Metso Corporation's press release on May 17, 2011 at 09:00 a.m. local time
Metso announces the investment to expand its' North American facilities located in Shrewsbury Massachusetts, USA for the valve operations. This investment is in line with the previous years' investment decisions to develop Metso's valve services globally. After the Shrewsbury expansion has been completed, Metso has new state-of-the art facilities and equipment near to each significant market areas.
The expansion investment includes construction of additional 7,500 square meter (80 K Sq Ft) and will be completed in the spring of 2012. It is estimated that the costs of the expansion are about EUR 4 million (USD 6 million).
''These are positive messages to our customers: We are constantly improving our service level to our partners in oil, gas, process and pulp and paper industries,'' John Quinlivan, President of Flow Control North America business unit comments.
''Many of our customer's processes are becoming more demanding as they strive to increase productivity and they are looking for us to provide the solutions to their evolving processes. The expansion will facilitate the establishment of a dual operational model for high volume standard production and customer engineered valve production. This gives us the prerequisites to serve our customer with greater product and application scope. It further positions us for growth in what we expect to be a strengthening local market.' John Quinlivan continues.
'In the automated valve industry, we are already the leading valve solutions and services provider in the US. We have strong established market positions in pulp and paper, industrial gas, chemical and oil and gas industries. This investment will allow us to further expand our position as well as enter into new areas'', he continues.
Metso's North American industrial valve business currently employs about 500 persons in USA. After the expansion, the major part of the personnel will be located in Shrewsbury.
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 28,500 employees in more than 50 countries. www.metso.com
For further information for the press, please contact:
John Quinlivan, President of Flow Control, North America business unit, Metso, tel. +1 617 899 1189
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Source: Metso Corporation via Thomson Reuters ONE