Annual Report 2010 - Outokumpu

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70 Metals 19.0 14.9 15.5 Nitrates 528 438 578 Hazardous waste, tonnes Oily sludge to the treatment 4 916 5 907 4 978 Hydroxide sludge landfilled 42 802 38 444 49 646 Steel making dust to recovery 37 047 25 265 37 240 Wastes and by-products, tonnes Slag, total 451 124 324 832 593 777 Slag utilised 121 847 185 576 443 517 * Figures in the 2009 and 2008 reports were incorrect. The figures presented here have been corrected. Outokumpu Annual Report 2010 – Business – Material balance
71 Improving waste handling and preventing soil contamination Waste materials recycling a priority Dust and scale collected from stainless steel manufacturing operations are considered by Outokumpu to be significant waste streams. Wherever practicable, these waste materials are collected and recycled to recover the valuable alloying elements they contain – these include nickel, chromium and molybdenum. When necessary, specialist recovery techniques are employed such as the Direct-Current Arc Furnace at the Group's melt shop in Sheffield or external treatment facilities operated by other companies. The total quantity of dusts and scale collected and treated by Outokumpu in 2010 was 47 000 tonnes. Wastes from Outokumpu production units are sent to appropriate treatment facilities or to landfill sites licensed to accept such materials. Both hazardous and non-hazardous wastes are involved, and pre-treatment of the waste material is completed whenever this is required. Hazardous wastes (oily wastes and hydroxide sludge) generated by the Group's operations in 2010 totalled 48 000 tonnes. All such materials are treated, re-used or disposed of in accordance with current legislation and best practices. Outokumpu owns and manages landfill sites at some production sites in Finland, in Sweden and in the UK. In Tornio in Finland, a new 5-hectare landfill site for hazardous waste has been prepared, but an older one is still in use. The closure process for this landfill site has been initiated with completion scheduled in 2012. Both landfill sites fulfil all the high requirements and standards set by European legislation. Read more about materials efficiency. Working hard to prevent leakages and soil contamination As planned, soil-contamination mapping or remediation operations were ongoing at several Outokumpu sites in 2010. Soil surveys were completed at Fagersta and Molkom in Sweden without any demands for further action. Studies were carried out also at Avesta and Nyby in Sweden together with Wildwood in the US. The decommissioning of Group plant located at Meadowhall and Stocksbridge in the UK continues. Closure of former landfill areas at Nyby in Sweden and Tornio in Finland proceeded as planned, and the capping of Tinsley Park Landfill at Sheffield in the UK, continued. Remediation activities in connection with contaminated groundwater continue at the Outokumpu site in Wildwood. Remediation work connected with a historic oil leakage at Montreal in Canada also continued, with normal operation of the system during 2010. Oil levels in this location are stable or declining. Outokumpu Annual Report 2010 – Business – Waste
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Annual Report 2010
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Table of contents Outokumpu - an in
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Group Executive Committee .........
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1 Outokumpu - an international stai
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3 CEO's review 2010 was characteris
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5 Next steps The managerial agenda
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7 Group key figures 2010 2009 2008
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9 Strategic themes Outokumpu's stra
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11 Excel in operations Safe working
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13 Management discussion of financi
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15 € million Operating profit Gen
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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 and 46: 39 Long Products Sheffield The Shef
Page 47 and 48: 41 Specialty Stainless key figures
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: 69 Material balance Materials used,
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
Page 97 and 98: 91 Outokumpu and stakeholders The s
Page 99 and 100: 93 Goals for 2011 Improve HR report
Page 101 and 102: 95 Personnel facts and figures Outo
Page 103 and 104: 97 The US 330 321 403 Others 33 33
Page 105 and 106: 99 Open communication Employee moti
Page 107 and 108: 101 Compensation and benefits Outok
Page 109 and 110: 103 Developing our people through c
Page 111 and 112: 105 Health and safety Health and sa
Page 113 and 114: 107 Everyone deserves a safe workin
Page 115 and 116: 109 We value our stakeholders' opin
Page 117 and 118: 111 Outokumpu and our customers - a
Page 119 and 120: 113 Current and future employees Bo
Page 121 and 122: 115 our home market Europe, resulte
Page 123 and 124: 117 Production employees are repres
Page 125 and 126: 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
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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
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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
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Outokumpu is a global leader in sta
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Annual Report 2010 - Outokumpu

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