OUTOTEC OYJ PRESS RELEASE SEPTEMBER 1, 2015 at 11.00 AM
Outotec awarded a contract for iron ore beneficiation plant in Iran
Outotec has been awarded a contract by Iran International Engineering Company (IRITEC) for the delivery of process technology to Khorasan Steel Complex Co's new iron ore beneficiation plant in Iran. Outotec's contract value is EUR 45 million, of which approximately EUR 10 million will be booked in the third quarter 2015 order intake.
Outotec's scope of delivery includes a complete beneficiation plant and an entire value chain from raw material testing, process development to concentration and dewatering. In addition, Outotec will also be responsible for basic engineering, and supply of key process equipment, as well as advisory services for detail engineering, construction and commissioning. The annual capacity of the beneficiation plant will be 2.5 million tonnes of pellet feed grade iron ore concentrate. The plant is expected to be commissioned in 2017.
"This order is another significant milestone for Outotec in the quickly developing Iranian iron and steel industry. Our market leading beneficiation technologies and proprietary equipment are widely used for iron ore processing all over the world. Customers in Iran and other iron ore producing countries demand efficiency with minimum total cost of ownership, which creates further opportunities for Outotec performance guaranteed solutions", says Kalle Härkki, head of Outotec's Minerals Processing business area.
Outotec has fulfilled all current export and legal regulations and is complying fully with them. In anticipation of possible future changes in the regulatory framework, the order will be booked in Outotec's order backlog gradually during 2015-2017 according to cash inflow.
For further information please contact:
Kalle Härkki, President - Minerals Processing business area
tel. +358 20 529 2700
Adel Hattab, President - EMEA region
Tel. +358 40 7517368
Eila Paatela, Director - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198