Upcast

What Upcast does

UPCAST OY (trading as Upcast) is a Finnish private limited company headquartered in Pori, Finland, founded around 1974 to commercialize the UPCAST® upward continuous casting technology originally developed by the Outokumpu Group in the late 1960s. The company designs, manufactures, and exports continuous casting lines that produce copper rod, oxygen-free copper, and copper alloys using only electricity, compressed air, and cooling water circulation. Its product portfolio includes the core UPCAST® system, specialized lines such as SGTube (seamless tubes), Cast & Draw, Cast & Form, and an alloys program, complemented by an in-house pilot test facility, a newer Cooler Washer accessory, and sustainability reporting under the GREENERCAST™ sub-brand.

The company monetizes through three streams: one-time equipment sales of casting lines (including installation and commissioning), recurring aftermarket services (spare parts, maintenance, customer support), and technology licensing. Go-to-market is enterprise field sales led from Pori, supported by regional technical advisors in Barcelona, Istanbul, and North America who handle customer service, plant commissioning, and pre-sales technical support across Europe, the Americas, Asia, the Middle East, Africa, and Oceania. Pricing is not publicly disclosed; equipment is quoted on a custom basis against capacity and specification requirements.

Upcast serves copper rod manufacturers, wire and cable producers (including YKK, Viakable, COFICAB, and Metall-Expres), and increasingly targets copper demand for electric mobility and renewable energy applications. Notable technical differentiators include oxygen-free copper output at 101-102% IACS conductivity, the ability to process 100% ETP scrap into high-conductivity oxygen-free copper rod at up to 14,000 tons per year, and a carbon-neutral production profile when powered by renewable electricity. The company is ISO 9001 certified and operates without disclosed parent company, venture capital, or public listing.

Name

Upcast

Legal name

UPCAST OY

Website

https://upcast.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

11–50 employees

Short description

UPCAST OY (Upcast) is a Finnish industrial equipment company that designs, manufactures, and exports UPCAST® upward continuous casting lines for copper rod, oxygen-free copper, and copper alloys to manufacturers worldwide, with aftermarket spare parts and technical support.

Ownership category

akta.pro rank

Headquarters

HQ city

Pori

HQ country

Finland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Continuous Casting Equipment Sales: Upcast designs, manufactures, and sells upward continuous casting lines to copper rod and wire manufacturers worldwide. Equipment sales include installation, commissioning, and technical support services.
2. Customer Support and Spare Parts: Ongoing customer support services, spare parts supply, and maintenance services for existing UPCAST customers.
3. Technology Licensing: The company licenses its proprietary UPCAST® technology and process know-how to customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Upcast (UPCAST OY) designs, manufactures, and sells UPCAST® upward continuous casting lines for producing non-ferrous metal products, particularly copper rod, seamless tubes, profiles, and copper alloys. The company also provides technology licensing, customer support, spare parts, commissioning, and pilot test facility services to copper fabricators worldwide.

Product overview

Upcast (UPCAST OY) is a Finnish technology company and the leading supplier of upward continuous casting (UCC) technology for non-ferrous applications, particularly copper and copper alloys. The company's core offering is the UPCAST® system, originally developed by Outokumpu in the late 1960s. The product portfolio includes the core UPCAST® continuous casting lines for producing copper rod, tube, and wire, along with specialized product lines such as SGTube (seamless tubes), Cast & Draw, Cast & Form, and the alloys program for brass and other copper alloys. Supporting these products are customer support services, a pilot test facility for R&D and client trials, and the newer cooler washer accessory. The company also provides sustainability reporting documentation and publishes the UPCAST® Magazine for customer communications.

Differentiator

Problem solved

Functional benefit

Brands

• GREENERCAST™: Environmentally friendly continuous casting technology using only electricity, compressed air and cooling water circulation
• Cu-HCOF
• SGTube

Products and services

• UPCAST® Continuous Casting Technology UPCAST® upward continuous casting (UCC) technology for producing non-ferrous metals, particularly copper and copper alloys. The system uses only electricity, compressed air, and cooling water circulation to cast copper rod, tube, and wire profiles, and is sold to industrial copper fabricators worldwide.
• SGTube Product line for producing seamless copper tubes through the UPCAST continuous casting process, targeted at copper tube manufacturers.
• Cast & Draw Combined copper rod production process integrating casting and drawing operations for electrical wire manufacturers.
• Cast & Form Casting process for forming copper profiles and specialized shapes through the UPCAST system.
• UPCAST® in Alloys Continuous casting solutions specifically designed for copper alloys and brass production.
• UPCAST® Customer Support Ongoing technical support, spare parts supply, commissioning, and maintenance services for UPCAST customers.
• Cooler Washer Plug-and-play accessory device that automates the cleaning of UPCAST casting coolers without dismantling, improving end product quality and operational safety.
• Pilot Test Facility R&D facility with vertical furnace capacity of approximately 500 kg for making smaller test batches and optimizing casting parameters for clients.
• Cu-HCOF (High Conductivity Oxygen-Free Copper) High conductivity oxygen-free copper rod production technology capable of transforming 100% ETP scrap copper infeed into oxygen-free copper (UNS C10200), with capacity up to 14,000 tons per year.

Quantifiable outcome

• Oxygen-free copper achieves 101-102% IACS conductivity compared to 100-101.5% for ETP copper
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Roni Rautala (Sodi World Series e-karting)minorGTM or Marketing Partner · 1 January 2024Upcast supports Finnish racing driver Roni Rautala in the worldwide Sodi World Series e-karting, aligning with the company's support for electrification and electric transportation.
• CELSAcoreStrategic or Co-development Partner · 1 January 2023CELSA is a leading company with more than 40 years of experience in the electrical conductors industry. TMLIMA was originally established to supply copper rod to CELSA as its strategic partner.
• Cu2 ConsultingminorGTM or Marketing PartnerCu2 Consulting conducted market analysis interviews and competitive monitoring for UPCAST, including the Copper Fabricators Competitive Monitor (CFCM) report.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Rautomead: Scottish manufacturer of continuous casting equipment for non-ferrous metals (copper, brass, bronze). Direct competitor to Upcast in vertical continuous casting technology for copper rod and wire producers.
• Continuus-Properzi: Italian manufacturer of continuous casting and rolling equipment for non-ferrous metals, particularly copper. Competes directly with UPCAST® for copper rod continuous casting line contracts globally.
• Southwire: US-based copper rod manufacturer and licensor of SCR (Southwire Continuous Rod) technology, an alternative continuous casting process. Competes with Upcast both as a copper rod producer and as a competing technology licensor.

Broad incumbents

• Primetals Technologies: Global metallurgical plant equipment supplier (Mitsubishi/Siemens heritage) with continuous casting capabilities. Larger incumbent offering broader portfolio competition to Upcast in copper and non-ferrous metals.
• Danieli: Italian metalworking equipment manufacturer with continuous casting lines for both ferrous and non-ferrous metals. Competes with Upcast for copper continuous casting contracts while serving broader metallurgical markets.
• SMS group: German industrial engineering conglomerate with a broad metallurgical plant portfolio including continuous casting equipment for copper and non-ferrous metals. Larger incumbent competing for major copper rod plant contracts.

Others

• Mitsubishi Materials: Japanese copper and specialty metals manufacturer with upstream casting operations. Adjacent industry player representing both potential customer overlap and integrated competition to Upcast's customer base.
• Furukawa Electric: Japanese copper products manufacturer with proprietary in-house continuous casting capability. Operates as both a customer of and adjacent competitor to UPCAST-style continuous casting technology.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/original_upcast

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Upcast