Stock Exchange release December 5, 2006 01:02:28 PM CET
Metso to strengthen its competence in materials technology
Metso has decided to transfer the business operations of the Finland-based Metso Powdermet Oy, currently a part of Metso Ventures, to its rock and minerals processing business area Metso Minerals. The operation will form a new Metso Materials Technology business unit within Metso Minerals' Business Development function, reporting to Ms Tuula Puhakka, SVP, Business Development.
Metso Materials Technology will provide Metso's business areas and selected external customers with materials technology based product solutions and research and development services. With the transfer Metso aims to strengthen its materials technology based competence and offering. The businesses will be transferred on January 1, 2007, and it affects 15 people.
Metso Powdermet has over the years developed unique technology into components and wear parts among others for wood processing, as well as energy, minerals and chemical industries. The new name of the business unit is Metso Materials Technology Oy.
Metso is a global engineering and technology corporation with 2005 net sales of approximately EUR 4.2 billion. Its 22 000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.
For further information, please contact:
Tuula Puhakka, SVP, Business Development, Metso Minerals, Tel. + 358 400 969 991Vesa Kainu, President, Metso Ventures, Tel. +358 400 557427