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Metso signed an agreement to acquire peristaltic hose pump and progressive cavity pump technologies, with aftermarket parts and service capabilities, from Valmet. The transaction value is undisclosed and closing is expected on October 1, 2026.
Metso signed an agreement with Southern Peru Copper Corporation to supply solvent extraction and electrowinning technology for the Tia Maria copper project in Cocachacra, Arequipa, Peru. The plant will produce 120,000 t of copper cathodes per year, and the order value of €100 million was booked in Metso's Q1 2026 order intake.
Metso signed an agreement to supply grinding, beneficiation and slurry pump equipment for Jinnan Iron & Steel's greenfield iron ore concentrator in Sohar, Oman, designed for 12.6 million tonnes annually, with operations expected in 2027. The order value was not disclosed.
Metso is acquiring Jindex Pty Ltd, a privately owned Australian maker of valves and process flow control equipment, to strengthen its slurry handling offering for the mining industry.
Metso has signed an agreement to acquire Jindex Pty Ltd, a Sydney-based private Australian valve and flow control company. The deal is expected to close in August 2024, and the transaction value was not disclosed.
Metso Outotec has opened a new pump assembly plant in Lima, Peru, to serve growing demand for large mining pumps in South America with shorter lead times. The plant is customized for production of large MD Series pumps.
Valmet agreed to buy 22,374,869 shares, or 14.88%, of the future Neles Corporation from Solidium Oy for EUR 179 million paid in cash. The transaction is expected to close on July 1, 2020, after Neles is spun off from Metso.
Metso is installing a mega-size compress press at its Trelleborg factory in Sweden to increase consumables wear parts capacity, with production starting in May 2020; the first of three similar presses has a series value of EUR 10 million.
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's Neles Globe Valve Technology Center in Chungju, South Korea, is operational and ready for global deliveries of globe valves for oil and gas and power customers.
Metso is establishing a new foundry in Vadodara, India, with a capacity of 20,000 tonnes, and is increasing mineral equipment capacity at its Metso Park in Alwar by 35%.
Metso acquired the Valve Automation division of Rotex Manufacturers and Engineers Private Limited by acquiring all shares of RMEBS Controls Pvt. Ltd. in India to strengthen its valve network.
Metso Corporation has reportedly invested more than USD 112.3 million in its engineering hubs and production in India, about USD 78.6 million of it for operations expansion in India, to meet global demand for industrial valves.
Metso showed new process-industry products at the Valve World Conference and Expo in Düsseldorf, including the Jamesbury EasyFlow rubber-lined butterfly valve and the Neles Scotch-Yoke actuator. The new range targets oil and gas, petrochemical, pulp and paper and power industries.
Metso has completed its acquisition of the valve automation division of India-based Rotex Manufacturers and Engineers, by buying all shares of RMEBS Controls Private Limited. The deal adds actuators, limit switches and process valves to Metso's valve portfolio.
Metso decided to invest about EUR 10 million in a new green-field valve technology center in Jiaxing, China, expected to start operations in spring 2020.
Metso's board appointed Pekka Vauramo as president and CEO, effective November 2018. The announcement was made on May 29, 2018.
Metso has signed an agreement to acquire the valve automation division of India-based Rotex Manufacturers and Engineers. The division has two manufacturing facilities near Mumbai, about 275 employees, and sales of approx. INR 1,550 million; closing is expected in July 2018 and the price is undisclosed.
Metso supplied 400 Neles emergency shutdown valves, sized 6 to 40 inches, for an ethylene cracker at Orpic's Liwa Plastics Industrial Complex in Sohar, Oman. The delivery was reported on November 10, 2017.
Metso received four major valve orders for oil and gas projects from top-ten Chinese petrochemical customers, for greenfield investments scheduled for 2017 and 2018. The orders include about 2,500 Neles valves, and the total value and customer names were not disclosed.
Metso signed four new distribution agreements for its valve products in Brazil, with distributors including Loopserv and ERC, announced October 12, 2017.
Metso expanded coverage of its flow control business through a distribution agreement with Croatia-based Eco Consult, announced October 4, 2017.
Metso signed a non-exclusive distribution agreement for its Neles and Jamesbury valves with Process Control Equipment to cover the UK, Benelux and Spain.
Metso will supply 400 Neles emergency shutdown valves for an ethylene cracker in the Liwa Plastics Industrial Complex in Sohar, Oman, for Orpic, with delivery expected in early 2018.
Metso was selected as main valve supplier for Metsä Fibre's next-generation bioproduct mill in Äänekoski, Finland, supplying about 3,000 valves plus comprehensive maintenance and spare parts agreements. Mill start-up is scheduled for late summer 2017.
Metso will supply 400 Neles emergency shutdown valves, along with site training and maintenance services, for an ethylene cracker in Orpic's Liwa Plastics Industrial Complex project in Sohar, Oman, with delivery expected in early 2018.
Metso appointed Kalle Sipilä as President of its Pumps business area and a member of the executive team, effective from January 2, 2020.
Metso has signed an agreement for a comprehensive valve delivery for the Kilpilahti Power Plant in Porvoo, Finland.
Metso signed an agreement to deliver about 150 on-off and control valves for the Kilpilahti combined heat and power plant in Porvoo, Finland, planned for commissioning in 2018. The order value was not disclosed.
