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Outotec to deliver its third ferrochrome plant in China

Nachrichtenquelle: GlobeNewswire
07.01.2016, 15:00  |  250   |   |   

OUTOTEC OYJ PRESS RELEASE, JANUARY 7, 2016 AT 4:00 PM

Outotec to deliver its third ferrochrome plant in China

Outotec has agreed with Mintal Group on the design and delivery of a ferrochrome plant for Mintal in Baotou, China. This is Outotec's second ferrochrome plant delivery for Mintal, and a third altogether in China. The contract value exceeds EUR 25 million and has been booked in Outotec's 2015 fourth quarter order intake.

Outotec's scope of delivery includes engineering and supply of proprietary and other key equipment for a Steel Belt Sintering plant with an annual capacity of 700,000 tonnes of sintered pellets and two 75 MVA smelting furnaces with preheating technology. The new plant will produce annually 300,000 tonnes of ferrochrome and it is estimated to become operational in 2016.

"Mintal's strategy is to become one of the largest ferroalloy producers and a significant stainless steel producer in China. Mintal and Outotec started co-operation in 2011 when the first Outotec® Ferrochrome Process in China was delivered, and soon after Mintal sought to expand its plant's production. The need for sustainable and energy efficient technologies is ever more important to the Chinese industry and Outotec's technological leadership is answering this call. We are very proud to be able to support Mintal in their strategy", says Robin Lindahl, President of Metals, Energy & Water business unit at Outotec.

For further information please contact:

OUTOTEC

Robin Lindahl, President - Metals, Energy & Water business unit
Tel. +49 6171 9693 100
Eila Paatela, Director - Corporate Communications
Tel. +358 20 529 2004, mobile +358 400 817198
Emails: firstname.lastname@outotec.com
DISTRIBUTION:
Main media
www.outotec.com





This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Outotec Oyj via Globenewswire

HUG#1977361

Wertpapier: Outotec

Themen: China, NASDAQ, Mint


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Outotec to deliver its third ferrochrome plant in China

OUTOTEC OYJ PRESS RELEASE, JANUARY 7, 2016 AT 4:00 PM Outotec to deliver its third ferrochrome plant in China Outotec has agreed with Mintal Group on the design and delivery of a ferrochrome plant for Mintal in Baotou, China. This is Outotec's …

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