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Metso Acquires Mitsubishi Paper Making Technology
Helsinki, Finland, 27 May 2008 -- Metso Paper has closed the deal with Mitsubishi Heavy Industries (MHI) over the acquisition of MHI’s paper machinery technology.

The transaction enhances Metso Paper’s technological leadership and services, especially in Asia and in Japan, where Metso Paper has opened a new office in Onomichi. More staff has been recruited in Japan to further complement Metso Paper’s extensive network of close to 50 service locations around the world in over 20 countries.

Both Metso Paper and MHI purchased rights to the intellectual property of Beloit Corporation’s paper machinery technology in 2000. Through the new acquisition, Metso Paper is now the sole owner of Beloit’s paper machinery intellectual property.

Metso is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. Its almost 27,000 employees in approximately 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry, and selected other industries.


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