OUTOTEC OYJ PRESS RELEASE, April 22, 2009 AT 9.45 AM
Amicable settlement in Pattison Sand project
Outotec and Pattison Sand Company have reached an amicable settlement in all disputes related to the Pattison Sand project. There will be a one-time positive effect of approximately USD 3.6 million (approximately EUR 2.7 million) to Outotec's second quarter 2009 result.
In August 2006, Outotec announced a contract with Pattison Sand Company for the delivery of a fracturing sand plant to Iowa, USA. The contract price was approximately EUR 14 million.
For further information please contact:
Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817198