OUTOTEC OYJ PRESS RELEASE SEPTEMBER 24, 2012 at 8:00 PM
Outotec and Sandvik to collaborate in comminution solutions
Outotec and Sandvik Mining have signed a Memorandum of Understanding to create a solid foundation for cooperating on future minerals processing solutions focusing on comminution.
Outotec and Sandvik have a long-standing relationship of informally cooperating with each other on several previous customer projects. Companies believe that this new phase in their collaboration will not only generate mutual benefit for both parties, but for the minerals processing industry as well.
Sandvik and Outotec offer minerals processing solutions which are complementary thus providing a complete process solution value chain for minerals processing plants including ore crushing, grinding and concentrating. Thanks to the individual strengths of each company, their respective capabilities and product portfolios, customers can benefit from an optimized process throughout the mining value chain, resulting in efficient recovery of minerals, energy efficiency and improved environmental performance
"Strengthening our relationship with Outotec will further enhance our proven concept. Cooperating within comminution is in line with Sandvik's long-term strategy to be a market leader. Outotec is a reputable company and we look forward to working more closely with them," says Gary Hughes, President of Sandvik Mining.
"Deepening our cooperation with Sandvik allows us to offer an entire processing plant including crushing, grinding and concentrating as well as process testing, design, basic engineering and process guarantees. We look forward to serving our joint customers and growing our business together with Sandvik," adds Jari Rosendal, president of Outotec's Non-ferrous Solutions business area.
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, mobile +358 400 817198
Sandvik is a global industrial group with advanced products and world-leading positions in selected areas - tools for metal cutting, equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. In 2011 the Group had about 50,000 employees and representation in 130 countries, with annual sales of more than 94,000 MSEK.
Sandvik Mining is a business area within the Sandvik Group and a leading global supplier of equipment and tools, service and technical solutions for the mining industry. The offering covers rock drilling, rock cutting, rock crushing, loading and hauling and materials handling. In 2011 sales amounted to about 32,200 MSEK, with approximately 13,200 employees (pro forma rounded numbers).