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.
Olli Vaartimo Executive Vice President and CFO Kati Renvall Vice President, Corporate Communications distribution: OMX Nordic Exchange in Helsinki Media www.metso.com
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