OUTOTEC OYJ PRESS RELEASE, MAY 10, 2011 AT 2.00 PM
Outotec to deliver copper flash smelting technology to Iran
Outotec has agreed with Tech Talk company of Dubai on the delivery of flash smelting technology for the expansion of National Iranian Copper Industries Company's copper smelter located in Sarcheshmeh, Iran. Outotec's scope of delivery includes the supervision of detail engineering, supply of proprietary equipment as well as installation supervision and training services. The contract value is approximately EUR 61 million.
Before getting this contract effective Outotec has ensured with the relevant export control authorities that the envisaged delivery does not collide with existing embargo regulations. Outotec has applied for and received all the necessary permits. In anticipation of possible subsequent changes in the regulatory framework, the order will be booked in Outotec's order backlog gradually according to the overall progress of the project during years 2011 - 2013.
"The Iranian copper smelters require new technology to minimize their environmental impact. Outotec® Flash Smelting technology is recognized as the world's most efficient and environmentally sustainable alternative. The technology is already in use in Iran and therefore the customer preferred it as the first choice", says Outotec CEO Pertti Korhonen.
For further information please contact:
Jari Rosendal, President - Non-ferrous Solutions
tel. +358 20 529 2700
Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198