Feb 15, 2008 — Prime Newswire
HELSINKI, February 15,
2008 (press release) — Metso Paper and Mitsubishi Heavy
Industries (MHI) have reached an agreement under which MHI's paper
machinery technology will be transferred to Metso Paper. The value
of the contract, which is subject to regulatory approvals, will not
be disclosed. The transaction enhances Metso Paper's services
business especially in Japan.
The arrangement will ensure continuous technical support for MHI
customers. Metso Paper will start serving the customers immediately
after the agreement has become effective.
MHI will attend to their present order backlog, and Metso Paper
will take over the customer service after MHI contractual
obligations have been fulfilled.
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.