Metso to sell its stake in Shanghai-Neles Jamesbury Valve JV to Shanghai Electric unit

Metso agreed to sell its 50% stake in Shanghai-Neles Jamesbury Valve Co. to Shanghai Electric International Economic & Trading, its joint venture partner. Metso will move Jamesbury valve production to its Shanghai Technology Center.

“Metso has entered into an agreement to sell its shares of its joint venture company Shanghai-Neles Jamesbury Valve Co., Ltd (SNJ) to Shanghai Electric International Economic & Trading Co., Ltd (SEIC).”manufacturing-journal.net

• 2 sources
• manufacturing-journal.netMetso increases valve manufacturing capacity in ChinaApr 9, 2020
• manufacturing-journal.netMetso increases valve manufacturing capacity in ChinaApr 9, 2020

Summarized from public sources; check the original articles before acting on it.