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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Metso Outotec Oyj    MOCORP   FI0009014575

METSO OUTOTEC OYJ

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Metso Outotec Oyj : wins order for a large iron ore pelletizing plant in China

10/29/2020 | 03:15am EST
Press ReleaseOctober 29, 2020 10:00:00 AM CET
Metso Outotec wins order for a large iron ore pelletizing plant in China

Metso Outotec Corporation's press release on October 29, 2020, at 10:00 a.m. EET

Metso Outotec has signed a contract with Beijing Shougang International Engineering Technology Co. Ltd on the delivery of new environmentally sound technology for Zenith's (Zhong Tian) iron ore pelletizing plant to be built in Nantong, China. The order value is not disclosed. The contract has been booked into Metso Outotec's Q3 2020 orders received.

Metso Outotec's scope of delivery covers the engineering and design of the indurating system, engineering of the process gas fan system, supply of proprietary equipment, instrumentation and control systems, as well as supervisory services and technical training. The core of the plant is Metso Outotec's traveling grate pellet indurating furnace, which has a grate area of 432 m².

'We are very pleased to have been awarded this contract. The plant, which will be the fifth large iron ore pelletizing plant delivered by Metso Outotec in China, is based on our environmentally sound traveling grate technology,' says Tobias Stefan, Vice President, Ferrous & Heat Transfer business line at Metso Outotec.

Pellet production at the Zhong Tian plant is estimated to start by the end of 2021. Metso Outotec's traveling grate technology produces uniform pellets and ensures high performance and quality with low investment and operating costs, as well as decreased energy consumption and emissions.

Find out more about the traveling grate pelletizing technology on our website.

Further information, please contact:

Tobias Stefan, Director, Ferrous & Heat Transfer business line, Metso Outotec, Tel. +49 61719693164, E-mail: tobias.stefan(at)mogroup.com

Helena Marjaranta, Vice President, Communications and Brand, Metso Outotec, Tel. +358 20 484 3212, email: helena.marjaranta(at)mogroup.com

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing, metals refining and recycling industries globally. By improving our customers' energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. 

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its pro forma sales for 2019 were about EUR 4.1 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, twitter.com/metsooutotec

Disclaimer

Metso Outotec Oyj published this content on 29 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2020 08:14:05 UTC


© Publicnow 2020
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Financials
Sales 2019 1 210 M 1 449 M 1 449 M
Net income 2019 27,3 M 32,7 M 32,7 M
Net Debt 2019 20,1 M 24,1 M 24,1 M
P/E ratio 2019 57,1x
Yield 2019 1,74%
Capitalization 944 M 1 062 M 1 131 M
EV / Sales 2018 0,44x
EV / Sales 2019 0,88x
Nbr of Employees 3 750
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Managers
NameTitle
Pekka Juhani Vauramo President & Chief Executive Officer
Percy Henrik Mikael Lilius Chairman
Eeva Sipilä Chief Financial Officer & Deputy CEO
Matti Juhani Alahuhta Vice Chairman
Christer Göran Harald Gardell Director