Outotec Oyj : Outotec to deliver technology for the iron ore pelletizing plant in China OUTOTEC OYJ PRESS RELEASE APRIL 11, 2013 at 2:00 PM Outotec to deliver technology for the iron ore pelletizing plant in China Outotec has agreed with Baotou Steel International Economic & Trading Co. Ltd on the design and delivery of an indurating furnace for a new iron ore pelletizing plant to be built in China. The contract price is not disclosed, but deliveries with similar scope are typically worth approximately EUR 30 million. The order has been booked in Outotec's first quarter 2013 order intake. Outotec's scope includes basic and detail design for the indurating furnace of an iron ore pelletizing plant based on modern traveling grate technology. The indurating furnace is the core of the pelletizing plant, raw pellets are hardened in the furnace to enable further processing. Outotec will also deliver proprietary and key equipment for the furnace. The deliveries include spare parts, training and advisory services for the erection and commissioning of the furnace. Part of the services and supplies will be of Chinese origin. The furnace will be specifically designed for the processing of iron ores with high sulphur contents. Baotou Steel is planning to complete the erection of the plant and start commissioning by the end of 2014. Its annual capacity will be 5 million tonnes of iron ore pellets. About two thirds of the global pellet production derives from Outotec's environmentally sound traveling grate pelletizing process. Technology enables large capacities with low operational costs. "We are happy with the continuation of the traveling grate story in China. It has started already in the 1960's with the delivery of the first indurating furnace to Baotou Iron & Steel, and continued in 2010 with a similar supply to Shougang Jingtang. The reliable and energy-efficient traveling grate technology is clearly gaining acceptance by the Chinese market," says Pekka Erkkilä, President of Outotec's Ferrous Solutions business area. For further information please contact: OUTOTEC Pekka Erkkilä, President - Ferrous Solutions Tel. +358 20 529 2143 (Finland), +49 6171 9693 (Germany) Eila Paatela, Director - Corporate Communications Tel. +358 20529 2004, mobile +358400 817198 Emails: firstname.lastname@example.org DISTRIBUTION: Main media www.outotec.com ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Outotec Oyj via Thomson Reuters ONE HUG#1692262
Outotec Oyj : Outotec to deliver technology for the iron ore pelletizing plant in China
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