Metso Corporation : Metso continues to strengthen its industry-leading services presence and capabilities in Mining and

    Metso Corporation : Metso continues to strengthen its industry-leading
        services presence and capabilities in Mining and Construction

Metso Corporation's press release on February 5, 2013 at 8:00 a.m. local time

Metso is acquiring a manganese steel foundry in China

Metso is continuing to strengthen its presence in China by acquiring a
manganese steel foundry (JX) in Quzhou City, Zheijang Province some 400 km
Southwest of Shanghai. The acquisition of JX will improve our capabilities to
supply wear parts to our mining and construction industry customers in China
and other markets in Asia Pacific.

"The acquisitions of JX and Shaorui Heavy Industries Ltd. and the joint
venture with LiuGong Group Corp. Ltd, announced last November, significantly
strengthen our supply capabilities for mining and construction industries in
China. Metso now has a complete range of capital equipment and wear parts
covering a wide range of customer requirements. By acquiring a new steel
foundry in China we are able to better serve the needs of our Chinese
customers", states Andrew Benko, President, Mining and Construction, Metso.

"We already have the most extensive services hub and distribution network in
our industry. With this acquisition we will strengthen our manufacturing
presence in China and further develop our services business. We will improve
our capability to supply wear parts to our mining and construction customers
close to their operations and increase the flexibility and resilience of our
wear products supply chain. We intend to use the acquired site as platform to
further develop our services capabilities in China", says João Ney Colagrossi,
President, Services business line, Mining and Construction, Metso.

The transaction covers the acquisition of assets of Quzhou Juxin Machinery
Co., Ltd and Quzhou Chixin Machinery Co., Ltd from the current owner and his
associates. The acquired assets and approximately 275 employees are expected
to be transferred to Metso as of closing. The value of the acquisition will
not be disclosed. The transaction is subject to the relevant regulatory
approvals, which are expected in the next few months.

Metso currently has five foundries and an extensive network of external
casting suppliers serving the mining and construction industries. Our
foundries are located in Ahmedabad, India; Isithebe, South Africa; Prerov,
Czech Republic; Sorocaba, Brazil and Tampere, Finland. JX has, until now, been
a supplier to Metso.

The year 2013 marks Metso's 80-year anniversary in China. The company's first
contract from China, a paper machine delivery, was signed in 1933. Today,
Metso has a strong and well-established presence in China. Metso has recently
strengthened its presence in the Chinese construction equipment market through
a joint venture with LiuGong Group Corp. Ltd. and an acquisition of Shaorui
Heavy Industries Ltd. Our 3,200 employees in China address local customer
needs in all Metso's key customer industries, and support the sustainable
development of China's industries and infrastructure.

Metso's mining and construction professionals specialize in always bringing
the right technology, processes, machinery and services to our customers in
aggregates production, construction, mining and minerals processing.

www.metso.com/miningandconstruction

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:

João Ney Colagrossi, President, Services business line, Mining and
Construction, Metso, Tel: +55 15 2102 1301, e-mail:
joao.colagrossi(at)metso.com

Liang Xiaofeng, SVP China, Mining and Construction, Metso, tel. +86
13801288953, e-mail: xiaofeng.liang(at)metso.com

------------------------------------------------------------------------------

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#1675430
 
Press spacebar to pause and continue. Press esc to stop.