Outotec secures R&D loan from European Investment Bank

Outotec will invest the funds between 2012 and 2015 in research activities focusing on the development of sustainable technologies that enable Outotec’s customers to maximise the recovery of minerals and minimise environmental impacts, while conserving energy, natural resources and capital investments.

Outotec, which has research facilities in Pori, Finland and Frankfurt, Germany, spent €33.5 million in 2011 on research and development.

“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,” said Outotec chief financial officer Mikko Puolakka.

The loan has a repayment period of up to 11 years.