Displaying items by tag: Metso Group

Metso will rebuild the folding boxboard machine at the San Juan del Río mill of Cartones Ponderosa, S.A. de C.V. in Mexico. The start-up of the rebuilt machine is scheduled for the second quarter of 2012. The value of the order will not be disclosed. The order is included in Paper and Fiber Technology’s Q2 2011 orders received.


Metso's delivery will include rebuilds of the coating and drying sections. Drying capacity will be increased with two impingement dryers enabling both a production and a speed increase. Replacing the coating station with a curtain coater and a new coating color supply system will further improve the folding boxboard quality.


Cartones Ponderosa, S.A. de C.V. located in San Juan del Río is the leading producer of coated cardboard in Mexico. The company produces more than 50% of the total Mexican recycled coated board made, and is the only exporter in its field.

Published in South American News
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The Annual General Meeting of Metso Corporation approved today the Financial Statements for 2010 and decided to discharge the members of the Board of Directors and the President and CEO of Metso Corporation from liability for the financial year 2010. In addition, the Annual General Meeting approved the proposals of the Board of Directors to authorize the Board of Directors to resolve on a repurchase of company’s own shares and on a share issue.


The Annual General Meeting decided that a dividend of EUR 1.55 per share will be paid for the financial year which ended on December 31, 2010. The dividend will be paid to shareholders who on the record date April 4, 2011 have been registered as shareholders in the company’s shareholder register maintained by Euroclear Finland Ltd. The dividend will be paid on April 12, 2011.


Jukka Viinanen was elected Chairman of the Board and Maija-Liisa Friman was elected Vice Chairman of the Board. Ozey K. Horton, Jr. was elected as a new member of the Board. The Board members re-elected were Mikael von Frenckell, Christer Gardell, Yrjö Neuvo, Erkki Pehu-Lehtonen and Pia Rudengren. The term of office of Board members lasts until the end of the next Annual General Meeting.


The Annual General Meeting decided that the annual remunerations for Board members be EUR 92,000 for the Chairman, EUR 56,000 for the Vice Chairman and for the Chairman of the Audit Committee and EUR 45,000 for the members and that the meeting fee including committee meetings be EUR 600 for those members whose place of residence is in Nordic countries, EUR 1,200 for those members whose place of residence is elsewhere in Europe and EUR 2,400 for those members whose place of residence is outside of Europe for each meeting they attend. The Annual General Meeting decided that 40 percent of the annual remuneration be paid in company’s shares purchased from the market. The shares will be purchased directly on behalf of the members of the Board within two weeks from the release of the Interim Review January 1 −March 31, 2011.


The auditing company, Authorized Public Accountant PricewaterhouseCoopers Oy was re-elected to act as an Auditor of the Corporation until the end of the next Annual General Meeting.


The Annual General Meeting decided to establish a Nomination Board of the Annual General Meeting to prepare proposals for the following Annual General Meeting regarding the composition of the Board of Directors and director remuneration. Representatives of the four largest shareholders are elected to the Nomination Board and the Chairman of the Board of Directors shall be an expert member of the Nomination Board.


The minutes of the Annual General Meeting will be available on Metso’s website at www.metso.com as of April 13, 2011.

Published in Financial News
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Metso will continue its collaboration with the WWF (World Wide Fund for Nature) by supporting the goals and activities related to the main theme of the WWF’s 50th anniversary, the Year of Forests. Metso and four other main collaboration partners support the WWF program aiming to stop global deforestation and to conserve the biodiversity of Finnish forests. The collaboration aims to diversify current forest management practices and to increase forest management methods that mimic the structural characteristics of natural forests.

 

The Year of Forests project aims to spark a dialogue about how companies and consumers alike can impact forest conservation and maintain forest diversity through the choices they make. Additionally, Metso is participating in a forum about the role of Finnish forests in the mitigation of climate change. Based on the dialogue, a discussion paper will be prepared that highlights the opportunities and challenges related to the role of Finnish forests in the mitigation of climate change and bioenergy production. The discussion paper will outline the different views on the direction of Finnish forest management with consideration also to the ecological, social and economic sustainability and their potential in the effective mitigation of climate change.

 

 

Metso and WWF have been collaboration partners for several years. During this time Metso has supported WWF’s Operation Mermaid campaign to save the Baltic Sea and the Naturewatch program related to environmental education for students.

 

 

Metso engages in collaboration and supports its collaboration partners’ projects in the areas of youth work, environment and nature conservation, as well as science, research and education. Our collaboration with universities is tight, and we aim to support also vocational training and youth work especially in emerging markets. For example, in Sorocaba, Brazil, we support a project that gives underprivileged youth vocational training in the metal sector. Already 360 young people have taken part in the training program that began in 1990. Additionally, Metso is a partner in the SOS Children’s Villages in Faridabad, India, and in Vereeniging and Rustenberg, South Africa.

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A Tissue Technology Award has been established by Metso to promote university students’ and scientists’ work on energy efficient innovations applicable to the tissue making industry.

A prize amount of totally 25,000 USD will be awarded for the best innovations.

The Tissue Technology Award will be given every second year and the first winners will be announced at the Tissue World conference in Nice, France, in 2013.

A sovereign jury will appoint the winners according to a specific selection process. The jury is formed by representatives from Karlstad University, Sweden, the Energy Square organization and Metso’s Tissue business line.

“Energy efficiency is a crucial issue for the tissue industry globally and it takes a wide perspective and open minds to explore new areas for innovation,” says Marco Marcheggiani, President, Tissue business line, Metso. ”Being the clear market and technology leader in tissue Metso wants to stimulate innovative work also outside our own organization by this award.”

Detailed information about the Metso Tissue Technology Award including application regulations can be found at www.metso.com/tissueaward.

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Metso will rebuild the existing PM 1 tissue line of Syktyvkar Tissue Group, JSC at their Syktyvkar mill in the republic of Komi in Russia. The first stage of the rebuild of the line is scheduled to be completed at the end of this year. The value of the order will not be disclosed.


Metso will rebuild the PM 1 tissue line to be of the Advantage DCT 100 type, similar to the mill’s PM 2 tissue line built by Metso. Metso’s delivery will in the first stage comprise a Metso deinking line with stock preparation equipment, an Advantage DCT 100 former section including an OptiFlo II TIS headbox, a press section, an Advantage AirCap hood and a reel. The delivery will also comprise Metso QCS and DCS systems.


The 2.7-meter-wide PM 1 tissue machine is designed for a speed of 1,600 m/min and the line for a daily production of 75 tons of tissue.


The tissue industry in Syktyvkar, since 2005 operated by Syktyvkar Tissue Group, has been present in the paper and tissue business for more than 20 years and is today one of the best known companies on the Russian market for tissue products. The company employs more than 420 people, and annually produces approximately 40 000 tons of tissue.

Published in Press Releases

Metso is donating 20,000 euros to the Finnish Red Cross to help the victims of the earthquake and tsunami in Japan.


A strong earthquake occurred near the eastern coast of Japan on March 11, 2011. The earthquake and the ensuing tsunami caused widespread damage on the eastern part of Honshu Island. Thousands of people have been confirmed dead or are still missing. Additionally, the situation at the nuclear plants, damaged by the earthquake and tsunami, is still unstable.


Metso has a total of 116 employees working at five sites in Japan: Tokyo, Yokohama, Osaka, Okayama and Kitakami. Based on the information we have, no Metso employees were injured in the earthquake or tsunami, but some of the sites have suffered minor damage from the earthquake.


We encourage our employees to support the victims of the earthquake and tsunami in Japan through Red Cross and Red Crescent disaster relief funds. Additional information is available at http://www.ifrc.org/japan or at national web sites of Red Cross or Red Crescent.

Published in Press Releases
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Thursday, 03 March 2011 10:14

Metso renewed its vision, mission and values

Based on a profound internal process during the past year, Metso is clarifying the basis of its operations. The new vision, mission and values, launched today, communicate what is Metso’s shared goal, why the company exists and how Metso will achieve its goals.


Matti Kähkönen, Metso’s new President and CEO comments: “Already today Metso’s position in the markets is strong and our financial situation and strategy are on solid footing. Our operating environment is constantly changing, and driving the need for us to continuously renew and improve our operations. Our vision, mission and operating more strongly according our values will further our renewal.”


New vision, mission and values

Metso’s renewed vision is “Working as One to be Number One.” Working as one means working closely within the company, with customers and with other key stakeholders. To be number one means creating added value for stakeholders in everything we do.


Metso’s renewed mission, the purpose of our operations, emphasizes sustainable solutions: “We contribute to a more sustainable world by helping our customers to process natural resources and recycle materials into valuable products.” In accordance with the mission, Metso is committed to working together with customers and being an active participant in building a more sustainable world.


Metso’s renewed values are: Driving customer success, seeking innovations, performing together, and respecting each other.

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Metso and Suzano Papel e Celulose S.A. are in advanced negotiations towards concluding a contract for the supply of all main pulp making technology for the 1.5 million tonnes greenfield pulp mill of Suzano Papel e Celulose, to be built in the state of Maranhão in the northeastern part of Brazil. Start-up is scheduled for the first half of 2013. At this point of the negotiations the value of the delivery is not disclosed.


Suzano Papel e Celulose is a forestry-based company and one of the largest vertically integrated producers of pulp and paper in Latin America. The company’s main products, sold on the domestic and international markets, are eucalyptus pulp, printing and writing paper and paperboard.

Published in South American News
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Metso has strengthened its world-leading advanced controls groups for chemical pulping, mechanical pulping and recycled fiber and paper by forming a new Performance Solutions group, which is the largest single group in the pulp and paper industry focusing on process improvement and optimization. Metso Performance Solutions guarantee measureable economic results to help the pulp and paper industry enhance processes in a sustainable way.


Performance Solutions consists of experienced advanced control and optimization professionals worldwide, all with in-depth knowledge of processes and automation. Together, the group has implemented more than 300 applications.


The majority of Metso’s Performance Solutions applications is to help customers reduce quality variability, debottleneck processes, and reduce chemical and energy costs. The focus of the new group is to provide the most comprehensive offering in the industry by utilizing Metso’s extensive project implementation experience and long-term system performance sustainability.

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Metso has today issued its Corporate Governance Statement 2010. The statement is prepared in accordance with the recommendation of the Finnish Corporate Governance Code.


Metso Corporate Governance Statement 2010 as a PDF is attached in this release.


The corporate governance statement is available below via direct download

Published in European News
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