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

Metso continues to strengthen its industry-leading services presence and 
capabilities in Mining and Construction 
HELSINKI, FINLAND -- (Marketwire) -- 02/05/13 --  
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
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
develop our services capabilities in China", says Joao 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
pliers 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
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
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. 
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. , 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
(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 
For further information, please contact: 
Joao Ney Colagrossi
President, Services business line, Mining and Construction
Tel: +55 15 2102 1301
e-mail: joao.colagrossi(at) 
Liang Xiaofeng
SVP China, Mining and Construction
tel. +86 13801288953
e-mail: xiaofeng.liang(at)
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