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Outotec to deliver iron ore pelletizing technology to India


April 15, 2014 - London

OUTOTEC OYJPRESS RELEASE APRIL 15, 2014at 10:00 AM

Outotec to deliver iron ore pelletizing technology to India

Outotec received an order from a customer in India for the design and delivery of an iron ore pelletizing plant to be constructed in North-East India. The value of the order is approximately EUR 70 million and it will be booked in Outotec's second quarter 2014 order intake.

Outotec's scope of delivery includes technology for a traveling grate pelletizing plant, engineering, key process equipment as well as erection and commissioning services. Once operational the plant will produce annually 4 million tonnes of iron ore pellets to be used as raw material for steel production.

The new pellet plant will be built to one of the oldest mine sites in India. It will allow recycling of low value iron ore fines and slimes for conversion to value added products. Outotec has delivered nearly 70 pelletizing plants worldwide, and about two thirds of the global pellet production derives from Outotec traveling grate process.

"We are happy to share our vast pelletizing expertise with this customer to turn waste into products and thus improve their profitability. This is a very unique effort towards sustainability in India, where environmental awareness is rapidly rising. Also, this is our largest order in the extremely cost-conscious Indian market and indicates that there is demand for our innovative and sustainable solutions", says Robin Lindahl, President - Metals, Energy & Water business area at Outotec.

For further information please contact:

OUTOTEC

Stuart Sneyd, President, APAC region
Tel. +61 2 9984 2512

Robin Lindahl, President - Metals Energy & Water business area
Tel. +49 172 689 9394

Eila Paatela, Director - Corporate Communications
Tel. +358 20 529 2004, +358 400 817 198

e-mails firstname.lastname@outotec.com

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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

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GlobeNewswire

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