02/11/2017 11:00:15

Metso receives four major oil and gas valve orders from Chinese petrochemical customers

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Metso receives four major oil and gas valve orders from Chinese petrochemical customers

Metso Corporation's press release on November 2, 2017 at 1:00 p.m. EET

Metso has received four major valve orders for the oil and gas industry from Chinese petrochemical customers. All orders are for greenfield investments and have been booked in Metso's orders received starting from the first quarter of 2017, with subsequent quarterly bookings in 2017 and continuing to 2018. The total value of the orders and company names are not being disclosed. All the companies are in the top ten petrochemical companies in China.  

"A solid industry reputation, and reliable, high-quality products with great investment value has made Metso's valve solutions a favorite in the market. Our customers value having proven valve technology, as well as service and spare part availability that ensures high productivity in demanding processes," explains Metso's HangPheng Tan, Vice President Sales and Service Flow Control in China.

The orders include approximately 2,500 Neles® ball, segment and butterfly valves for on/off and control applications for various process phases, such as coal gasification, ethylene cracking and PSA processes. The control valves are equipped with Neles® ND9000 series intelligent valve controllers, which have the capability for advanced performance follow-up.

    

Caption: Neles® BWX and Neles® ball valve are examples of the wide variety of reliable Metso valves for petrochemical processes.

Over the years, Metso's installed base of valve solutions for leading Chinese oil and gas customers has been growing steadily, and its valves are widely used in many critical processes. In a typical petrochemical or refinery project, Metso's product range covers up to 90% of the valves needed.

Reliable valve solutions are critical components in petrochemical processes 

Metso has a strong position in control valves for petrochemical, chemical, oil and gas, and power customers through its well-known Neles rotary control valves, globe valves, and intelligent valve controllers offering.

The valves in a petrochemical or refinery process must be able to withstand very demanding process conditions, such as high pressures and temperatures, toxic and corrosive fluids, vibration, and pressure shocks under normal service conditions, and they must meet all safety requirements.

Metso is a world-leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. We help our customers improve their operational efficiency, reduce risks and increase profitability by using our unique knowledge, experienced people and innovative solutions to build new, sustainable ways of growing together.

Our products range from mining and aggregates processing equipment and systems, to industrial valves and controls. Our customers are supported by a broad scope of services and a global network of over 80 service centers and about 6,000 services professionals. Metso has an uncompromising attitude towards safety.

Metso is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 2.6 billion in 2016. Metso employs over 11,000 people in more than 50 countries. Expect results.

http://metso.com

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twitter.com/metsogroup

 

For further information, please contact:

HangPheng Tan, Vice President, Sales and Services China, Flow Control, Metso, Tel. +65 6511 1022, Email: hangpheng.tan@metso.com

Helena Marjaranta, Vice President, Global Communications, Metso Corporation, Tel. +358 20 484 3212, Email: helena.marjaranta@metso.com

Metso-Neles-BWX

Metso-Neles-ball-valve


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Metso Corporation via Globenewswire

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