Outotec acquires the business of Sinter Plant Services to complement its services to South African ferrochrome producers
Outotec has agreed to acquire the business of Sinter Plant Services CC in South Africa from the founders of the company to complement its service offering to South African ferrochrome plants.
The transaction is expected to be closed by the end of this year. Sinter Plant Services provides spare parts and services to South African ferrochrome plants from its service center and manufacturing facility close to Johannesburg. The parties have agreed not to disclose the acquisition price. The acquisition will not impact Outotec's financial guidance for 2015.
Sinter Plant Services' some 40 employees will transfer to Outotec. The annual sales of the company have been some millions of euros.
"Outotec has delivered sustainable Steel Belt Sintering and Preheating Kiln technologies to all major ferrochrome producers, many of which are located in South Africa. We intend to complement our service portfolio as well as increase local resources and sourcing to become a stronger service partner to our customers. This acquisition strengthens our position as a provider of life-cycle solutions to the producers of ferroalloys", says Adel Hattab, head of EMEA region at Outotec.
source: Outotec
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
