Displaying items by tag: Outotec

out logoOutotec has agreed with Eren Holding on the turnkey delivery of a 90 MW biomass power plant to Çorlu, located close to Istanbul in Turkey. The order value is approximately EUR 55 million and it will be booked in Outotec's order intake in the first quarter of 2013, subject to environmental permit. Outotec has earlier this year received a 10-million-euro order for the engineering of the same plant.

Modern Karton, a subsidiary of Eren Holding, is one of the major European manufacturers of packaging paper and corrugated cardboard materials from waste paper. The new power plant designed by Outotec will use by-products, such as paper sludge, biological sludge and rejects from Modern Karton to produce electricity for the network and steam to be used as energy in the paper production. The project is financed under the German export credit coverage.

Outotec's turnkey delivery includes proprietary fluidized bed and gas cleaning technology and equipment, basic and detail engineering, construction and installation as well as operator training and commissioning services. The plant is scheduled to be commissioned in 2014.

"This project is a concrete example of our expansion from minerals and metals to the adjacent industries, such as energy and industrial water treatment, with high horizontal technological synergies. We use the fluidized bed technology of our newly acquired company, formerly known as Energy Products of Idaho, and combine our strong expertise in engineering and turnkey deliveries as well as our global supply network to deliver a sustainable waste-to-energy solution for Modern Karton," stated Outotec's CEO Pertti Korhonen. "The new biomass power plant will comply with the strict environmental standards set by the European Union and demonstrates the rising economy in Turkey."

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Outotec recognized again in Carbon Disclosure Leadership Index

out logoFor the fourth consecutive year Outotec is included in the Nordic Carbon Disclosure Leadership Index, which highlights companies with the most professional approach to climate change disclosure practices. Outotec received 87 out of 100 points and was ranked among the top 10 percent of the 260 companies in CDP's annual Nordic Report.

CDP's analysis is based on greenhouse gas emissions, emission reduction targets as well as understanding of risks and opportunities associated with climate change. High scores indicate good internal data management and understanding of climate change related issues affecting the company. The index provides an evaluation tool for institutional investors and other stakeholders.

"We are again proud of this recognition in the CDP Leadership Index and the fact that we were able to improve our score. Commitment to sustainability is our core value and guides us in striving for good governance, responsible business practices and transparency. As a global technology provider we can make a significant impact in mitigating climate change by improving the eco-efficiency of our customers' production processes. Through continuous R&D we further improve our proprietary, benchmark technologies enabling sustainable use of natural resources", says Pertti Korhonen, CEO of Outotec.

The Nordic 260 Report including companies featured in the Carbon Disclosure Leadership Index can be found at www.cdproject.net.

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Share ownership plan of Outotec Executive Board members to be dissolved through a share exchange

out logoOutotec Executive Board members established in May 2010 a company named Outotec Management Oy, which acquired 203,434 Outotec shares at the average price of EUR 27.71 from the market as part of the management incentive plan. The Executive Board members personally invested their own funds in Outotec shares, EUR 1,203,217 in total, financing their investments partly themselves and partly by a loan of EUR 4,365,000 provided by Outotec. Members of the Outotec Board of Directors are not shareholders in Outotec Management Oy. The share ownership plan with its key terms and conditions was announced on May 21, 2010.

In accordance with its terms and conditions, the share ownership plan shall be dissolved after the publication of Outotec Oyj's Interim Report Q1/2013, and the parties to the plan shall agree on the dissolution method by October 31, 2012. The benefit of all parties shall be taken into consideration when selecting the dissolution method.

Outotec's Board of Directors has decided that the share ownership plan of Outotec Executive Board members shall be dissolved through a share exchange so that all the shares in Outotec Management Oy will be transferred to Outotec Oyj against Outotec shares. Through Outotec Management Oy, Outotec Oyj will also receive 203,434 own Outotec shares as well as the company's loan receivable and accrued interest in full from Outotec Management Oy. The number of new shares to be given in the share exchange shall be determined on the basis of Outotec Management Oy's net assets as of the date of dissolution of the plan. With the share exchange the Executive Board members' previously indirect share ownership will become a direct ownership in Outotec. The dissolution requires that the Board of Directors of Outotec continues having a valid share issue authorization granted by the Annual General Meeting necessary for the execution of the share exchange.Afterwards the intention is to merge Outotec Management Oy with Outotec Oyj. In this connection the loan granted to Outotec Management Oy will be set off and the Outotec shares held by Outotec Management Oy will transfer to Outotec's direct ownership.

However, the share ownership plan will be continued by one year at a time, in case the Outotec share price during five trading days after the publication of the Interim Report Q1/2013, Q1/2014, Q1/2015 or Q1/2016 is lower than the average share price which Outotec Management Oy paid for its Outotec shares. The dissolution of the plan and possible delay in such dissolution will be announced separately. 

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Monday, 24 September 2012 08:49

Outotec presents the world's largest SAG mill

Outotec provides a solution to the market demand, where ore grades are declining and at the same time demand for metals is growing. More advanced technologies are needed to process the greater quantities.  In addition, mines and plants are expanding and, due to tightening legislation and general ecological attitudes towards waste handling, the demand for more efficient processes at greater capacity has increased.

With the development of the world's largest SAG mill, Ø40'x29', Outotec responds to the need by offering increased efficiency, effective grinding conditions and improved mill capacity up to 15% with reduced energy consumption.

Outotec has recently been awarded a contract to deliver one of the largest grinding mills in the world. The contract includes the design and manufacture of a Ø40'x29' SAG mill. The mill will be driven by a Gearless Motor Drive (GMD) which at 28.0MW is equal to the largest grinding mill power ever used in the mining industry.

The SAG mill design is based on Outotec's proprietary grinding mill technology, developed over decades for maximum reliability and performance. The mill will be operated as a single stage SAG mill (primary and secondary duty combined) with very high throughput made possible by the use of Outotec's patented Turbo Pulp Lifter (TPL(TM)) Technology.

The grinding mill is planned to be installed during 2014 at First Quantum's Kansanshi Copper Mine in Zambia. The plant has been in operation since 2004 and Outotec has delivered all the critical processing equipment for the Kansanshi concentrator, including four grinding mills, multiple flotation cells and thickeners.

This order reinforces Outotec's position as the premier solution provider to the mineral processing industry through its broad product range of comminution and concentrator process equipment.

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Outotec has successfully completed the acquisition of Australian-owned TME Group. TME is a mining services company with offices throughout Australia and in South Africa. The parties do not disclose the acquisition price. The transaction was announced on July 10, 2012.

 

TME provides grinding mill relining and mineral processing plant maintenance services to customers mainly in Australia, Africa and South East Asia. With annual sales of approximately EUR 35 million, TME has 130 permanent employees and a large casual labor workforce.  With the acquisition Outotec aims to accelerate its service business growth.

 

"Our target is to grow our global annual services sales to EUR 500 million by 2015. This acquisition will expand our offerings and strengthen our capabilities to provide Operation and Maintenance services to our customers in the mining and metals industries in the South East Asia Pacific region, Africa and beyond", says Pertti Korhonen, CEO of Outotec.
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Outotec's expert in recycling and sustainable technologies, professor, Dr Markus Reuter has been appointed Adjunct Professor at Aalto University, School of Chemical Technology, Department of Materials Science and Engineering as of August 1, 2012. The professorship focuses on systems engineering with application to recycling, simulation and design for recycling and sustainability.

 

Besides his chair at Aalto University, Markus Reuter continues working for Outotec as Director - Technology Management responsible among other things for cooperation with universities and international stakeholder organizations. In addition, he is Professorial Fellow of Sustainable Technology at the University of Melbourne, Australia.

 

"This new professorship adds an important systems engineering viewpoint related to metals production and recycling to education and research in materials science," explains Dean Outi Krause from Aalto University, School of Chemical Technology and continues: "Recycling of for example electronics and critical materials makes the processing chain an ever more complex, multiphase system. Mastering that system requires a deep understanding of metallurgy and thermodynamics as well as knowledge of the entire life cycle of materials including their recycling. Metallurgical process solutions and technologies can be efficiently utilized in recycling. Systems engineering is an essential tool of sustainable metals production."

 

Aalto University's new professorship will increase material recycling knowledge globally and open new possibilities for technology development. Outotec as a leading developer and provider of metallurgical processes and technologies needs new experts in systems engineering. In addition, Outotec can participate in the related research programs.

 

"Through systems engineering we will be able to model and test processes and thus manage more complicated process combinations and develop process technologies for secondary raw materials inclusive of water. Furthermore, our customers will be able to recover a larger variety of metals and recycle rare minerals, which has not been possible before. New technological solutions enable reuse of materials, which saves non-renewable resources," says Outotec's CTO Kari Knuutila.

 

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Outotec has agreed with Cristal Global, the second largest titanium dioxide pigment producer in the world, on the design and delivery of technology and services for new ilmenite smelting facilities to be located in Jazan Economic City, Saudi Arabia, as well as installation and construction of the plant on a pure turnkey basis. The overall contract value exceeds EUR 350 million, which will be booked in Outotec's second quarter order intake with the revenues recognized gradually over three years. The order supports Outotec's long term growth and profitability targets and does not affect the company's financial guidance for 2012.

Ilmenite is an iron titanium oxide and the primary ore of titanium. It is also used in the manufacture of titanium dioxide, a bright white powder used as a base pigment in paint, paper and plastics. Cristal Global has ilmenite mines in Australia and pigment plants in the USA, Europe and Saudi Arabia. In this new mega size ilmenite smelter, Outotec's ferroalloy smelting technology is applied for processing the ilmenite to titanium dioxide slag. The plant's initial annual capacity will be 500,000 tonnes of titanium dioxide slag, and its design enables expansion to one million tonnes. In addition, the plant will produce 235,000 tonnes of high purity pig iron as valuable co-product.

Outotec's scope of delivery includes basic and detail engineering, process technology, supply of all equipment, site preparation and civil works, equipment installation, construction and commissioning of the ilmenite smelting plant on a pure turnkey basis. The new plant is scheduled to be operational in 2014, after which Outotec will provide operate and maintenance services for the first two years with an option to continue.

"The demand of titanium dioxide is growing rapidly in Asia along with the growing middle class. Outotec's ferroalloy smelting is the Best Available Technology, BAT as defined by European Union, and I am excited about the opportunities of this technology in sustainable pigment production. I am also very happy about the implementation concept of this large project. Our global resources will be used effectively for the customer: engineering and project management will be done in Finland, manufacturing globally and civil and construction in Saudi Arabia by Outotec's international site team", says Outotec CEO Pertti Korhonen.


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Outotec has agreed to enter into a mutually beneficial business relationship with Swiss Tower Mills Minerals Ltd to complement its offering for fine, ultra fine and regrind milling in metallurgical processes. According to the agreement, Outotec has exclusive rights to sell the Tower Mills (STM) grinding technology, which will be marketed as Outotec® High Intensity Grinding Mills (Outotec® HIGmill). There are more than 260 installed grinding mills around the world using this technology.

The purpose of this agreement is to bring a new option to the market enabling Outotec to compete for the position of market leader in fine and ultra fine grinding. Outotec intends to provide comprehensive solutions to customers also through combining regrind milling with flotation technology. In existing installations and plants, Outotec's global network of technical experts and service centers is able to suggest process improvements by using the HIGmill technology and provide support to the customers during the entire lifecycle of their mills.

"This agreement will strengthen our position as a leading provider of sustainable grinding solutions. The HIGmill technology broadens our technology portfolio enabling us to offer complete value adding grinding solutions to our customers", says Outotec CEO Pertti Korhonen. 

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Outotec has published its sustainability report 2011, which is the company's second report based on Global Reporting Initiative (GRI) guidelines. The report conforms to Application Level B+ and is third-party assured by Ecobio Ltd. The report describes Outotec's approach to sustainability, performance and achievements in 2011 as well as future targets and is an update of the 2010 report. Key achievements include new global health and safety reporting, more detailed social data and high proportion of Environmental Goods and Services (EGS) in 2011 order intake.

"Outotec's most significant impact on sustainability occurs indirectly through our customers' operations. With eco-efficient solutions, it is possible to reduce the environmental impact of the industry, at the same time increasing welfare.  The annual emissions avoided by the metallurgical industry through use of five Outotec technologies amounted to 4.8 million tonnes of CO2 equivalency in 2011. I am very proud that as much as 87 percent of our order intake for 2011 was categorized as Environmental Goods and Services under the OECD classification. I am also pleased that in 2011 we progressed well in many other areas of our sustainability agenda. We intend to further improve our performance and reporting and thus demonstrate our commitment to good governance, responsible business practices and transparency", says Outotec CEO Pertti Korhonen.

The report is available at www.outotec.com/sustainability in English.

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The first Q&A session in 2012 with Outotec's CEO Pertti Korhonen will be held on Monday 26 March, at 2.00 pm (Finnish time). Theme of the session will be the recent Numcore Ltd acquisition.

JOINING VIA WEBCAST

To follow the live webcast, please go to www.outotec.com/investors. The recording and transcript will be published and stored on Outotec's webcast center for on demand viewing.

JOINING VIA TELECONFERENCE

To ask questions on a live webcast, please dial:

FI/UK: +44 207 162 0025
US/CANADA: +1 334 323 6201
Password: 914176

An instant replay service of the webcast will be available until March 29, 2012 midnight on the following numbers:

UK: +44 207 031 4064
US: +1 954 334 0342
Access code: 914176

PRESENTING QUESTIONS

Participants may ask questions during the live webcast by joining the teleconference. In addition, questions may be sent in advance via email to This email address is being protected from spambots. You need JavaScript enabled to view it. by March 26 at 10.00 am.

OUTOTEC PARTICIPANTS:

CEO Pertti Korhonen, CFO Mikko Puolakka and IR Rita Uotila.

The aim of the CEO's Q&A sessions is to give further clarity on information, which has been made public already earlier. Therefore, the company does not intend to publish separate announcements in connection with these sessions. Outotec has a large international and domestic investor base and gets numerous requests from the capital markets to provide information regarding company's operations. In order to serve the capital market efficiently, and ensure equal access to company-related information, the live webcast is recorded and it is available on demand for future references.

OUTOTEC OYJ

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