videra, Elisa Automate, Elisa Smart Factory and Elisa Kirja ebook service. Elisa Viihde is producing Finnish drama. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metso
Metso Oyj was a Finnish industrial machinery company focusing on providing technology and services for mining, aggregates, and oil and gas, recycling, pulp and paper and other process industries. On 30 June 2020, Metso's partial demerger and combination of Metso Minerals business unit and Outotec took place. Two new companies started operations 1 July 2020: Neles and Metso Outotec. History Metso was created through the merger of Valmet and in 1999. In 2013, Metso demerged into two separate companies: Metso Corporation and Valmet Corporation. 1990s Metso was created on 1 July 1999 through the merger of Valmet, a paper and board machine supplier, and Rauma, which focused on fiber technology, rock crushing and flow control solutions. In 1998 Rauma's businesses included: * Timberjack forest machines * Sunds Defibrator fiber technology equipment * Nordberg rock crushers * Neles Controls valve-control systems The new company had overlapping operations and to some extent the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Outokumpu
Outokumpu Oyj is a group of international companies headquartered in Helsinki, Finland, employing 10,600 employees in more than 30 countries. Outokumpu is the largest producer of stainless steel in Europe and the second largest producer in the Americas. Outokumpu also has a long history as a mining company, and still mines chromium ore in Keminmaa for use as ferrochrome in stainless steel. The largest shareholder of Outokumpu is the Government of Finland, with 26.6% ownership, including the shares controlled by Solidium, The Social Insurance Institution of Finland, Finnish State Pension Fund and Municipality Pension Agency. Company history In 1908, a large deposit of copper ore was discovered in Outokumpu, in Northern Karelia. Outokumpu was established to develop the now-exhausted mine. In the 1940s, Outokumpu developed the flash smelting process for smelting copper. From 1986 to 1988 Outokumpu participated in a stainless steel cartel; it was caught in 1990, but not fine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kemira Kemira Oyj () is a global chemicals company serving customers in water intensive industries. Kemira has two main segments, Pulp & Paper and Industry & Water. Kemira is headquartered in Helsinki, Finland. In 2019, Kemira had annual revenue of around EUR 2.7 billion and over 5,000 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd. History 1920–1999 Founded in Finland in 1920 as the state-owned “Sulfuric Acid and Superphosphate Plants Corporation”, the company focused on the industrial, mining and fertilizer sectors. In 1933 it became a joint-stock company. The company expanded strongly into various fields of chemistry through acquisitions and mergers. In 1961 the name was changed to Rikkihappo Oy. Kemira's fertilizer business began to internationalize in the late 1960s with fertilizer exports. Typpi Oy, which had been engaged in the nitrogen industry in Oulu since 1952, was merged into the company in 1971, in connection with which the company's name was change ... [...More Info...] |
