New Delhi, Delhi, India
Metso Minerals, a leading global supplier of equipment, service and process solutions for rock and minerals processing, today announced that it will supply an iron ore induration machine to Global Supplies Ltd, a member of the Essar Group. The machine will be delivered to Essar Steel Holdings Ltd. for its Paradeep Pellet Plant located in Orissa. The delivery, approximately valued at approximately Rs 112 crore (EUR 17 million), will be completed during the second quarter of 2010.
The order comprises a 744 square meter induration machine with 270 pellet cars with a feed rate of 700 tonnes per hour of iron ore pellets, as well as auxiliary equipment, start-up, commissioning and training services. Induration machine is used for making iron ore pellets though straight grate pelletization process.
Metso Minerals last year announced the expansion of its office premises and manufacturing and foundry capacities in India with a combined investment of EUR 12.5 million. The company is also investing approximately EUR 30 million in India to set up "Metso Park", a multi-functional industrial facility in Alwar, Rajasthan.
In India, Metso grew by 30 per cent from 2006 to 2007. Metso's net sales in India were approximately EUR 150 million in 2007. In 2007, Metso Minerals' worldwide had EUR 2.6 billion net sales and the value of orders received totaled EUR 3.07 billion. Metso Minerals' services business accounted for 40 percent of the net sales (43% in 2006). The operating profit of Metso Minerals increased to EUR 362.6 million, which was 13.9 percent of net sales. The value of orders received by Metso Minerals increased by 16 percent and totaled EUR 3,075 million.
About Metso Minerals India:
Metso Minerals is a global supplier of solutions, equipment and services for rock and minerals processing. Its expertise covers the production of aggregates, the processing of ores and industrial minerals, as well as construction and metal recycling.
Headquartered in Gurgaon, Metso Minerals (India) Private Limited is 100 per cent owned by Metso Corporation. Since its inception in 1993, Metso has invested in the development of the Indian operation in both manufacturing assets and human resources. Metso is dedicated towards facilitating India's infrastructure and industrial development through its technological expertise, extensive service support, world class manufacturing facilities and strong after market support.
Metso Minerals (India) has four regional offices in Bangalore, Hyderabad, Mumbai and Kolkata, warehousing operations at Gurgaon, Bangalore and Barbil (Orissa), a manufacturing unit at Bawal, Haryana, a foundry at Ahmedabad and a bulk materials handling division at Thane.
About Metso Corporation:
Metso Corporation is a global engineering and technology corporation with 2007 net sales of approximately EUR 6 billion. Its more than 27,000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. Metso Minerals' share of Metso's net sales was 41%.
www.metso.com
About Global Supplies Ltd:
Global Supplies specializes in global procurement and project execution. The end customer, Essar Steel Holdings Limited, is a global producer of steel with a footprint covering India, Canada, USA and the Middle East. It is India's largest exporter of flat steel products.
Source: Metso (Business Wire India)
Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.