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Topic: Fortum

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	Pipeline :: Serving the energy industry across the Middle East
		Fortum has also decided to invest EUR 500 million to upgrade the Porvoo refinery, in order to take advantage of well established market trends and thereby further improve its competitiveness and profitability.
		Fortum has concluded that an IPO of the oil business best positions both businesses to take advantage of the strategic opportunities they face and provides them with access to separate pools of capital.
		Fortum expects to increase its refining margin premium by at least USD 1/bbl and thus achieve an attractive return on investment using relatively conservative assumptions.
	www.pipelinedubai.com /press/pr_1003.htm (562 words)

	UBC - The UBC Bulletin / 1-2004
		Fortum, which has its headquarters in Espoo, Finland, is a leading energy company in the Nordic countries and the other parts of the Baltic Rim.
		Fortum is the number one oil refiner and a remarkable retailer of clean traffic fuels in the Nordic area.
		Fortum's goal is to maintain its position as the leading refiner of clean traffic fuels.
	www.ubc.net /bulletin/bulletin1_04/p65.html (408 words)

	IRIS Public WWW (Site not responding. Last check: 2007-10-22)
		Fortum is an international energy group formed through the combination of the IVO Group and Neste Group.
		Fortum was established in 1998 by combining the businesses of the IVO Group and the Neste Group.
		Fortum’s energy business includes natural gas, LPG (liquefied petroleum gas), solar and wind energy solutions, as well as a unit specialising in district heat and steam supply.
	www.hut.fi /Units/Ship/Research/Iris/Public/Participants/fortum.html (506 words)

	Gazprom
		Fortum is among leading energy companies in the North European countries, which operations embrace the whole energy chain, including production, processing, distribution and marketing as well as related services to be rendered in energy engineering, equipment operation and repair.
		In 2001, Gazprom and Fortum, after a scrutinized analysis of probable routes for the North-European gas pipeline, came to a conclusion on the project feasibility choosing the "sea" variant of pipeline going from Russia through the Gulf of Finland and the Baltic Sea to the coastal Germany.
		Fortum enters into a consortium of the firms participating in development of the Shtokmanovskoye gas condensate field in the Barents Sea.
	www.gazprom.ru /eng/articles/article8924.shtml (827 words)

	Members/Associate members
		Fortum is a leading energy company in the Nordic countries and the other parts of the Baltic Rim.
		Fortum’s activities cover the generation, distribution and sale of electricity and heat, the production, refining and marketing of oil, the operation and maintenance of power plants as well as energy-related services.
		Fortum’s competitiveness in the power and heat business is based on a pan-Nordic concept which is characterised by a high level of operational efficiency and a broad customer base.
	www.f-e-e.org /membre/fortum.htm (126 words)

	Fortum -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-10-22)
		Fortum operations cover the generation, distribution and sale of (A physical phenomenon associated with stationary or moving electrons and protons) electricity and (A form of energy that is transferred by a difference in temperature) heat.
		Also it refines and markets (A slippery or viscous liquid or liquefiable substance not miscible with water) oil and operates and maintenances (An electrical generating station) power plants as well as does other energy-related services.
		The main products of the company are (A physical phenomenon associated with stationary or moving electrons and protons) electricity, (A form of energy that is transferred by a difference in temperature) heat and (Water at boiling temperature diffused in the atmosphere) steam, traffic fuels and (A petroleum product used for fuel) heating oils.
	www.absoluteastronomy.com /encyclopedia/f/fo/fortum.htm (123 words)

	Greenpeace protests against new Finnish nuclear power plant (Site not responding. Last check: 2007-10-22)
		Fortum owns 26.6 percent of TVO, a non-profit entity that last year won parliamentary approval to build a fifth nuclear reactor in Finland, supplementing four existing power stations which were built in the 1970s.
		On Monday, Fortum's employees were met by anti-nuclear slogans, leaflets and banners when they came to work at the group's headquarters outside Helsinki as well as its other main offices in Copenhagen, Oslo and Stockholm.
		Fortum, controlled by the Finnish state which has a 61-percent stake, is the Nordic region's second largest producer of electricity, supplying some 13 percent of total deliveries.
	www.spacewar.com /2003/031110094113.vw0fxcgn.html (238 words)

	Fortum Oyj
		Fortum Corporation was founded in 1998, when the IVO Group (power and heat) and the Neste Group (oil and gas) were combined into a new company Fortum.
		Today Fortum is one of the leading Nordic energy companies, covering the entire energy chain, from production, refining, distribution and marketing of oil and gas to engineering, sales and distribution of electricity and generation of power and heat.
		Fortum Energy Partners offer homeowners a comprehensive service package through which customers an order fuelwood and home appliance maintenance services or even obtain a solar power system for their holiday residence.
	www.sovereign-publications.com /fortum.htm (441 words)

	Customer Reference (HTML Format): Fortum Distribution Inc
		Given Fortum's growing customer base, it decided to improve its electric meter reading process, a process in which the company's field workers collected meter data and recorded it by hand.
		In 1999, Fortum began to look for a wireless meter reading solution that would improve the efficiency of field workers and the accuracy of the data collected.
		Fortum is exploring additional ways to make its field technicians more efficient and is presently working with Oracle on a wireless implementation that will address customer service and repair with mobile job ticketing and billing processes.
	www.oracle.com /customers/profiles/PROFILE9121.HTML (504 words)

	ITworld.com - HP to manage IT for Finnish energy giant
		Fortum Chief Information Officer Jouni Keronen said that the energy firm decided to outsource its IT infrastructure because it is easier to buy the services than to do the functions internally.
		Fortum purchased equipment and consulting services from HP in the past, and expects to buy more hardware from the Palo Alto, California, provider moving forward, Keronen said.
		Fortum, based in Espoo, Finland, has around 13,000 employees worldwide and posted net sales of 11.4 billion (US$14 billion) in 2003.
	www.itworld.com /Tech/4535/040823hpfortum/pfindex.html (345 words)

	Fortum - Wikipedia, the free encyclopedia
		Fortum (before 1998 IVO and Neste) is a Finnish public listed energy company which operates in Nordic countries and in Baltic countries and in Poland.
		Fortum operations cover the generation, distribution and sale of electricity and heat.
		Also it operates and maintenances power plants as well as does other energy-related services.
	en.wikipedia.org /wiki/Fortum (132 words)

	TietoEnator and Fortum establish partnership on implementing new Nordic platform for Customer Service and Billing ...
		Fortum's target is to create a new solid IT structure to support growth in the Nordic area.
		To Fortum, it will be a key element in Fortum's Nordic platform and will assist the company in strengthening the relationships with customers as well as reducing operating costs and shortening time to market for new products.
		Fortum Markets is a Nordic sales and marketing organisation with an ambition to become the energy supplier of choise in the Nordic market.
	www.tietoenator.com /?path=1,96,135&hid=929195 (570 words)

	Fortum Oyj 3Q Earnings Drop 28 Percent - Forbes.com (Site not responding. Last check: 2007-10-22)
		Fortum said the Nordic region, its key business area, had consumed slightly more electricity over the period than last year and projected that consumption in the Nordics would continue to increase by an average 1 percent per year in the next few years.
		However, Fortum said it was concerned over the new hydro- and nuclear power tax proposals made by the Finnish and Swedish governments in conjunction with the 2006 budgetary talks of the two countries.
		Fortum, which is 59 percent owned by the Finnish government, is the second largest power company in the Nordic region after Sweden's state-owned Vattenfall.
	www.forbes.com /home_europe/feeds/ap/2005/10/20/ap2288589.html (638 words)

	DNV - Purha: Fortum's first tanker from China
		Fortum Shipping currently operates a fleet of some 30 tankers, including both its own and time-chartered vessels.
		To ensure year-round operation in the severe ice conditions in the Gulf of Bothnia and the Gulf of Finland, the vessels are being built to the highest Finnish/Swedish ice class 1A Super standards.
		Fortum has chosen a machinery configuration with a medium-speed engine coupled to the shaft via reduction gear.
	www.dnv.com /publications/classification_news/class_news_1_2004/PurhaFortumsfirsttankerfromChina.asp?print=1 (777 words)

	Fortum’s Unique Customer-Oriented Approach Recognised With Frost & Sullivan’s Product Line Strategy Leadership Award
		Fortum’s focus on varied technologies such as thermal, combined-cycle, and cogeneration is equally impressive.
		Fortum is the second largest power company and leading heat producer in the Nordic countries, producing electricity, heat and steam, fuels and heating oils.
		Fortum Service is a part of Fortum Group, offering operation, maintenance and asset management services for industry and energy companies in the Nordic countries as well as in selected European markets and in Asia.
	www.frost.com /prod/servlet/press-release.pag?docid=19682103 (596 words)

	GN Online: Fortum quarterly earnings beat forecasts
		Fortum's second-quarter profit before extraordinary items rose to 202 million euros ($178 million) from 127 million a year ago, with net sales up almost seven per cent at 2.8 billion.
		Fortum said in a statement that for the three months to end-June sales were fuelled by the increase in natural gas prices and volumes, higher electricity and gas output and an increase in electricity prices during the first half of 2001.
		Fortum reiterated it did not expect to see immediate growth in oil consumption in its main markets.
	www.gulf-news.com /Articles/news.asp?ArticleID=23698 (499 words)

	Comparitive Business Analysis -- Fortum Oyj (Site not responding. Last check: 2007-10-22)
		Although Fortum Oyj is headquartered in Finland, it derives most of its sales outside of its home market: sales in Finland were 4.50 billion Euro which was only 38.6% of 2004's sales.
		Fortum Oyj has increased its dividend during each of the past 5 fiscal years (in 1999, the dividends were 0.14 Euro per share).
		At the end of 2004, Fortum Oyj had negative working capital, as current liabilities were 2.35 billion Euro while total current assets were only 2.11 billion Euro.
	www.corporateinformation.com /corpinfo2.asp?cusip=C246E3970&curconv=246 (1666 words)

	Fortum Corporation - Company Profile - Insurance Business Review (Site not responding. Last check: 2007-10-22)
		Fortum is a provider of energy in the Nordic countries and the Baltic Rim.
		Fortum is an energy company serving the Nordic countries and the Baltic Rim.
		Fortum was included the Dow Jones Sustainability Index for the second year in a row.
	www.insurance-business-review.com /companyprofile.asp?guid=3DE7C4F7-5BCE-43ED-94CD-FC6A9D787ACD (1697 words)

	ÅF \| Ångpanneföreningen \| the AF Group - ÅF acquires Fortum Teknik & Miljö (Site not responding. Last check: 2007-10-22)
		Fortum Teknik and Miljö, FTM, (part of Fortum Service) is a consulting company active in the areas of energy, the environment and electric power.
		Fortum Service is part of Fortum Group, the leading Nordic energy company.
		Fortum Service offers operation, maintenance and asset management solutions for industry and energy companies in the Nordic area as well as chosen international markets.
	www.af.se /templates/page____16692.asp (561 words)

	Alexander's Gas & Oil Connections - Fortum seeks investors for Baltic gas pipeline (Site not responding. Last check: 2007-10-22)
		22-11-02 Finnish energy group Fortum said it is seeking investors to join it in building a $ 3 bn gas pipeline from Russia to western Europe together with gas giant Gazprom.
		Gazprom, one of Russia's biggest companies, said its board had given the go-ahead for the gas pipeline, which is planned to run under the Baltic Sea and be operational by 2007.
		Fortum established North Transgas in 1997, a 50:50 joint venture with Gazprom to develop, own and operate the new 1,200 km-plus pipeline.
	www.gasandoil.com /goc/company/cne25096.htm (303 words)

	CAMELL Expedition - Fortum press release - Mar 1999 (Site not responding. Last check: 2007-10-22)
		Fortum Corporation is an international energy group formed through the combination of two Finnish industrial groups, IVO Group, the power company, and Neste Group, the oil and gas company.
		Fortum's core business is energy: oil and gas, power and heat, operation and maintenance of power and other plants, and engineering.
		Fortum's objective is to be one of the leading energy enterprises in Northern Europe.
	camell.atlas.co.uk /mrelse3.html (448 words)

	HP to manage IT for Finnish energy giant - Computerworld
		Fortum CIO Jouni Keronen said the energy firm decided to outsource its IT infrastructure because it's easier to buy the services than to do the functions internally.
		Fortum has purchased equipment and consulting services from HP in the past and expects to buy more hardware from the company, Keronen said.
		Fortum, based in Espoo, Finland, has about 13,000 employees worldwide and posted net sales of $14 billion for 2003.
	www.computerworld.com /printthis/2004/0,4814,95428,00.html (396 words)

	EuroPower.com
		Fortum Oyj said it will focus on achieving the targets set, delivering a strong cash flow and controlling the balance sheet.
		The Finnish energy group presented its preliminary 2002 results today, saying this was a good year for Fortum, with major strategic moves and significant increase in earnings.
		By February 2003, Fortum had agreed on transactions covering strategically important assets worth 6.5 billion euros and divested non-core assets worth 2.5 billion euros.
	www.europower.com /site/ep_article.php?artid=2700 (345 words)

	HS Business & Finance 10.10.2003 - Oil operations of Fortum to be listed already next spring (Site not responding. Last check: 2007-10-22)
		The oil operations of Finnish energy group Fortum, which are to be spun off into a separate company, will be listed on the Helsinki Exchanges already next spring.
		At the outset, Fortum will own 49 percent of Fortum Oil, and the state will acquire a slice of a couple of percent in the new oil company directly.
		Once the current Fortum splits in two, the old Fortum will concentrate on electricity generation and heating, and Fortum Oil on oil refining and distribution.
	www2.helsinginsanomat.fi /english/archive/news.asp?id=20031010IE6 (316 words)

	2003-06-13 : EU: EU APPROVES FORTUM-E.ON 800-MLN-EURO ASSETS DEAL. (LBA) (Site not responding. Last check: 2007-10-22)
		Fortum will get some shares in Norway's number two electricity company Hafslund, all of the shares in Oestfold Energi Nett and some related companies, and nearly half the shares of Fredrikstads Energy.
		Fortum also get less than 10 percent of the shares in AO Lenergo, the largest utility company in northwestern Russia, raising its stake to more than 15 percent.
		Fortum will give E.ON its power plants in Burghausen, Germany, and Edenderry, Ireland, along with the shares and business of Fortum Distribution Smeland in Sweden.
	virtual.finland.fi /reuters/00000000.bsk/_r12003061301646.htm (240 words)

	JS Online: Fortum Buying Norwegian Power Companies, (Site not responding. Last check: 2007-10-22)
		Fortum chief executive Mikael Lilius said the deals in Norway and Russia gave Fortum a ``foothold...
		Fortum, which is 71 percent-owned by the Finnish government, generates electricity for 1.3 million customers in Estonia, Finland, Germany and Sweden.
		Fortum was formed in 1998 when the state-owned oil and gas company, Neste, merged with IVO.
	www.jsonline.com /bym/news/ap/jan03/ap-fortum-acquisit013103.asp?format=print (300 words)

	Comparitive Business Analysis -- Fortum Oyj (Site not responding. Last check: 2007-10-22)
		Fortum Oyj also experienced decreases in sales in Markets (down 9.9% to 1.39 billion Euro).
		Fortum Oyj also experienced significant increases in sales in Finland (up 6.6% to 4.50 billion Euro) and United States and Canada (up 22.6% to 1.79 billion Euro).
		Fortum Oyj's 2004 gross profit margin of 25.9% was better than all three comparable companies (which had gross profits in 2004 between 14.9% and 25.1% of sales).
	www.corporateinformation.com /corpinfo2.asp?cusip=C246E3970&curconv=246 (1666 words)

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