SOURCE: Metso Corporation

October 17, 2008 06:19 ET

Metso to supply equipment for iron ore pelletizing plant to China Metallurgical Group in Australia

HELSINKI, FINLAND--(Marketwire - October 17, 2008) -

Metso Corporation Company release on September 17, 2008 at 1.00 p.m.

Metso will supply equipment and services for a grate-kiln iron ore pelletizing system to China Metallurgical Group Corporation's (MCC) Sino Iron project in Western Australia. The delivery will be completed during the Q4 of the year 2009. The value of the order is approximately EUR 25 million and it is included in Metso Minerals' Q3 orders received.

Metso will deliver an iron ore pelletizing plant including rotary kiln, traveling grate, annular cooler and the balling system, complemented by core process technology, engineering and critical components, program and control system, instruments, spare parts, supervision and start-up services.

Once the system is in operation, the project will be able to process 6 million tons of iron ore into pellets per year, making it the largest grate kiln iron ore pelletizing system in terms of capacity in Australia and Asia-Pacific area. This is Metso's second order to the Sino Iron project this year.

MCC is one of the largest equipment manufacturers in China and a leading Chinese contractor to the mining and metallurgical industries.

Metso is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. Its over 27,000 employees in approximately 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.

Further information for press, please contact:

John Trescot, Senior Vice President, Mining, China, Metso Minerals, tel. +86 10 6566 6600 Ext. 3610

Further information for investors, please contact:

Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253

Metso Corporation

Olli Vaartimo
Executive Vice President and CFO

Kati Renvall
Vice President, Corporate Communications

OMX Nordic Exchange in Helsinki

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Copyright © Hugin AS 2008. All rights reserved.

Contact Information