HELSINKI, Nov. 29, 2019 (Press Release) -Metso’s valve business, future Neles Corporation, will showcase the latest valve solutions for a sustainable future of the pulp, paper and bioproducts industry at the Paperex 2019 event, taking place December 3–6, 2019, at International Exhibition Cum Convention Centre in New Delhi, India. Meet Metso experts at stand 5102.
Global megatrends and increasing awareness of sustainable production and environmental performance are transforming the pulp and paper industry as we know it. They are driving the need for reduced emissions, decreased water and fossil-fuel consumption and for more efficient production processes. The pulp and paper industry is also leading the way in new innovations aimed at replacing unsustainable plastics, microplastics, textile fabrics and fossil fuels, for example. Metso is committed to helping the industry meet the growing and changing demands, and capturing opportunities presented by the new emerging bioproducts.
At the Paperex 2019 exhibition, Metso welcomes visitors to discover more about its valve solutions that help to drive the processes in the pulp, paper and bioproducts industry towards improved efficiency, reliability and environmental performance. The selection at the event includes Metso’s latest valve solutions, e.g. the Jamesbury EasyFlow offering with a complete suite of products designed to work together for the easy creation of automated valve assemblies delivering reliable, high-quality performance.
Metso has solid experience in delivering engineered performance and reliability to customers through its leading product brands Neles and Jamesbury. Additionally, Metso is one of the leading suppliers of intelligent valve controllers.
About future Neles Corporation
The future Neles Corporation is a well-known flow control solutions and services provider to the oil and gas refining, pulp, paper and bioproducts industry, chemicals and other process industries. Neles employs 2,900 people and it has operations in more than 40 countries. Neles’ unaudited carve-out sales for full-year 2018 were EUR 593 million (January-September 2019: EUR 493 million) and carve-out operating profit was EUR 83 million (January-September 2019: EUR 75 million.)
Neles Corporation is planned to be created in a partial demerger of Metso, in which Metso’s Flow Control business would become the independent Neles Corporation and it would continue Metso’s listing on Nasdaq Helsinki. Simultaneously, Metso’s Minerals Business would combine with Outotec to create Metso Outotec.
The partial demerger is targeted to be completed in the second quarter of 2020, subject to the receipt of all required regulatory and other approvals. The Extraordinary General Meetings of both Metso and Outotec approved the transaction on October 29, 2019.
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 3.2 billion in 2018. Metso employs over 14,000 people in more than 50 countries.