Outotec signs ferrochrome plant delivery agreement with TISCO joint venture in China
(Thomson Reuters ONE) -
OUTOTEC OYJ PRESS RELEASE, NOVEMBER 3, 2011 AT 1:00 PM
Outotec signs ferrochrome plant delivery agreement with TISCO joint venture in
China
Outotec has agreed with Shanxi Taigang Wanbang Furnace Charge Co. Ltd., a joint
venture between Shanxi Jinzhong Industrial Trading Co. Ltd. and the world's
largest stainless steel producer, Taiyuan Iron and Steel Co. Ltd. (referred to
as TISCO), on the design and delivery of a new ferrochrome plant based on
Outotec's proprietary technology to Jinzhong, China. Contracting parties do not
disclose the contract value but deliveries with similar scope are typically
worth of some tens of millions of Euros.
Besides engineering Outotec delivers the entire ferrochrome plant including an
operating license and key equipment for a Steel Belt Sintering plant. In
addition Outotec supplies the plant with two 69 MVA smelting furnaces with
preheating technology for ferrochrome production. The plant annual throughput is
700,000 tonnes of chromite pellets and it produces 300,000 tonnes of ferrochrome
per year. The new plant is estimated to become operational in 2013.
"TISCO has determinedly taken steps to reduce energy consumption and emissions
in its stainless steel production facilities. Their investment in clean Outotec®
Ferrochrome Process, which is best available technique (BAT) as rated by EU,
demonstrates well their commitment to sustainable development. We see that the
demand for sustainable technology is increasing in China. This is our second
ferrochrome technology order in China within a short period of time", states
Pertti Korhonen, CEO of Outotec.
For further information please contact:
OUTOTEC
Pekka Erkkilä, President - Ferrous Solutions business area
tel. +358 20 529 2143
Eila Paatela, Director - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198
e-mails firstname.lastname(at)outotec.com
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Source: Outotec Oyj via Thomson Reuters ONE
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Datum: 03.11.2011 - 12:00 Uhr
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