OUTOTEC OYJ STOCK EXCHANGE RELEASE, APRIL 11, 2008 AT 1.00 PM
Outotec to deliver modern iron ore pelletizing technology to China
Outotec has agreed with Shougang Jingtang United Iron & Steel Co. Ltd on the delivery of new environmentally sound technology for Shougang's iron ore pelletizing plant to be built in Caofeidan, China. The contract value is approximately EUR 29 million.
Shougang Jingtang is a joint venture between the Shougang Group and Tangshan Iron and Steel Company. The pelletizing plant is part of Shougang's plan to relocate its operations from Beijing to Caofeidan. Outotec's modern traveling grate technology is environmentally sound and has therefore been chosen for the project.
Outotec's scope of delivery covers the basic and detail engineering, supply of proprietary equipment, instrumentation and control systems, supervisory services as well as technical training. The core of the plant is Outotec's pellet indurating furnace, which has a grate area of 505 m². Part of Outotec's services and supplies will be of Chinese origin.
The plant will be the first larger size plant in China using modern traveling grate technology. It will treat annually 4 million tonnes of iron ore and the pellet production is estimated to start at the end of 2009.
"This order from Shougang Jingtang demonstrates the competitiveness of Outotec's clean technologies. Investing in latest technology brings several benefits, for example better recoveries or larger output, lower energy and water consumption, smaller emissions, and improved working conditions. Today, these are decisive factors in industrial investments in China", says Tapani Järvinen, President and CEO of Outotec.
For further information please contact:
Peter Weber, President - Metals Processing division
tel. +49 6171 9693 165
Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817198
OMX Nordic Exchange Helsinki