Outokumpu Technology proposes name change to Outotec

The board of Outokumpu Technology Oyj will propose to shareholders at the general meeting on April 2, 2007, that the company's name be changed to Outotec Oyj. The company, which became independent from its former parent Outokumpu Oyj in October 2006, had agreed to change its name by June 2008.

Outokumpu Technology is a recognized name in the global mining and metals industry, with decades of experience in designing and constructing metallurgical plants. The company is known for developing industry-standard technologies.

The proposed name change to Outotec Oyj is a step in the company's development as an independent, publicly traded entity with its own brand identity. If approved by the general meeting, the name change would take effect on April 24, 2007.