Metso - Wikipedia. Metso Oyj. Public company. Traded as. Nasdaq Helsinki: MEO1. VOTCQX: MXCYYIndustry. Industrial machinery. The Rockwell Software RSLogix family of PAC and PLC programming software can help you maximize performanc and save project development time.Browse HPCL stock discussion, ideas, questions and answers online at Moneycontrol.com. Browse Reliance Comm stock discussion, ideas, questions and answers online at Moneycontrol.com. Atlas Copco Industrial Tools provides industrial power tools and systems, industrial assembly solutions, quality assurance products, software and service. Complete line of compressed air system products: screw compressors, portable compressors, rotary lobe blowers, air treatment products, and air piping. Introduction. Please note that most of these Brand Names are registered Trade Marks, Company Names or otherwise controlled and their inclusion in this index is. Predecessor. Valmet, Rauma Oy. Founded. 19. 99; 1. Headquarters. Helsinki, Finland. Key people. Mikael Lilius(Chairman), Matti K. The company employs 1. Metso’s shares are listed on the NASDAQ OMX Helsinki, Finland. In 2. 01. 3, Metso demerged into two separate companies: Metso Corporation and Valmet Corporation. Metso was created on July 1, 1. Valmet, a paper and board machine supplier, and Rauma, which focused on fiber technology, rock crushing and flow control solutions. In 1. 99. 8 Rauma’s businesses included: Timberjack forest machines. Sunds Defibrator fiber technology equipment. Nordberg rock crushers. Neles Controls valve- control systems. The new company had overlapping operations and to some extent the same customer base too. The purpose of the merger was the will to grow particularly in process technology. For a bigger company it seemed to be easier to survive better in international markets. The company’s scope of business became more diversified than before and there were critics of the merger saying that easier growth would have been achieved if the two companies would have each acquired a competitor in their own core business sector. The new company had offices in 5. Paper machines. Forest machines (divested in 2. Fiber technology. Rock crushing plants. The name for the new company was sought in an employee contest. There were 3 suggestions for the name Metso among the total 6 5. All the three who had suggested the name Metso received a monetary prize. Metso is the Finnish word for Wood Grouse, also known as The Western Capercaillie (Tetrao urogallus), Heather Cock or Capercaillie. Wood Grouse is found across Europe lives e. CLOSED FOR MAINTENANCE! Sorry for the inconvenience, we are working to get everything up and running as soon as possible For registration of software please contact;. Forkliftaction.com Site Map - List all forum discussions: Materials Handling Online: Industry News & Whispers Established in 1949, Atlas Copco Canada has leading positions in sales, service and marketing of air and gas compressors, portable compressors, generators, mining and. Metso’s logo mimics the shape of the wings of a Wood Grouse. Tor Bergman became the new President and CEO in 2. In 2. 00. 1, Metso’s net sales were EUR 4. The new Metso Group was divided into three business areas: Fiber and Paper Technology. Automation and Control Technology. Machinery. The merger of Valmet and Rauma had given direction to the company’s future focus on. Pulp, paper and energy production technologies. Equipment needed for the construction, mining and recycling industries. Automation and control systems for the process industry. This formed Metso’s three main business areas: Metso Paper. Metso Minerals. Metso Automation. Business operations outside the core businesses were divested. For example, in 2. Metso acquired the roll cover business and paper machine servicing operations, including paper machine technologies, from the American paper machine manufacturer Beloit (corporation), and the American John Deere aka Deere & Company acquired the forest machine manufacturer Timberjack from Metso. In 2. 00. 1, Metso acquired the Swedish Svedala Industri AB, a manufacturer of rock and minerals processing equipment. In 2. 00. 2, Metso announced that it would not achieve its profit targets for two years, and a loss in excess of EUR 3. July–September. The reason for difficulties was Svedala. In 2. 00. 3, a loss of over EUR 2. September 2. 00. 3, President and CEO Bergman was forced to resign because of the company’s poor results. Jorma Eloranta was selected as Bergman's successor. He started in March 2. Between 2. 00. 4 and 2. Metso’s net sales increased from EUR 3. EUR 6. 3 billion, and the profit margin rose from 5. During Eloranta’s tenure, Metso increased its net sales and improved its financial performance for 1. Metso’s business functions had divided into three sectors (Metso Paper, Metso Minerals and Metso Automation) with over 2. EUR 6. 4 billion. In fact, at that point, it was Metso’s best year ever in terms of operating profit and net sales, but the rapidly weakened market situation in the second half of the year forced Metso to initiate sizable measures to adjust its operations. By 2. 00. 8, Metso had become Finland’s ninth largest company and the number of Metso shareholders had increased from 2. Metso strengthened its market position and service capacity in growing markets, particularly in India and China. During 2. 00. 8, the expansions to the Ahmedabad foundry and the Bawal factory in India were completed. Metso also purchased the paper machine technology of Japanese Mitsubishi Heavy Industries’ (MHI), making Metso the sole owner of Beloit’s paper machinery intellectual property globally. In September 2. 00. Metso sold 8. 3% of its foundry in Sweden to an investment group assembled by the Primaca investment company. The Metso Foundries Karlstad unit specialized in casts of wind power components, diesel engine blocks and Yankee cylinders for paper machines. By 2. 00. 9, half of Metso’s orders received in 2. In the same year, Metso entered into a combination agreement with Tamfelt, one of the world’s leading suppliers of technical textile. Subsequently, Metso made a public exchange offer for all of Tamfelt’s shares. In the first half of 2. Metso laid off over 7. Tampere, Turku, Oulu and Hollola. The operations of the shut- down units were integrated with the J. Metso’s strategy for the 2. Matti K. Previously, K. Despite the global economic uncertainty, Metso’s profitability grew steadily in 2. The services business, with a value of over three billion euros, accounted for about 4. In September 2. 01. Metso announced the need for a personnel reduction of more than 6. Finnish employees in several of its business units serving the paper industry and paper production. The reason for the reductions is structural change in the industry and due to that the weakening of paper business unit’s competitiveness and profitability: competition has increased, demand for paper machine and foundry products has weakened. Customers want cheaper solutions than before. Metso had planned to give extra dividend for its shareholders but after the decision of paying dividends while cutting staff was criticized e. In the same year, Metso acquired the Korean valve manufacturer Valstone Control Inc., U. S. On September 1, 2. Metso announced that the Recycling business would be managed as a separate entity while Metso reviews other strategic alternatives for it. As part of this process, Metso evaluated both external and internal options. On October 2. 5, 2. Metso announced that Metso Recycling will be integrated into Mining and Construction as of December 1, 2. As a result of this arrangement, Valmet Automotive ceased to be a Metso subsidiary. Board member since 2. Christer Gardell (Vice Chairman since December 3. Board member since 2. Ozey K. The business sector was formed in 1. Valmet Automation and Neles Controls, a manufacturer of valves and flow control systems.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
August 2017
Categories |