Metso Outotec and AMIC sign a full and final Settlement Agreement on Ilmenite Smelter Project in Jazan City in Kingdom of Saudi Arabia
Metso Outotec Corporation’s stock exchange release on March 8, 2023, at 6:15 p.m. EETMetso Outotec and Advanced Metal Industries Cluster Company Limited (AMIC), a subsidiary of Tasnee, have signed a full and final settlement agreement in relation to the original engineering, procurement, and construction (EPC) contract, signed in May 2012, on the Ilmenite Smelter Project. After modifications and construction works, the smelter’s furnace 1 has successfully started operating and has been ramping up since December 2021. The ramp-up continues and with ongoing optimization works, the furnace