Annual Report 2010 - Outokumpu

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40 Specialty Stainless – special grades and products Outokumpu's Specialty Stainless division supplies both flat and tubular products for tailored solutions and demanding customer applications. Project orders form an important part of the business, supported by a strong R&D function and extensive, long-term experience in delivering tailored solutions. End-users Specialty Stainless serves customers who set very high requirements on steel grade, shape, thickness and surface finish in the oil and gas, chemical and petrochemical and pulp and paper industries as well as for applications in nuclear power and desalination plants. Products, production and R&D The main products produced by Specialty Stainless are hot and cold rolled coil, strip and plate, heavy plate (quarto plate), tubes and a variety of fittings, and precision strip. Most of the stainless steel slabs supplied to Specialty Stainless units come from Outokumpu's melt shops in Avesta, Sweden and Sheffield in the UK. In terms of finished products, Specialty Stainless units have production capacity totalling: 450 000 tonnes of cold rolled, white hot strip, plate and thin strip 170 000 tonnes of quarto plate 100 000 tonnes of tubular products The focus of operations in Specialty Stainless is on differentiation and further specialisation in special grades and products, with specific customer needs being met through the offer of development opportunities. Duplex grades, for example, are an excellent substitute for standard austenitic (nickel-containing) grades of stainless steel. Outokumpu is a market leader in duplex grades with a global market share of some 50%. Read more about duplex. At the Group's Avesta Research Centre in Sweden, the focus of R&D is on developing new grades of stainless steel, new applications and identifying the best solutions for each Outokumpu customer. Read more about R&D. Outokumpu Annual Report 2010 – Business – Specialty Stainless
41 Specialty Stainless key figures € million 2010 2009 2008 Sales 1 710 1 239 2 705 Operating profit -76 -149 -101 Non-recurring items in operating profit -17 -20 -83 Operating capital on 31 Dec 1 277 1 035 1 174 Return on operating capital, % -6.6 -13.5 -7.5 Capital expenditure 69 93 170 Depreciation 73 62 63 Personnel on 31 Dec 3 388 3 361 4 006 1 000 tonnes Deliveries of main products Cold rolled 133 86 154 White hot strip 124 92 142 Quarto plate 87 71 126 Outokumpu Annual Report 2010 – Business – Specialty Stainless
Page 1 and 2: Annual Report 2010
Page 3 and 4: Table of contents Outokumpu - an in
Page 5 and 6: Group Executive Committee .........
Page 7 and 8: 1 Outokumpu - an international stai
Page 9 and 10: 3 CEO's review 2010 was characteris
Page 11 and 12: 5 Next steps The managerial agenda
Page 13 and 14: 7 Group key figures 2010 2009 2008
Page 15 and 16: 9 Strategic themes Outokumpu's stra
Page 17 and 18: 11 Excel in operations Safe working
Page 19 and 20: 13 Management discussion of financi
Page 21 and 22: 15 € million Operating profit Gen
Page 23 and 24: 17 When the additional ferrochrome
Page 25 and 26: 19 also resulted in a substantial i
Page 27 and 28: 21 Group earnings per share totalle
Page 29 and 30: 23 € million Stainless steel base
Page 31 and 32: 25 Developing Outokumpu's corporate
Page 33 and 34: 27 A significant proportion of Outo
Page 35 and 36: 29 Market position In recent decade
Page 37 and 38: 31 amount of stainless steel consum
Page 39 and 40: 33 General Stainless - high-quality
Page 41 and 42: 35 An efficient, integrated single-
Page 43 and 44: 37 chromium ore was found to extend
Page 45: 39 Long Products Sheffield The Shef
Page 49 and 50: 43 Special Coil and Plate Special C
Page 51 and 52: 45 Outokumpu Stainless Tubular Prod
Page 53 and 54: 47 Group level functions Outokumpu'
Page 55 and 56: 49 Headquarters in Belgium Outokump
Page 57 and 58: 51 Expansion of our service centre
Page 59 and 60: 53 Supply Chain Management Procurem
Page 61 and 62: 55 50% compared to 2009. The ferroc
Page 63 and 64: 57 Research and development Product
Page 65 and 66: 59 perfectly safe for use in equipm
Page 67 and 68: 61 Stainless is optimal for sustain
Page 69 and 70: 63 Environmental goals and results
Page 71 and 72: 65 Results 2010 Sheffield melt shop
Page 73 and 74: 67 Until the beginning of 2009, sla
Page 75 and 76: 69 Material balance Materials used,
Page 77 and 78: 71 Improving waste handling and pre
Page 79 and 80: 73 Primary actions included in the
Page 81 and 82: 75 Despite of protective actions ag
Page 83 and 84: 77 Stainless steel in innovations a
Page 85 and 86: 79 Emissions and effluents One of O
Page 87 and 88: 81 ficiation and clarification basi
Page 89 and 90: 83 Water - a natural resource for c
Page 91 and 92: 85 Water withdrawal and discharges
Page 93 and 94: 87 studies monitoring the prevailin
Page 95 and 96: 89 Environmental investments furthe
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91 Outokumpu and stakeholders The s
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93 Goals for 2011 Improve HR report
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95 Personnel facts and figures Outo
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97 The US 330 321 403 Others 33 33
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99 Open communication Employee moti
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101 Compensation and benefits Outok
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103 Developing our people through c
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105 Health and safety Health and sa
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107 Everyone deserves a safe workin
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109 We value our stakeholders' opin
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111 Outokumpu and our customers - a
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113 Current and future employees Bo
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115 our home market Europe, resulte
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117 Production employees are repres
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119 Public sector support, sponsori
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121 Regulatory framework Outokumpu
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123 General Meeting of Shareholders
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125 To make other proposals to Gene
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127 Board committees The Board of D
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129 The CEO and Deputy CEO The Chie
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131 Group Corporate Management Outo
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133 Vice Chairman of the Board, Soi
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135 Key aspects of internal control
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137 Controller meetings were organi
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139 Risk management Outokumpu opera
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141 Strategic and business risks St
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143 Operational risks Operational r
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145 Both these financial risks and
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147 Good level of environmental man
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149 Climate change is taken serious
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151 Ethics, corporate responsibilit
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153 Internal audit monitors complia
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155 Outokumpu Annual Report 2010 -
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157 Solidium Oy 56 440 597 30.8 The
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159 Board authorisations Board Auth
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161 Shares subscribed with 2003B op
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163 programme for the earnings peri
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165 Information for shareholders An
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167 Stock exchange releases 2010 2
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169 Members of the Executive Commit
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171 Responsibility: HR strategy and
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173 Board member: Marzac Investment
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175 Based on its own assessment, Ou
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177 Risk management 4.10 Processes
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179 8 EN15 Species with extinction
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181 Human Rights Investment agreeme
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183 Fines for non-compliance PR9* c
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185 Measurement techniques Economic
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187 Days lost due to strikes is cal
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189 • Tested the completeness, ac
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191 8% from 2009. The clearly highe
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193 Profitability Earnings per shar
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195 During 2010, Outokumpu's net in
Page 203 and 204:
197 Outokumpu's strategic prioritie
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199 Outokumpu is participating in t
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201 Outokumpu has been systematical
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203 completed in November 2010 and
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205 Short-term outlook Following th
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207 Opinion on the company's financ
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209 Diluted earnings per share, €
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211 Retained earnings 1 365 1 735 N
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213 Proceeds from sale of property,
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215 Key financial figures of the Gr
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217 Quarterly information Income st
Page 225 and 226:
219 Share-related key figures 2010
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221 Definitions of key financial fi
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223 Income statement of the parent
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225 Share capital 311 309 Premium f
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227 Disposals of intangible assets
Page 235:
Outokumpu is a global leader in sta
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Annual Report 2010 - Outokumpu

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