Outotec to Deliver Ferrochrome Plant in China

Reuters reported that Outotec (HEL:OTE1V) has agreed with Mintal Group Co. Ltd. on the design and delivery of a new ferrochrome plant to Baotou, in the Inner Mongolia, China.

As quoted in the market news:

Outotec’s scope of delivery includes engineering and supply of proprietary and other key equipment and an operating licence for the proprietary technology for a Steel Belt Sintering plant with annual capacity of 700,000 tonnes of chromite pellets and two 69 MVA smelting furnaces with preheating technology. The new plant will produce annually 300,000 tonnes of ferrochrome and it is estimated to become operational in 2013.

Click here to read the full Reuters report