2012-09-25 09:37:34 -
OUTOTEC OYJ PRESS RELEASE SEPTEMBER 25, 2012 at 10.30 AM
Outotec granted R&D loan by European Investment Bank
The European Investment Bank has granted a EUR 45 million loan to Outotec Oyj to
finance the development of minerals and metallurgical processing technologies as
well as industrial water treatment and energy related applications.
This loan with up to 11-year repayment period was signed in Helsinki, Finland
today. Outotec will invest the funds during 2012 - 2015 in research activities
focusing on the development of sustainable technologies that enable Outotec's
customers to maximize the recovery of minerals and minimize environmental
impacts, while conserving energy, natural resources, and capital investments.
Outotec has state-of-art research facilities in Pori, Finland, and in Frankfurt,
Germany, and company's total expenditure in research and development was EUR
33.5 million in
2011. Innovative research at in-house R&D facilities, networking
with universities and research institutions, and continuous development work in
collaboration with the customers has made Outotec a leading developer of
technology in the minerals processing and metallurgical industry.
"We are happy to sign this agreement with Outotec, which will bring substantial
benefits to investing in research, development and innovation related to
minerals and metallurgical processing technologies. These are key considerations
for the EIB's involvement in the world's metals production, water treatment and
cleantech sector," said Pim van Ballekom, EIB Vice-President responsible for
lending in Finland.
"This R&D loan is highly appreciated as it is an important building block in the
long-term funding of investments in research and development work. Forefront R&D
operations are the key to retain the position of the leading metals processing
technology supplier in the rapidly changing global market. This loan further
strengthens Outotec's already solid financial position," says Mikko Puolakka,
CFO of Outotec.
For further information please contact:
Mikko Puolakka, CFO
Tel. +358 20 529 2002
Eila Paatela, Director - Corporate Communications
Tel. +358 20 529 2004, mobile +358 400 817198
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Source: Outotec Oyj via Thomson Reuters ONE