Finland's Outotec: China a key market in metals processing
Updated: 2012-07-03 08:00
By Zhuan Ti (China Daily)
China-made Outotec equipment on its way to a nickel ore mine in Koniambo, New Caledonia. Photos Provided to China Daily
Pertti Korhonen, president and CEO of Outotec, led the executive board of the Finland-based multinational to Beijing in late May for its board meeting.
The event illustrated the emphasis Outotec places on the China market, according to Korhonen.
The provider of technology solutions for the minerals, metals and energy sectors held a key review of its China strategy at the meeting.
Its approach to sustainability, which differentiates the company from many of its competitors, is crucial to its strategy in China, the CEO said.
"With the rapid growth in China's economy, there is increasing demand for technological solutions enabling lower energy consumption and lower emissions," Korhonen noted. "Outotec sees major opportunities to contribute to the prosperity of China by providing sustainable technologies."
Thomas Jin, president of Outotec China, said the company has been working with China's metals industries since the 1960s by providing technologies that support sustainable use of natural resources.
Outotec supplied the first flash smelter to Jiangxi Copper Corp in 1985. More than 1.4 million tons of copper smelting capacity has since been installed in China based on Outotec's trademark technology.
"While copper smelting capacity increased from 400,000 tons to 1.9 million tons in China between 1995 and 2009, its sulfur dioxide emissions were reduced from 194,000 tons to 86,000 tons," Jin said.
"We are looking forward to continuing to provide more efficient, sustainable technologies and solutions to the market," he added.
In addition to Jiangxi Copper, Outotec has also worked with several other companies, such as Xiangguang Copper in Shandong, Tongling Non-Ferrous in Anhui, Jinchuan Group in Gansu and Zhuzhou Metallurgy in Hunan.
"Outotec technologies can be widely used in the production of non-ferrous metals. We can also provide sustainable solutions to China's iron and steel sector," Korhonen noted.
As a leader in minerals and metals processing technology, the company developed several breakthroughs over recent decades.
Outotec also offers innovative solutions for the chemical industry, industrial water treatment and alternative energy sources.
With a global network of sales and service centers, research facilities and over 4,200 experts, Outotec generated 1.39 billion euros ($1.75 billion) in sales revenues last year.
Outotec shares are listed on the NASDAQ OMX Helsinki.