Metso Corporation's press release on April 12, 2012 at 10:00 a.m. local time
Metso opens a new valve supply and service center in Vadodara, India. The new supply center supports company's strategy to grow valve business globally and strengthens Metso's service capabilities in India for major petrochemical, energy, and oil and gas companies such as Reliance Industries Ltd, Indian Oil Corporation, Technip, Praxair India Pvt Ltd and PRAJ Industries Ltd.
"The market in India is growing. Last year we doubled our order intake for valves and related services, and expect the good development to continue. Establishing a new supply center to India is a step going forward in widening manufacturing and service capabilities in India'', says Alok Kishore, Country Manager India, Metso Automation.
This investment is in line with Metso's long-term strategy to develop and expand its valve offering, delivery and service capabilities for customers in oil and gas, power, pulp and paper industries. It was preceded by a series of investments in Metso's global offering and presence. Last month Metso announced acquiring a valve technology and service company, Valstone Control Inc. in South Korea. Currently Metso is expanding its valve production premises in the US. Last year, Metso opened a new valve technology center in Finland. In 2010 Metso opened a new valve facility in Shanghai, China. Metso also has high-class industrial valve facilities in Brazil and Germany.
The new valve supply center is located in Vadodara city, 400 km north of Mumbai in the state of Gujarat, where Metso's service center has been in operation for more than two years. The state of Gujarat has the fastest growing economy in India, and it is also one of the most industrialized states, having per capita GDP almost the double of the national average. The industrial city of Vadodara houses major customers and engineering, procurement and construction companies such as Reliance Industries Ltd., Indian Oil Corporation, L&T and Linde.
Experienced in valves
Metso is the leading valve solutions and services provider. Metso's Flow Control solutions include control valves, automated on/off and emergency shut-down valves, as well as smart positioners and condition monitoring. Metso's world- leading brands include Neles, Jamesbury and Mapag.
Due to Metso's strong position in advanced valves technology, services are a major part of the offering. For example, customers like Petrobras and Arcelor Mittal have awarded Metso with large service contracts. For valve customers alone, Metso already has 31 service centers around the globe on top of this new one now being opened in India.
The Automation segment's process automation and flow control solutions meet the growing needs of Metso's customer industries to improve production process efficiency as raw materials and energy sources become scarcer and their costs increase. Our global network of service experts delivers business solutions to our customers that improve their productivity, lower risks and optimize costs.
www.metso.com , www.twitter.com/metsoautomation
Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries deliver sustainability and profitability to customers worldwide. Expect results.
www.metso.com , www.twitter.com/metsogroup
For further information, please contact:
Alok Kishore, Country Manager, India, Automation, Metso, tel. 91 98111 51180
Jukka Packalen, Head of the Supply Centers and Warehousing, Automation, Metso, tel. 358 400 481 985
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Metso Corporation via Thomson Reuters ONE [HUG#1601758]
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