March 30, 2007 - Metso Automation has received a valve order from Chiyoda-Technip Joint Venture formed by Chiyoda Corporation, Japan and Technip, France (“CTJV”). The value of the order is well over EUR 10 million, which is the biggest single valve order in the company’s history. Metso Automation will deliver automated on-off ball valves to CTJV for incorporation into a major oil and gas project in Qatar where CTJV is the EPC (engineering, procurement and construction) contractor for the project. Metso Automation specializes in automation and information management application networks and systems, field control technology and life cycle performance services. Its main customers are the pulp and paper industry as well as the power, energy, and oil and gas industries.
With 3,300 employees, Metso Automation operates worldwide through sales and customer support units in 34 countries across Europe, North and South America, Asia and Africa. In 2006, Metso Automation’s net sales were EUR 613 million. Metso is a global engineering and technology corporation with 2006 net sales of approximately EUR 5 billion. Its 25,500 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.