Metso investment in South Korea

In the December INSIDER, page 2, Metso reported a breakthrough, with new orders in the South Korean energy market for boiler control systems. They now are following this up with investment into a new green-field global valve technology centre in Chungju, South Korea, to open in September. It is anticipated that this will strengthen the Metso control valve and service capabilities for customers in the oil and gas and power industries. The new centre will also house research and development, engineering, and service support units for South Korean EPC companies, which play a major rôle in many projects worldwide. 

The new technology centre builds on the foundation provided by the globe valve technology and service company that Metso acquired in South Korea in 2012. This investment is a continuation of the ambitious growth strategy to develop the Metso valve business, which saw a globe valve technology centre opened in Shanghai in 2010 and another opened in Finland in 2011. In 2012 there followed in a new valve supply and service centre in India, and the completion of expanded valve production premises in the USA. Cutting-edge industrial valve technology and supply centres are operating in Brazil and Germany, and there are also 55 service hubs and 30 valve service centres around the world.

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