Outotec shipments surge, coronavirus complicates logistics — Panjiva
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Outotec shipments surge, coronavirus complicates logistics

China 2973 Coronavirus 511 Finland 11 Industrials - Capital Goods 583 Materials - Metals/Mining 752 U.S. 5319

Coronavirus has caused disruptions in the mining industry including a drop in demand and complications in production. That may have a knock-on effect to the mining equipment providers. Outotec’s CEO, Markku Teräsvasara, has noted that while the firm’s Chinese suppliers are “basically operating at normal” they are still facing logistics challenges including “limited number of containers available and also air opportunities being limited”. China is only a small part of its supply chain though – representing just 2.5% of U.S. seaborne imports linked to the firm in 2019 for example – with di...

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