producer ThyssenKrupp CSA Companhia Siderúrgica (CSA) for the design and delivery
of a sinter plant for CSA. The total value of the contract amounts to EUR 160
million, of which approximately EUR 90 million will be recognized as sales of
Outokumpu Technology. The companies have announced the Letter of Understanding
(LoU) for the same project last week.
equipment, construction and start-up of the turnkey sinter plant, which CSA
plans to build in connection with its greenfield steel plant in Sepetiba, Rio de
Janeiro. The design capacity of the sinter plant will be 4.4 million tonnes
sinter per year and it is scheduled to start operation in 2009.
locally in Brazil and the customer will pay directly part of those services to
local sub-suppliers. Consequently the sales value of the project to be through
Outokumpu Technology's books will be lower than the total contract value.
the management expects the full effectiveness of the contract, mainly subject to
local permits, by the end of 2006.
project, the world's largest pellet indurating furnace that Outokumpu Technology
is currently building in Brazil. We have also today announced the contract for the
MBR pelletizing plant, which, as well as CSA, will be the largest plant of its
kind in the world. These three significant Brazilian projects clearly
demonstrate our market leadership in iron ore processing technologies. The
majority of the world's iron ore pelletizing and sintering plants use Outokumpu
Technology's processes", says Tapani Järvinen, President & CEO of Outokumpu
tel. +358 20 5292000
tel. +49 6171 9693 354