September 12th, 2007
Metso to supply minerals processing equipment to Arcelor Mittal Steel in Ukraine
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.
CapMan is one of the leading alternative asset managers in the Nordic countries and manages Nordic funds with approximately EUR 3 billion in total capital. CapMan has four investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science and CapMan Real Estate), and each of them has a dedicated team. Altogether CapMan employs around 100 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001. CapMan Buyout makes both equity and mezzanine investments in middle market buyouts in almost all industries in the Nordics. The Buyout team comprises 25 experienced professionals. The current team has made over 60 Nordic investments and close to 40 exits. Examples of the current portfolio are Finnish Lumene, Swedish MQ, Norwegian Cardinal Foods and Danish Anhydro. The aggregate turnover of current portfolio companies is approx. EUR 2.8 billion and the companies employ nearly 18,000 people.
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.
Carl Montán, Regional Manager, CIS
Mining business line, Metso Minerals,
tel. +46 40 245850
Wille Beckman, Vice President
Process Equipment, Mining business line, Metso Minerals, tel. +46 224 57149
Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253
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