London headquartered Primetals Technologies has entered into an exclusive license arrangement with Metso Outotec Oyj (Metso Outotec) to use Metso straight grate iron ore pelletizing (SG-IOP) technology for the Indian market.
The agreement means that Primetals Technologies can further strengthen its offering of iron ore pelletizing plants for customers in India. The license provides Primetals Technologies the exclusive right to develop pelletizing plants in India based on Metso SG-IOP reference projects with grate sizes ranging from 272 to 816 square metres implemented in India over the past decades. This complements the company’s existing portfolio of circular pelletizing plants.
“Primetals Technologies also offers circular pelletizing plants for smaller capacities up to 2Mt/yr and this agreement with Metso Outotec supports our activities to provide iron ore pellet plants up to 8Mt/yr in India.”
Aashish Gupta, executive vice president and global business unit head upstream, Primetals Technology
The license agreement is a result of Metso Outotec’s merger clearance process in India. The combination of Metso’s Minerals business and Outotec was conditionally approved by the Competition Commission of India (CCI) in June last year, subject to the transfer of Metso’s SG-IOP capital equipment business in India to a suitable buyer through a technology licensing arrangement. The license enables Primetals to design, engineer, supply and commission pelletizing plants based on Metso SG-IOP technology and to engage in respective aftermarket services in India.
Aashish Gupta, executive vice president and global business unit head upstream said that Indian pellet plant capacity was expected to grow significantly in coming years to meet growing demand for steel in India. He said the agreement with Metso Outotec will enable Primetals to provide its customers with proven and reliable technology for iron ore pellets production.
"Maximized localization of engineering services and manufacturing of equipment through Primetals Technologies India will increase the attractiveness of offerings for the Indian market."
Primetals Technologies
“Primetals Technologies also offers circular pelletizing plants for smaller capacities up to 2Mt/yr and this agreement with Metso Outotec supports our activities to provide iron ore pellet plants up to 8Mt/yr in India,” he adds.
Primetals Technologies’ pellet plant offerings will be complemented by its environmental portfolio (MEROS off-gas cleaning technology) as well as advanced automation systems for travelling grate technology. Maximized localization of engineering services and manufacturing of equipment through Primetals Technologies India will increase the attractiveness of offerings for the Indian market.