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Outotec waits for more bigger new-project conversions

Finnish mineral processing engineer and equipment maker Outotec says positive decisions on greenfield projects hold the key to stronger sales and profit momentum over the balance of 2019 after it reported an 11% year-on-year decline in sales to €254.7 million for Q1 albeit at better margins.

Outotec waits for more bigger new-project conversions Outotec waits for more bigger new-project conversions Outotec waits for more bigger new-project conversions Outotec waits for more bigger new-project conversions Outotec waits for more bigger new-project conversions

Outotec CEO Markku Terasvasara

The company's president and CEO Markku Terasvasara said this week there was "no new news" on the problematic Saudi Arabian National Industrialization Co ilmenite smelter, for which Outotec has made a