Press release March 10, 2010 11:30:00 AM CET

Metso's biggest single investment in India, Metso Park inaugurated

Metso Corporation's press release on March 10, 2010 at 00:30 p.m. local time

Metso's biggest single investment in India - Metso Park - was inaugurated on Wednesday, March 10, in the city of Alwar in Rajasthan. Paving the way for an even more significant operational and manufacturing presence in India, the investment comprises multifunctional premises, including workshops, offices, engineering, logistics and training centers. Metso Park will be completed in phases from 2010 onward, and upon completion the EUR 30 million industrial center will extend to an area of almost 47 acres and will provide employment opportunities for up to 700 people.

Metso Park will cater to meeting the rapid growth in demand for the products and services of Mining and Construction Technology in India and Metso's other rapidly growing markets in Asia Pacific. The products manufactured at Metso Park will be primarily delivered to our mining and construction industry customers in India and neighboring areas. Some of the products will also be transported to our other manufacturing units for adaptation for global markets. During the first operational phase, Metso Park will manufacture components for mobile crushing and screening plants, vibrating screens and vibrators, slurry pumps and rubber products.

"During the past five years we have significantly strengthened our presence in Asia and particularly India and our ability to serve our customers locally. Metso Park is the largest single investment ever made in India by Metso and its Mining and Construction Technology, confirming our confidence in the potential market growth in India and in line with our strategy of growing our presence in emerging markets. The investment will also significantly improve our competitiveness not only in India, but in the whole of Asia Pacific market area. In terms of our image, Metso Park is an integral complement to our supply and manufacturing network," says Matti Kähkönen, President of Metso's Mining and Construction Technology.

In addition to Metso Park, Metso's Mining and Construction Technology operations in India consist of a factory in Bawal, a foundry in Ahmedabad, and regional sales and service offices in New Delhi, Bangalore, Kolkata, Thane, Hyderabad and Chennai. Metso Group has currently altogether 17 units and 735 employees in India.

Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 27,000 employees in more than 50 countries. www.metso.com


Further information for the press, please contact:
 
Matti Kähkönen, President, Mining and Construction Technology, Metso, tel.  +358 20 484 3100

Sudhir Srivastava, Senior Vice President, Asia and Pacific market area, Mining and Construction Technology, Metso, tel. +91 124 2351575