28 April, 2015
Andritz and Montes del Plata have reached a settlement agreement regarding the claims that both parties demanded
Andritz and Montes del Plata have reached a settlement agreement regarding the claims that both parties demanded concerning different contractual aspects of the construction and erection process.
The settlement agreement, which was achieved amicably, ends the arbitration proceeding in course since June 2014. This has been accomplished by the joint effort of both companies, and this positive result strengthens the relationship between both firms which are strategic partners in the operation and maintenance of Montes del Plata mill. In this working relation, both parties seek for excellence in operation, aiming for the highest standards of efficiency, quality and performance.