2008-02-19 Manufacturing News

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Metso acquires Mitsubishi paper machinery technology biz

Metso Paper and Mitsubishi Heavy Industries have reached an agreement under which their paper machinery technology will be transferred to Metso Finland and Japan.

Mitsubishi Heavy Industries, Ltd. (MHI) has concluded an agreement with Metso Paper, Inc. of Finland and its Japanese subsidiary, Metso Paper Japan Co., Ltd. under which MHI's paper machinery technology will be transferred to both companies.

Under the deal, MHI will transfer its entire pulp and paper machinery business, including after-sales services. The transfer will also include technical documents, designs and intellectual property rights to the equipment concerned. For machinery still within the warranty period, including machinery yet to be delivered or under installation, MHI will be responsible until the warranty expiration date. In transferring its business, MHI will retain its current employees and redeploy them within the company's Paper & Printing Machinery Division.

MHI's pulp and paper machinery business includes pulp machinery, stock preparation equipment, papermaking machinery and coaters. Since its entry into the pulp and paper machinery market in 1951, MHI has provided an array of high-speed and high-quality machinery and equipment, as well as related engineering work, to meet the market's needs. The company has now opted to transfer its pulp and paper machinery business to Metso Paper, a global leader in this industry, and its Japanese subsidiary in order to further promote selection of focused business areas and concentration of its business resources into those areas.

Being a supplier of a full range of pulp and paper machinery, Metso Paper, a successor of Valmet and Rauma pulp and paper machinery businesses, undertakes operations and production in 28 countries. Its products and services are handled by 24 sales units and more than 40 service centers at points around the globe.

MHI chose Metso Paper as the most suitable counterpart to transfer its business for several reasons. First, MHI and Metso Paper jointly own the patents and intellectual property rights to paper machinery technology of the former Beloit Corporation of the U.S.A. Second, as just noted Metso Paper and its group companies have numerous production and service centers worldwide and can provide high-level after-sales services for machinery MHI has already delivered to its customers. With the transfer of business from MHI, Metso Paper will mainly benefit by expanding its business through after-sales servicing of machines previously delivered by MHI.

MHI will attend to their present order backlog, and Metso Paper will take over the customer service after MHI contractual obligations have been fulfilled.

The arrangement will ensure continuous technical support for MHI customers. Metso Paper will start serving the customers immediately after the agreement has become effective. The transfer, which is subject to approval by concerned authorities, is scheduled to take place effective March 31, 2008.

Metso Paper Inc., Helsinki, Finland - Manufacture, sale and servicing of pulp and paper machinery, including tissue paper and panel board production machinery, and boilers for power generation systems and environmental systems, mainly for the pulp and paper industry.

Metso Paper Japan Co., Ltd., Tokyo, Japan - Engineering and servicing in Japan for papermaking machinery, finishing machinery, pulp machinery, causticizing plants and control systems.

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