Stock Exchange release September 30, 2002 02:07:10 PM CET
METSO RECEIVES ORDERS FOR METAL RECYCLING MACHINERY
In August – September, Metso Minerals has received several orders for metal recycling solutions. The total value of the orders is approximately EUR 18 million. The deliveries will take place during the first half of 2003. Metso has been supplying metal recycling equipment since 2001, when the German Lindemann became a part of the Corporation. Metso Minerals is the global market leader in metal recycling products and these deliveries will strengthen its position on the fast growing markets.
The delivery to Guy Dauphin Environment's new recycling plant in Lyon, France comprises a shredder, dedusting equipment, an air classifier, conveyors as well as magnet separation and weighing equipment. The plant, which will start up in 2003, will handle end-of-life cars and other mixed metal waste.
In addition, Metso Minerals has also received orders for metal recycling equipment e.g. from Makiura Steel Works in Japan, BMW in Germany and Fagor and Lajo in Spain.
Approximately 50 percent of the global steel production is already using recycled steel as their raw material.
Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket 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.