Thursday, 14 July 2011

Some Finnish heavy industry news in brief

Talvivaara Mining Company (OMX: TLV1V, LSE:TALV) will replace IT service company Tieto (HEL: TIE1V, OMXS: TIEN) in OMXH25 list on August 1, 2011.

Outotec (OMXH: OTE1V) received an order worth roughly 50 million Euros from Maaden Bauxite Alumina Company (JV of Saudi Arabian Mining Company (Maaden) and Alcoa) in Saudi Arabia. It will deliver alumina calcination technology, precisely two calciners to integrated aluminum complex at Ras Al Khair.

Metso (OMX: MEO1V) has received numerous large orders in last few days. Today the company said it is to provide mill maintenance to Amcor in Australia. Yesterday the company said it will supply minerals processing equipment to Taigang Group Lanxian Mining Co. Ltd. (TISCO) in China. On Tuesday Metso said it will deliver CHP boiler plants to Fortum (OMX: FUM1V) in Finland and in Latvia. And finally on Monday the company said it will perform replacement of chemical recovery boiler of UBE chemicals in Thailand.

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