Larox and MMX Minas-Rio Mineracao S.A. have agreed filter deliveries to the Minas-Rio System project. Total value of this so far biggest single contract for Larox is approximately 19.5 million euros and includes several units of large size Ceramec Capillary Action Disc Filters for iron ore filtration. Delivery will be in three phases during the years 2008 and 2009. The MMX Minas-Rio System has reserves, which may hold up to two billion tons of iron ore, in the state of Minas Gerais. Output of the mine will be transported by the world's largest ore pipeline, sized to carry 26.5 million tons iron ore a year and running some 525 kilometers between the inland ore-beds and the Açu Port Complex being built on the Rio de Janeiro State coast. The System is expected to start operations during the second half of 2009, when it is expected to handle eight million tons, rising to 20 million tons in 2010 and topping 26 million tons by 2011. The agreed deliveries to Minas Rio System are a proof of strong investment activity in filters in mining industry. Positive demand for metals which is expected to continue strong is the main driver for investment decisions. The received order strengthen further Larox's position as one of the world's leading filtration solution providers for the mining and metallurgical industries. Lappeenranta on 28 November 2007 Larox Oyj Mikko Häkämies Chief Communications officer For further information please contact: Larox Corporation Mr. Matti Julku, Vice President, Mining & Metallurgy Phone: +358 5 6688 252 or Mr. Mikko Häkämies, Chief Communications Officer Phone: +358 5 6688 232 E-mail: firstname.lastname@larox.com Distribution: OMX Nordic Exchange Helsinki, central media www.larox.com Larox develops, designs and manufactures industrial filters and is a leading technology company in its field. Larox is a full service solution provider in filtration for separating solids from liquids. It supplies comprehensive aftermarket services throughout the lifespan of the Larox solution. Companies world-wide in mining and metallurgy, chemical processing and related industries benefit from the Larox technologies. Larox operates in over 40 countries and has over 440 employees. Larox Group is headquartered in Lappeenranta, Finland. Product factories are located in Lappeenranta and Utrecht, The Netherlands. Net sales in 2006 totalled 122.8 million euros, of which more than 95 % were generated by exports and the company's foreign operations.
Larox wins EUR 19.5 million deal to supply filters to Minas-Rio system in Brazil
| Source: Larox Oyj