IRON and STEEL
Mining Machinery & Equipment
Outotec has finalized the negotiations with employee representatives announced on October 26, 2017 to outsource its German-based project engineering function to Citec. As a result of the negotiations, 59 Outotec employees have transferred to Citec as of April 1, 2018.
Citec is a global engineering company providing multi-discipline engineering services to the energy and other technology-dependent industries. The outsourcing will not have an impact on Outotec's financial guidance for 2018.
"By outsourcing part of our engineering activities, we create more flexibility to our organization and decrease Outotec's fixed costs in the long run. Citec is a suitable partner for us as they have already presence and an existing customer base in Germany and Finland, and excellent references", says Kalle Härkki, Head of Outotec's Metals, Energy & Water business.
In a series of talks that took place within the COP24 summit in Katowice, Poland, defenders of the circular economy highlighted the importance of including mining of rare earth metals into their discussions.
Iran, one of the largest iron ore exporter in MENA region has exported 1.67 MnT iron ore via bulk shipments in the seventh month of Iranian year (during 23rd Sep- 22nd Oct'18). The exports witnessed significant rise of 74% on monthly basis in Oct'18 as against Sep'18 exports at 0.96 MnT.
Chinese steel maker Chengde Steel Vanadium Titanium cold-rolled sheets Co, Ltd. (Chengde Steel) has placed an order with Primetals Technologies to supply a continuous pickling line (CPL) and a continuous galvanizing line (CGL) for a new cold rolling and processing plant to be built in the company´s location in Chengde, Hebei Province.
Outotec has signed a contract for the Front-End Engineering Design (FEED) of a new copper smelter to be located at Benete Bay in Sumbawa, Indonesia.
Acciaieria Arvedi S.p.A., an Italian steel producer, has issued Primetals Technologies the final acceptance certificate for a new electric arc furnace.
Primetals Technologies has received an order from Chinese steel producer Langxi County Hongtai Steel Co., Ltd.