Metso Minerals has signed a contract with Arcelor Mittal Steel to supply minerals processing equipment to Kryviy Rih concentrator plants in Ukraine. The delivery will be completed by the end of year 2008. The value of the contract is approximately EUR 22 million.
The order comprises minerals processing equipment supply, engineering and supervision.
Metso's solution is for their expansion and modernization of the Kryviy Rih concentrator plants. When modernized, the plants will be capable of processing more than 30 million tonnes of ore to produce 13.5 million tonnes of concentrate annually.
Arcelor Mittal with its 320,000 employees in more than 60 countries is producing 10% of the world's steel output and is recognized as the largest steel company in the world.
Metso is a global engineering and technology corporation with 2006 net sales of approximately EUR 5 billion. Its more than 26,000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.
Further information for the press, please contact:
Carl Montán, Regional Manager, CIS, Mining business line, Metso Minerals,
tel. +46 40 245850
Wille Beckman, Vice President, Process Equipment, Mining business line, Metso Minerals, tel. +46 224 57149
Further information for investors, please contact:
Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253
Executive Vice President and CFO
Helsinki Stock Exchange
New York Stock Exchange