Metso Outotec Grants License to Primetals for SG IOP for India
Primetals Technologies and Metso Outotec Oyj have entered into an exclusive license agreement enabling Primetals Technologies to use the Metso Straight
Primetals Technologies and Metso Outotec Oyj have entered into an exclusive license agreement enabling Primetals Technologies to use the Metso Straight Grate Iron Ore Pelletizing (SG-IOP) technology for the Indian market. Through this agreement Primetals Technologies will further strengthen its offering of iron ore pelletizing plants for customers in India. The license provides Primetals Technologies the exclusive right to execute pelletizing plants in India based on Metso SG-IOP reference projects with grate sizes ranging from 272 to 816 square meters implemented in India over the past decades. This complements the existing portfolio of Circular Pelletizing Plants.
The license agreement comes as a result of the Metso Outotec merger clearance process in India. The combination of Metso’s Minerals business and Outotec was conditionally approved by the Competition Commission of India in June 2020, 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 Technologies to design, engineer, supply and commission pelletizing plants based on Metso SG-IOP technology and to engage in respective aftermarket services in India.
Primetals Technologies’ pellet plant offerings will be complemented by its comprehensive 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.