OUTOTEC OYJ PRESS RELEASE, APRIL 5, 2012 AT 3:45 PM
Outotec cooperates with Swiss Tower Mills Minerals Ltd to complement its grinding solutions
Outotec has agreed to enter into a mutually beneficial business relationship with Swiss Tower Mills Minerals Ltd to complement its offering for fine, ultra fine and regrind milling in metallurgical processes. According to the agreement, Outotec has exclusive rights to sell the Tower Mills (STM) grinding technology, which will be marketed as Outotec® High Intensity Grinding Mills (Outotec® HIGmill). There are more than 260 installed grinding mills around the world using this technology.
The purpose of this agreement is to bring a new option to the market enabling Outotec to compete for the position of market leader in fine and ultra fine grinding. Outotec intends to provide comprehensive solutions to customers also through combining regrind milling with flotation technology. In existing installations and plants, Outotec's global network of technical experts and service centers is able to suggest process improvements by using the HIGmill technology and provide support to the customers during the entire lifecycle of their mills.
"This agreement will strengthen our position as a leading provider of sustainable grinding solutions. The HIGmill technology broadens our technology portfolio enabling us to offer complete value adding grinding solutions to our customers", says Outotec CEO Pertti Korhonen.
For further information please contact:
Jari Rosendal, President - Non-ferrous Solutions business area
tel. +358 20 529 2700
Eila Paatela, Director - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198