Press release June 11, 2015 09:00:00 AM CET

Metso's reliable and high-performing valve solutions gain market share in geothermal business in Turkey

Metso's reliable and high-performing valve solutions gain market share in geothermal business in Turkey

Metso Corporation's press release on June 11, 2015, at 10:00 a.m. EEST

Metso has received totally 12 small or mid-sized orders from geothermal power providers in Turkey. Metso's delivery scope to the plants includes control and on-off valves, consisting of butterfly, globe, segment and ball valves ranging from 1'' to 54'' in size from the Neles® and Jamesbury® product portfolios. With Metso's valves the geothermal power plants can produce renewable energy efficiently and safely at a low cost and with a low impact on the environment.

The valves in a geothermal power plant must endure demanding process conditions, such as high pressure difference, flashing and silica scaling, and they must meet all safety requirements.

Metso's highly qualified range of control valves and proven industry experience secure sustainability and fulfill safety and environmental requirements in the geothermal plant processes. For example, Metso has the widest product scope with an extensive pressure rating for the wellhead phase in the process.

"Metso's proven valve solutions are an ideal fit for the geothermal industry where process conditions with variable pressures and temperatures can be very demanding on valve performance. Metso can meet customers' needs with our deep knowledge of choosing the proper valve type, material and specific sealing technologies to ensure a leak-free and reliable process", emphasized Cansu Gürbüz, Key Account Manager, Geothermals, Turkey, Flow Control, Metso.

The value of the orders is not disclosed. Some of these orders are included in Metso's first-quarter 2015 orders received, and divided bookings will follow during the second and third quarters of 2015.

In 2014 Metso received a large order from Zorlu Energy Companies Group in Turkey for flow control technology for a geothermal power plant. The company is building a new 45-MW geothermal power plant in Manisa-Alasehir, located about 560 km southwest of Ankara.

In 2013, Metso won its 10th repeat order from the Norwegian company Green Energy Group AS to deliver valves for their geothermal power plant installation in Kenya. Metso's valves are also installed in other countries such as in Iceland, Indonesia and Mexico.

Proven flow control offering and service solutions

Metso has a long track record of delivering engineered performance and reliability to the power and oil & gas industries with leading brands Neles®, Jamesbury® and Mapag®. In more than 90 years, Metso has delivered globally millions of valves, control valves and on-off valves, and has become one of the leading suppliers of intelligent valve controllers.

Metso's valve technology centers and valve production facilities are located in Finland, the United States, Germany, China, South Korea, India and Brazil.

Metso's extensive flow control services offering covers business solutions and services that optimize equipment use and cost of ownership. Today, Metso has more than 40 valve and field device service centers worldwide.

Geothermal in Turkey

According to the Climate Investment Fund's report published in March 2015, Turkey is the seventh richest country in the world in geothermal energy potential. In recent years, the installed capacity of geothermal power plants grew faster in Turkey than anywhere else in the world. The sector went from 30 MW in 2008 to 405 MW at the end of 2014 - a compound annual growth rate of 54% compared to 4.5% globally - and is on the way to fulfilling the Turkish government's deployment targets of 1GW by 2023.

Metso is the world's leading industrial company in the mining and aggregates industries and in the flow control business. Our knowledge, people and solutions help drive sustainable improvements in performance and profitability in our customers' businesses.

Metso has an uncompromising attitude towards safety. Our products range from mining and construction equipment and systems to industrial valves and controls. Our solutions are delivered and supported by decades of process knowledge and a broad scope of services backed by a global footprint of over 90 service centers, thousands of service employees, and an extensive logistics network.

Metso is listed on the NASDAQ OMX Helsinki, Finland. In 2014, Metso's net sales totaled EUR 3.7 billion. Metso employs approximately 14,000 industry experts in more than 50 countries. Expect results.
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For further information, please contact
:
Cansu Gürbüz, Key Account Manager, Geothermals, Turkey, Flow Control, Metso, tel. +90 212 465 61 55 or +90 530 875 14 45, email: cansu.gurbuz(at)metso.com

Jussi Ollila, Vice President, Global Communications, Metso Corporation, tel. +358 20 484 3212, email: jussi.ollila(at)metso.com