Metso to build a valve technology center in South Korea

Summary

January 22, 2014 - Metso will build a green-field global valve technology center in Chungju, South Korea. The investment will strengthen Metso's control valve and service capabilities for customers in the oil & gas and power industries, both locally and globally. The new facility will be ready to begin global deliveries in September 2014. In addition to manufacturing, the new center will feature state-of-the-art control valve testing facilities and engineering services to ensure flexible and timely deliveries worldwide. The new center will also house research and development, engineering, and service support units for South Korean EPC companies, which play a major role in many projects worldwide. Metso has an ambitious growth strategy to develop its valve business. The new technology center investment in South Korea is a natural continuation of Metso's previous investments in global valve manufacturing capabilities, which saw a valve technology center opened in Shanghai in 2010 and a similar center opened in Finland in 2011. These were followed in 2012 by the inauguration of a new valve supply and service center in India, and the completion of expanded valve production premises in the US. The new technology center builds on the foundation provided by the globe valve technology and service company that Metso acquired in South Korea in 2012. Additionally, Metso operates cutting-edge industrial valve technology and supply centers in Brazil and Germany.