HELSINKI, Oct. 30, 2013 (Press Release) - The EMEA (Europe, the Middle East and Africa) area organization of Metso's Pulp, Paper and Power business, the future Valmet, has completed statutory negotiations concerning its operations in Finland. The negotiations began on August 5, 2013.
The negotiations were part of a global cost competitiveness program launched by Metso in April 2013. The program aims at a reduction of approximately EUR 100 million in the annual costs of the Pulp, Paper and Power business by 2015.Read more
GRAZ, Austria, Oct 30, 2013 (Press Release) -Read more
HELSINKI, Oct. 24, 2013 (Press Release) - Metso's Board of Directors has appointed Harri Nikunen (b. 1955) as Metso's Executive Vice President and Deputy to the CEO as of November 1, 2013. In addition to his new duties, Mr. Nikunen will continue as Metso's Chief Financial Officer (CFO), a position he has held since March 2011; he has been employed by the company since 1986.
Metso's former Executive Vice President and Deputy to CEO, Pasi Laine, has been appointed President and CEO of Valmet Corporation, the new company to be created in Metso's partial demerger.Read more
WINTERTHUR, Switzerland, Oct. 21, 2013 (Press Release) - Sulzer Pumps has acquired Tartek Oy, a specialist in development, manufacture, repair and maintenance of high quality mechanical seals. With this acquisition, Sulzer Pumps further expands its technology portfolio and is well positioned to provide extended seal offerings to customers in the pulp and paper, power, water, general and chemical process industries.Read more
HELSINKI, Oct. 24, 2013 (Press Release) - Metso has started a global efficiency program covering its continuing operations following the demerger. The program is designed to improve Metso's cost structure and operational efficiency and is expected to yield annual savings of around EUR 100 million in operational costs by the end of 2015. The majority of this total is expected to be achieved during 2014.
According to Metso's President and CEO Matti Kähkönen, efficiency improvements are needed to secure Metso's competitiveness going forward.Read more
HOUSTON, Oct. 14, 2013 (Press Release) - WM Recycle America, LLC, has entered India's recovered paper market through a new exclusive representation agreement with Vishal Dhawan, president of Vishal Dhawan Enterprises Inc.
With the largest network of recycling facilities, brokerage accounts and a growing presence in export markets, WM Recycle America has chosen to strategically market its recovered fiber directly to India paper mills and converters to better service them.Read more
AMSTERDAM, The Netherlands, Oct. 21, 2013 (Press Release) -Read more
HELSINKI, Oct. 17, 2013 (Press Release) - Simo Sääskilahti (M.Sc. Engineering, M.Sc. Economics) has been appointed Senior Vice President, Strategy and Business Development for Metso Group. He will also be a member of Metso Executive team.
His responsibilities include Metso's strategy and business development and mergers & acquisitions. He will start in his new position on November 1, 2013 and report to Matti Kähkönen, President and CEO of Metso.Read more