Ferrexpo acquires USD 84 mln in equipment for pellet quality upgrade

Обзоры по компаниям и отраслям 05.09.2012 Finnish company Metso announced yesterday that it will supply Ferrexpo (FXPO LN) with an equipment aimed at increasing pellet quality. The deal is a part of a major CapEx project, enabling Ferrexpo to produce 12 mmt pellets of 65% grade p.a. vs. 5 mmt currently (the rest being 62% grade). The value of the agreement is EUR 67 mln (USD 84 mln), including two previously signed contracts, worth EUR 36 mln. The agreement represents 40% of Ferrexpo’s USD 212 mln budgeted amount for the project, which is to be finalized in 2014.