Stock Exchange release December 21, 2004 01:46:51 PM CET
Metso to supply raw materials handling system to Cia. Siderúrgica de Tubarão, Brazil
Metso Minerals will deliver to CST's steel mill a turnkey solution including equipment, as well as electric and dust control systems. The order comprises feeders, screens, belt conveyors, bins and auxiliary equipment. In addition, Metso Minerals will refurbish and fit CST's current equipment to the new system.
The new materials handling system will increase the supply of raw material (iron ore, pellets, coal and coke) to blast furnace and coal fines injection. The target of CST's investment is to extend the annual steel production to 7.5 millions tons.
Metso Minerals delivered a complete belt conveyor system for the first stage of the steel mill in 1980's.
The growing demand for solutions for the steel industry in Brazil is owing to the growth of the global steel demand mainly in United States, Japan, Europe, South America as well as China.
The CST is one of the largest companies in Brazil in the production of steel slab with total net sales of approximately USD 1.3 billion. CST is a part of the Arcelor group - the world's largest steel producer.
Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket services. The Corporation's core businesses are fiber and paper technology (Metso Paper), rock and mineral processing (Metso Minerals) and automation and control technology (Metso Automation). In 2003, the net sales of Metso Corporation were EUR 4.3 billion. Metso has approximately 23,000 employees in over 50 countries. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.