outotec to sell recycling business as it focuses on international mining

Outotec to divest Recycling business

 · Outotec, headquartered in Helsinki, has announced plans to divest its Recycling business as part of a new strategy focused on growth and improving profitability. Outotec was created earlier this year through the …

Outotec to sell its waste recycling activity – SDC DPW

 · Outotec announced in October 2020 its decision to divest its recycling business, which includes the waste recycling and metal recycling business segments, on the basis of the company''s strategic focus on aggregates and mining industries. The transaction

Outotec to divest its Metal Recycling business

 · Outotec has signed an agreement to divest its Metal Recycling business line to an affiliate of Mimir, an investment company based in Stockholm, Sweden. The closing of the transaction is expected to take place during the first half of 2022. The parties have decided not to disclose the value of the transaction.

Outotec ''to exit recycling''

 · Plans to divest recycling business announced as strategy review cites ''limited synergies''

Outotec

Outotec Oyj is a Finnish publicly traded company that was established in 2020 when Outotec and Minerals merged. ... and that they were going to sell both of their recycling business lines. Over half of the company''s net sales came from the which ...

Outotec to divest its Metal Recycling business

 · December 31, 2021 Janet Ngule. Outotec has signed an agreement to divest its Metal Recycling business line to an affiliate of Mimir, an investment company based in Stockholm, Sweden. The closing of the transaction is expected to take place during the first half of 2022. The parties have decided not to disclose the value of the transaction.

Outotec ''to exit recycling''

 · However, financial performance targets in the new strategy include an adjusted EBITA margin of more than 15% as the Finland-based Outotec bids to become "an industry leading company" and "take profitability to a new level". Company president and CEO Pekka Vauramo said: "We have made a strategic decision to exit the recycling ...

Outotec to Sell its Waste Recycling Business

 · Under an agreement signed between Outotec and Ahlström Capital, Outotec will divest its Waste Recycling business line to the investment company. The move is in line with the Finland-based firm''s goal of focusing on the aggregates and mining industries.

Outotec to divest waste-recycling business | Agg-Net

 · Outotec have announced that an agreement has been signed for the sale of their waste-recycling business to Ahlström Capital, a family-owned investment company, for an undisclosed sum. In October 2020, Outotec took the decision to divest their recycling operations based on the company''s strategic focus on the aggregates and mining industries.

Outotec to divest its waste recycling business

 · Outotec has signed an agreement to divest its waste recycling business line to Ahlström Capital, a family-owned investment company. Outotec''s recycling business comprises of the waste recycling and metal recycling business lines based on the company''s strategic focus on the aggregates and mining industries.

Outotec to divest its Metal Recycling business

Outotec Corporation''s press release on December 31, 2021 at 09:00 am EET Outotec has signed an agreement to divest its Metal Recycling business line to an affiliate of Mimir, an investment company based in Stockholm, Sweden. The closing of the transaction is expected to take place during the first half of 2022. The parties have decided not to disclose …

Outotec Hands Over Waste Recycling Business

 · Outotec signs agreement to divest its recycling businesses to Ahlström Capital, as it focuses on its mining and aggregate operations. With global waste management services valued well over US$50bn in 2019, recycling has proven to be an enormous task. As businesses are doing their best to reduce waste, and properly dispose of anything ...

Outotec to divest waste recycling business to Ahlström Capital

 · Finland-headed technology major Outotec Corporation has announced that it has signed an agreement to divest its Waste Recycling business line to Ahlström Capital, a family-owned investment company. The closing of the transaction, the value of which has not been disclosed, is expected to take place during the fourth quarter of 2021.

Outotec to divest its Waste Recycling business

 · Outotec continues with the divestment process of its Metals Recycling business line. "We are very pleased that we have found a new owner for our business, whose strategic thinking and ambitions are so well aligned with ours," says Uffe Hansen, who is heading the Waste Recycling Business.

Outotec to divest its Waste Recycling business

 · Outotec has signed an agreement to divest its Waste Recycling business line to Ahlström Capital, a family-owned investment company. Outotec announced in October 2020 its decision to divest its Recycling business which comprises of the waste recycling and metal recycling business lines based on the company''s strategic focus on the …

Outotec metal recycling business becomes Lindemann

 · The business will change name in conjunction with the divestment and operate globally under the Lindemann brand, with headquarters in Düsseldorf, Germany. Its current approximately 160 employees will transfer to the new company in connection with the transaction. The net sales of the business totaled EUR 77 million in 2020. Source: .

Outotec to divest its metal recycling business

 · Outotec announced in October 2020 that it intends to divest its recycling businesses, which have since been reported as part of discontinued operations in Outotec''s financial statements.

Outotec to sell metal recycling business – MineConnect

 · The closing of the transaction is expected to take place during the first half of 2022. The parties have decided not to disclose the value of the transaction. The divestment will not have a material impact on Outotec''s financial results. Read the full article from

Outotec merger sets up future expansion

 · Finalised on July 1, the merger brings together the two Finnish companies, which have €4.186 billion ($6.8 billion) in combined sales for 2019, with that …

Recycling home page

Outotec''s recycling businesses have been divested. On December 1, 2021, Waste Recycling business was divested to Ahlström Capital and continues its operations under M&J Recycling. >> Visit M&J Recycling website << On June 2, 2022, Metal ...

Outotec divests metal recycling business

 · The Metal Recycling business sold to Mimir includes the brands Lindemann and Texas Shredder. The business will change its name in conjunction with the divestment and operate globally under the Lindemann brand, with headquarters in Düsseldorf, Germany. It''s current approximately 160 employees will transfer to the new company in connection with ...

Outotec to divest its Waste Recycling business – Rock …

Outotec has signed an agreement to divest its Waste Recycling business line to Ahlström Capital, a family-owned investment company. Outotec announced in October 2020 its decision to divest its Recycling business which comprises of the waste recycling and metal recycling business lines based on the company''s strategic focus on the aggregates …

Outotec to close Canada parts plant

 · Outotec also reported plans this week to divest its recycling business which sells products and services for metal and waste recycling. Its sales in 2019 were € 156 million (US$184 million), and it reported an adjusted EBITDA marging of approximately 6%.

Outotec to sell metal recycling business

 · Outotec. Outotec has signed an agreement to divest its metal recycling business line to an affiliate of Mimir, an investment company based in Stockholm, Sweden. The closing of the transaction is expected to take place during the first half of 2022. The parties have decided not to disclose the value of the transaction.

Outotec signs agreement to sell its Waste Recycling business …

 · In October of last year, Outotec announced it would divest its Recycling business, which includes the waste recycling and metal recycling business lines, based on the company''s strategic focus on the aggregates and mining industries. The sale to Ahlström Capital is expected to take place during the fourth quarter of 2021, according to ...

Outotec sells aluminium business to REEL International

 · Outotec has signed an agreement with French material handling systems and lifting equipment company REEL International to divest its aluminium business. Financial details of the deal have not been disclosed by both companies. Outotec Aluminium business vice-president Antti Koulumies said: "It''s rare to find another business with ...

to sell recycling business to Ahlström Capital

 · Aggregates and mining equipment specialist Outotec is to sell its Waste Recycling business to Finnish investment firm Ahlström Capital, for an undisclosed amount. The decision to sell the business was made in October of last year and is a strategic move designed to help streamline activities and improve its profitability, following Outotec''s formation …

Outotec to sell recycling business as it focuses on ''core'' …

 · Outotec Corporation''s press release on December 31, 2021 at 09:00 am EET. Outotec has signed an agreement to divest its Metal Recycling business line to an affiliate of Mimir, an investment company based in Stockholm, Sweden. The closing of the transaction is expected to take place during the first half of 2022.

Outotec divests metal recycling division

 · Outotec has signed an agreement to sell its metal recycling business line, including the Lindemann brand, to Mimir, an investment company based in Stockholm, Sweden. ''We are delighted that going forward, the metal recycling business will continue to implement its strategy together with the new owner Mimir,'' comments Outotec''s ...

Outotec to divest its Waste Recycling business

 · Outotec has signed an agreement to divest its Waste Recycling business line to Ahlström Capital, a family-owned investment company. Outotec announced in October 2020 its decision to divest its Recycling business which comprises of the waste recycling and metal recycling business lines based on the company''s strategic focus on the …

Meto Outotec Archives

 · The Recycling business sells products and services for metal and waste recycling. Its sales in 2019 were €156 million, and it reported an adjusted EBITA margin of around 6%. Speaking of synergies, Vauramo updated investors on its plan to generate total cost synergies of €120 million by the end of 2021 through the merger process.