Metso has received an arbitration award in its favor amounting to EUR 10 million plus around EUR 2 million in interest. The arbitration process was related to a large project delivery in Turkey. The arbitration tribunal denied substantially the claims made against Metso and its decision is final. Metso will book the amount awarded in its financial statements when the payment has been received.
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.
www.metso.com , www.twitter.com/metsogroup
Tuesday, 21 February 2012 21:00
Metso receives an arbitration award of EUR 10 million
Written by Ianadmin
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