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Outotec Granted R&D Loan by European Investment Bank

09/25/2012 - The European Investment Bank has granted a €45 million loan to Outotec Oyj to finance the development of minerals and metallurgical processing technologies as well as industrial water treatment and energy related applications.

The European Investment Bank has granted a €45 million loan to Outotec Oyj to finance the development of minerals and metallurgical processing technologies as well as industrial water treatment and energy related applications.
This loan with up to 11-year repayment period was signed in Helsinki, Finland today. Outotec will invest the funds during 2012 - 2015 in research activities focusing on the development of sustainable technologies that enable Outotec's customers to maximize the recovery of minerals and minimize environmental impacts, while conserving energy, natural resources, and capital investments.
Outotec has state-of-art research facilities in Pori, Finland, and in Frankfurt, Germany, and company's total expenditure in research and development was €33.5 million in 2011. Innovative research at in-house R&D facilities, networking with universities and research institutions, and continuous development work in collaboration with the customers has made Outotec a leading developer of technology in the minerals processing and metallurgical industry.
"We are happy to sign this agreement with Outotec, which will bring substantial benefits to investing in research, development and innovation related to minerals and metallurgical processing technologies. These are key considerations for the EIB's involvement in the world's metals production, water treatment and cleantech sector," said Pim van Ballekom, EIB Vice-President responsible for lending in Finland.
"This R&D loan is highly appreciated as it is an important building block in the long-term funding of investments in research and development work. Forefront R&D operations are the key to retain the position of the leading metals processing technology supplier in the rapidly changing global market. This loan further strengthens Outotec's already solid financial position," says Mikko Puolakka, CFO of Outotec.
Outotec develops and provides technology solutions for the sustainable use of Earth's natural resources. As the global leader in minerals and metals processing technology, Outotec has developed over decades several breakthrough technologies. The company also offers innovative solutions for the chemical industry, industrial water treatment and the utilization of alternative energy sources.