Outotec Oyj - Company Announcement

Outotec delivers technology for the expansion of Outokumpu's ferrochrome plant in Finland

OUTOTEC OYJ STOCK EXCHANGE RELEASE, NOVEMBER 19, 2010 AT 4.00 PM

Outotec delivers technology for the expansion of Outokumpu's ferrochrome plant
in Finland

Outotec will deliver sintering and ferrochrome smelting technology for the
expansion of Outokumpu's ferrochrome plant in Tornio, Finland. The new sintering
plant and smelter will double Outokumpu's ferrochrome production capacity. The
contract value is approximately EUR 45 million.

Outotec's scope includes engineering of the sintering plant and the smelter as
well as delivery of key process equipment. The new sintering plant will treat
annually 600,000 tonnes of chromite concentrate to pellets to be used as feed to
a 100 MW ferrochrome furnace, which will be the world's largest and most
efficient furnace of its kind. The deliveries will take place during 2011 and in
the first half of 2012."Outokumpu's Tornio plant is one of the most modern and efficient stainless
steel production facilities in the world. We have been involved in the
technology development and our close cooperation with Outokumpu continues now
when doubling the production capacity of the ferrochrome plant using our
technology. Thanks to its energy efficiency and environmental benefits the
Outotec® Ferrochrome Process is second to none," says Outotec CEO Pertti
Korhonen.

For further information please contact:

OUTOTEC

Pekka Erkkilä, President - Ferrous Solutions business area

tel. +358 20 529 211 or +49 6171 9693 100

Eila Paatela, Director - Corporate Communications

tel. +358 20 529 2004, +358 400 817 198

e-mails firstname.lastname@outotec.com

DISTRIBUTION:

NASDAQ OMX Helsinki

Main media

www.outotec.com



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