Outotec Oyj (Outokumpu Technology prior to 24 April 2007) was a Finnish company, headquartered in

Espoo Espoo (, ; ) is a city in Finland. It is located to the west of the capital, Helsinki, in southern Uusimaa. The population is approximately . It is the most populous Municipalities of Finland, municipality in Finland. Espoo is part of the Helsi ...

, aimed at providing technologies and services for the

metal A metal () is a material that, when polished or fractured, shows a lustrous appearance, and conducts electrical resistivity and conductivity, electricity and thermal conductivity, heat relatively well. These properties are all associated wit ...

and

mineral In geology and mineralogy, a mineral or mineral species is, broadly speaking, a solid substance with a fairly well-defined chemical composition and a specific crystal structure that occurs naturally in pure form.John P. Rafferty, ed. (2011): Mi ...

processing industries. In 2020, Outotec merged with Metso Minerals and new company is called Metso Outotec. The firm concentrated on producing machines and methods which facilitate the various stages of

extractive metallurgy Extractive metallurgy is a branch of metallurgical engineering wherein process and methods of extraction of metals from their natural mineral deposits are studied. The field is a materials science, covering all aspects of the types of ore, was ...

and

mineral processing Mineral processing is the process of separating commercially valuable minerals from their ores in the field of extractive metallurgy. Depending on the processes used in each instance, it is often referred to as ore dressing or ore milling. Be ...

from

ore Ore is natural rock or sediment that contains one or more valuable minerals, typically including metals, concentrated above background levels, and that is economically viable to mine and process. The grade of ore refers to the concentration ...

through to pure metal or mineral, including the grinding and physical separation of ores and the

smelting Smelting is a process of applying heat and a chemical reducing agent to an ore to extract a desired base metal product. It is a form of extractive metallurgy that is used to obtain many metals such as iron-making, iron, copper extraction, copper ...

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 Outokumpu Oyj is a group of international companies headquartered in Helsinki, Finland, with 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 Americ ...

, 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 Stainless steel, also known as inox, corrosion-resistant steel (CRES), or rustless steel, is an iron-based alloy that contains chromium, making it resistant to rust and corrosion. Stainless steel's resistance to corrosion comes from its chromi ...

. A listing on the

Helsinki Stock Exchange Nasdaq Helsinki, formerly known as the Helsinki Stock Exchange (, ), is a stock exchange located in Helsinki, Finland. Since 3 September 2003, it has been part of Nasdaq Nordic (previously called ''OMX''). After the OMX merger, it was referred t ...

followed shortly afterwards, and the company was promoted to the

benchmark Benchmark may refer to: Business and economics * Benchmarking, evaluating performance within organizations * Benchmark price * Benchmark (crude oil), oil-specific practices Science and technology * Experimental benchmarking, the act of defining a ...

OMX Helsinki 25 as a result of the index's February 2007 reclassification.

References

External links

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Usage of Outotec technologies in Russia
{{Authority control 2020 disestablishments in Finland 2020 mergers and acquisitions Companies formerly listed on Nasdaq Helsinki Engineering companies of Finland Finnish companies established in 2006 Manufacturing companies based in Espoo Manufacturing companies disestablished in 2020 Manufacturing companies established in 2006