Business News

Metso to establish “Metso Park” in India


Metso Corporation

2008-04-01 06:20:00

Metso to establish “Metso Park” in India

HELSINKI, FINLAND–( EMWNews – April 1, 2008) –

Metso is planning to invest approximately EUR 30 million to establish

“Metso Park”, a multi-functional industrial facility, in India. The

new facility will host both Metso’s own new operations and selected

key suppliers. Metso Park will initially cater to meeting the rapid

growth in demand for Metso Minerals’ products and services in India.

It will also have the capability to serve other Metso business. With

the investment, Metso aims to enhance its logistics, inventory

control, operational quality and productivity as well as supplier

relationships. The implementation of the Metso Park concept is

subject to regulatory approvals.

A new operating concept for the company, Metso Park will be located

near the city of Alwar in the state of Rajasthan in northwest India

and will include office premises, several workshops, warehousing and

a logistics center. Partners operating out of Metso Park will

establish their own workshops at the Metso site and will benefit from

the infrastructure services provided.

Metso Park will initially manufacture mobile screening plants, pumps

and rubber products for the construction and mining customers in

India. Some products and components will also be exported. Operations

at Metso Park are expected to commence in the second half of 2009,

and the number of employees at the facility is expected to rise to

700 by 2012.

Late last year, Metso announced a EUR 12.5 million investment in

expanding foundry and manufacturing operations and office facilities

in India. Metso’s net sales in India were approximately EUR 150

million in 2007. The company employs today some 700 people in India.

Metso is a global engineering and technology corporation with 2007

net sales of approximately EUR 6 billion. Its almost 27,000 employees

in approximately 50 countries serve customers in the pulp and paper

industry, rock and minerals processing, the energy industry and

selected other industries.

Further information for the press, please contact:

Matti Kähkönen, President, Metso Minerals, tel. +358 20 484 3100

Further information for investors, please contact:

Johanna Sintonen, Vice President, Investor Relations, Metso

Corporation, tel. +358 20 484 3253

It should be noted that certain statements herein which are not

historical facts, including, without limitation, those regarding

expectations for general economic development and the market

situation, expectations for customer industry profitability and

investment willingness, expectations for company growth, development

and profitability and the realization of synergy benefits and cost

savings, and statements preceded by “expects”, “estimates”,

“forecasts” or similar expressions, are forward-looking statements.

These statements are based on current decisions and plans and

currently known factors. They involve risks and uncertainties which

may cause the actual results to materially differ from the results

currently expected by the company.

Such factors include, but are not limited to:

(1) general economic conditions, including fluctuations in exchange

rates and interest levels which influence the operating environment

and profitability of customers and thereby the orders received by the

company and their margins

(2) the competitive situation, especially significant technological

solutions developed by competitors

(3) the company's own operating conditions, such as the success of

production, product development and project management and their

continuous development and improvement

(4) the success of pending and future acquisitions and restructuring.

Metso Corporation

Olli Vaartimo

Executive Vice President and CFO

Kati Renvall

Vice President,

Corporate Communications


OMX Nordic Exchange in Helsinki


Copyright © Hugin AS 2008. All rights reserved.

Further information for the press, please contact:
Matti Kähkönen
Metso Minerals
tel. +358 20 484 3100

Further information for investors, please contact:
Johanna Sintonen
Vice President
Investor Relations
Metso Corporation
tel. +358 20 484 3253

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