HELSINKI, Finland, Sept. 18, 2007 (PRIME NEWSWIRE) -- Metso Minerals has signed a contract with Arcelor Mittal Steel to supply minerals processing equipment to Kryviy Rih concentrator plants in Ukraine. The delivery will be completed by the end of year 2008. The value of the contract is approximately EUR 22 million.
The order comprises minerals processing equipment supply, engineering and supervision. Metso's solution is for their expansion and modernization of the Kryviy Rih concentrator plants. When modernized, the plants will be capable of processing more than 30 million tonnes of ore to produce 13.5 million tonnes of concentrate annually.
Arcelor Mittal with its 320,000 employees in more than 60 countries is producing 10% of the world's steel output and is recognized as the largest steel company in the world.
Metso is a global engineering and technology corporation with 2006 net sales of approximately EUR 5 billion. Its more than 26,000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.
Metso Corporation Olli Vaartimo Executive Vice President and CFO Kati Renvall Vice President, Corporate Communications distribution: Helsinki Stock Exchange New York Stock Exchange Media www.metso.com