Stock Exchange release June 27, 2002 08:05:43 AM CET
METSO SUPPLIES CRUSHING AND ROAD CONSTRUCTION EQUIPMENT TO INDIA
Metso Minerals has received orders worth more than EUR 20 million for rock crushing and road construction equipment for India's road infrastructure development. The customers are Indian and Malaysian construction companies. The deliveries are taking place during the second quarter of 2002.
The equipment supplied by Metso Minerals includes 15 crushing plants as well as rollers, pavers and other road construction machinery.
India has introduced several large projects to improve its road network and traffic connections. Current projects include three major motorways with a combined length of more than 13,000 kilometers. The largest project is the 5,800-km long 'Golden Quadrilateral', which will combine Delhi in the north, Mumbai in the west, Bangalore and Chennai in the south and Kolkata in the east. The other two motorways will cross the country from east to west and from north to south.
Metso Minerals' operations in India include a factory manufacturing crushers and related equipment and a foundry as well as several sales and service offices. The personnel amounts to over 200.
Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and after-market and services. The corporation's core businesses are fiber and paper technology (Metso Paper), rock and mineral processing (Metso Minerals) and automation and control technology (Metso Automation). In 2001, the net sales of Metso Corporation were EUR 4.3 billion and the personnel totaled approximately 30,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.