Outotec is designing and delivering a new ferrochrome plant to Baotou, in the Inner Mongolia, China. The Finnish company has signed an agreement with Mintal Group Co. Ltd., a large manufacturer of ferrochrome and stainless steel. The parties don't close the value of contract, but in a press release Outokumpu states that deliveries with similar delivery scope are typically worth of some tens of millions of Euros.
- Ferrochrome production for the stainless steel industry and the demand of sustainable technology are increasing in China. We have recently seen a clear tightening of environmental regulations there. This is our first delivery of this technology to China and we see great opportunities for further deliveries, says Outotec CEO Pertti Korhonen.
The new plant will produce annually 300,000 tonnes of ferrochrome and it is estimated to become operational in 2013.
Outotec is the global leader in minerals and metals processing technology. The company also offers innovative solutions for the chemical industry, industrial water treatment and the utilization of alternative energy sources.