Outokumpu Technology to supply silver refinery to Krasnoyarsk, Russia

Outokumpu Technology has agreed with JSC Krasnoyarsk Non-Ferrous Metals Plant (KNFMP) for the delivery of a silver refinery installation to the world's biggest platinum group metals refinery in Krasnoyarsk, Siberia, Russia.

According to the technology transfer contract, Outokumpu Technology's scope covers engineering and critical silver refinery equipment. The new installation is scheduled to be in operation by the end of 2007.

"By selecting state-of-the-art precious metals technology from a well recognized supplier, we will strengthen our position as the global leader in precious metals refining. Outokumpu Technology as a partner is a natural choice for us, since we are familiar with many similar plants built by them in different countries, including Russia and Kazakhstan", says Mr. Igor Tikhov - General Director of KNFMP.

"This project further enhances Outokumpu Technology's position as the market leader in precious metals technology. Five out of ten world's biggest silver producers apply Outokumpu Technology's process, and we are happy to welcome KNFMP in the club and deliver our latest improvements and technical solutions in silver refining to Krasnoyarsk," says Björn Ludvigsson, Vice President of Outokumpu Technology AB in Skellefteå, Sweden.

For further information, please contact:

Outokumpu Technology AB
Björn Ludvigsson, Vice President
Tel. +46 910 87 676
e-mail: bjorn.ludvigsson(at)outokumputechnology.com

Outokumpu Technology Oyj
Eila Paatela, Vice President - Corporate Communications
tel. +358 (0) 20 529 2004, mobile +358 400 817198
e-mail: eila.paatela(at)outokumputechnology.com