Metso Paper acquires Mitsubishi Heavy Industries’ paper machinery technology
February 16, 2008 By Pulp & Paper Canada
Metso Paper and Mitsubishi Heavy Industries (MHI) have reached an agreement under which MHI’s paper machinery techn…
Metso Paper and Mitsubishi Heavy Industries (MHI) have reached an agreement under which MHI’s paper machinery technology will be transferred to Metso Paper. Subject to regulatory approvals, the transaction enhances Metso Papers services business especially in Japan, states a Metro press release.
The arrangement will ensure continuous technical support for MHI customers, says Metso. Metso Paper will start serving the customers immediately after the agreement has become effective. MHI will attend to their present order backlog, and Metso Paper will take over the customer service after MHI contractual obligations have been fulfilled.
Metso is a global engineering and technology corporation with 2007 net sales of approximately EUR 6 billion. Its nearly 27,000 employees in 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. www.metso.com
Print this page