Click here for Pulp & Paper Radio International
The Paperitalo Library
Free Downloads
My Profile
Metso Divests Certain Panelboard Operations to Dieffenbacher
Helsinki, Finland, 09 January 2008 -- Metso has concluded an agreement to divest the panelboard business in Nastola, Finland, and MDF business in Sundsvall, Sweden, to Dieffenbacher GmbH + Co. KG, Germany.

The transaction value is not disclosed. The transaction is estimated to be closed by the end of January 2008. The divestment is in line with Metso Paper’s strategy to develop its profitability.

The refiner-related operations in Sundsvall, Sweden, will remain in Metso’s ownership and are not included in the transaction. This unit, with its 40 employees, will continue to supply fiber preparation technology to the global MDF industry as a part of Metso Paper.

The panelboard operations in Finland, with all its 60 employees, and in Sweden, with its 40 remaining employees, will be transferred to Dieffenbacher.

Metso Panelboard, a part of Metso Paper business area, has been going through an improvement program since 2006, and has been able to improve its profitability and operational efficiency.

Dieffenbacher GmbH + Co. KG, Germany, develops and manufactures press systems and complete production systems for the wood-based panel industry. The 2006 turnover was EUR 260 million and the group employs over 900 people worldwide.

Metso is a global engineering and technology corporation with 2006 net sales of approximately EUR 5 billion. Its 26,000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry, and selected other industries.


Related Articles:

Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: