26/10/2018 10:00:12

Metso to increase its valve production capacity in China to meet the growing global demand for reliable valve technology

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Metso to increase its valve production capacity in China to meet the growing global demand for reliable valve technology   

Metso Corporation's press release on October 26, 2018 at 12:00 p.m. EET

To respond to the growing global demand in the valve market, Metso has decided to invest in a new green-field valve technology center in Jiaxing, China. The new-build plant will strengthen Metso's valve and related products production capabilities and increase capacity for customers across various process industries, both in China and globally. Metso expects to invest a total of approx. EUR 10 million by 2020. The new technology center will start operations in spring 2020.

"China is an extremely important market for our valves business. The new technology center will improve our competitiveness in China and will have a strong role within the global operations footprint. We also expect the investment to expand our delivery capabilities, helping us to better meet the growing needs both in terms of capacity and product availability," says John Quinlivan, President, Valves business area, Metso. 

Caption: Metso's new technology center in Jiaxing will start operations in spring 2020.

Strong valve production foothold in China and on every continent

The new location is designed to be a workplace for a total of 400 valve technology professionals. In addition to the new technology center, Metso has a valve technology center in the Waigaoqiao Free Trade Zone in Shanghai, which was inaugurated in 2010. 

Today, Metso has valve technology or production centers in locations around the world: in China, North America, Brazil, Germany, Finland, South Korea and India.

Metso employs more than 1100 people at seven locations in China, serving all customer industries. 

Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 2.7 billion in 2017. Metso employs over 12,000 people in more than 50 countries. 

metso.com

twitter.com/metsogroup

For further information, please contact:

Global Communications, tel. +358 20 484 3212

Investor Relations, tel. +358 20 484 3253

Metso_valve_technology_center_Jiaxing


This announcement is distributed by West Corporation on behalf of West Corporation 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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