Metso receives major control valve order for petrochemical plant project in Turkmenistan
(Thomson Reuters ONE) -
Metso receives major control valve order for petrochemical plant project in
Turkmenistan
Metso Corporation's press release on April 20, 2015, at 11:00 a.m. EEST
Metso has received a large control valve order for Turkmenistan's national oil
and gas company Turkmengas's petrochemical plant project. The delivery includes
standard and severe service globe valves and butterfly valves ranging in size
from 1/2" to 20" from the Neles(®) and Jamesbury(®) product portfolios. Metso
is also providing Neles(®) ND9000 intelligent valve controllers, which have the
capability for advanced performance follow-up.
The order for the plant was placed by Hyundai Engineering Co. Ltd., a leading
Korean engineering, procurement and construction company that provides
engineering and construction solutions for plant projects. Once operational in
2018, Turkmengas's petrochemical plant project will primarily produce high-
density polyethylene and polypropylene by using natural gas.
Metso is a value-adding partner for all project key stakeholders, including
operators, engineering, procurement and construction contractors, and original
equipment manufacturers.
"We are glad that Hyundai Engineering relies on our expertise. We have delivered
valve solutions to more than 100 projects led by Korean EPC companies. Metso's
valves are widely used in petrochemical processes; today, about 40 percent of
world's polyolefin is flowing through our valves," says Markus Hauhia, Director,
Globe Valves, Metso.
The order is included in the first-quarter 2015 orders received by Metso. The
value of the order will not be disclosed. Metso's valves will be delivered in
August 2015.
Reliable valve solutions are critical components in petrochemical processes
Metso has a strong position in control valves for petrochemical, chemical, oil &
gas, and power customers through its well-known Neles rotary control valves,
globe valves, and intelligent valve controller offering. In a typical
petrochemical or refinery project, Metso's product range covers up to 90% of the
needed valves.
Metso's highly qualified control valve range, proven industry experience and
valve production capabilities are concrete benefits for customers. Neles globe
valves offer an innovative and fundamentally simple construction with excellent
operational and maintenance features to optimize and secure process performance
at the lowest cost. The valves in a petrochemical or refinery process must
withstand significantly demanding process conditions, such as high pressure and
temperature, toxic and corrosive fluid, vibration and pressure shock under
normal service conditions, and they must meet all safety requirements.
Valve operations network is geographically widespread
The new globe valve technology center in South Korea was commissioned at the end
of 2014. It is ideally located in the growing Korean market amongst Korean EPC
companies that play a key role in many projects worldwide.
Metso has a total of eight valve technology centers around the world. It has
world-class valve production facilities located in Finland, the United States
(two facilities), Germany, China, South Korea, India and Brazil. Over the last
few years, the company has resolutely expanded and developed its valve
production facilities.
Metso's extensive flow control services offering covers business solutions and
services that optimize equipment use and cost of ownership. Today, Metso has
more than 40 valve and field device service centers worldwide.
Turkmenistan's national oil and gas company, Turkmengas, is implementing a USD
3 billion petrochemical plant project, which is expected to be commissioned in
2018. The groundbreaking ceremony for the project was held in April 2014. The
engineering, procurement, construction and commissioning (EPCC) contractor for
Turkmengas's project is the consortium of Hyundai Engineering, Hyundai
Engineering & Construction (HEC), LG International (LGI) and Toyo Engineering
Corporation. The front-end engineering and design (FEED) studies for the project
were also performed by the consortium.
Metso is the world's leading industrial company in the mining and aggregates
industries and in the flow control business. Our knowledge, people and solutions
help drive sustainable improvements in performance and profitability in our
customers' businesses.
Metso has an uncompromising attitude towards safety. Our products range from
mining and construction equipment and systems to industrial valves and controls.
Our solutions are delivered and supported by decades of process knowledge and a
broad scope of services backed by a global footprint of over 90 service centers,
thousands of service employees, and an extensive logistics network.
Metso is listed on the NASDAQ OMX Helsinki, Finland. In 2014, Metso's net sales
totaled EUR 3.7 billion. Metso employs approximately 14,000 industry experts in
more than 50 countries. Expect results.
www.metso.com, www.twitter.com/metsogroup
For further information, please contact:
Markus Hauhia, Director, Globe Valves, Flow Control, Metso tel.
+82 438 527 708, email: markus.hauhia(at)metso.com
Jussi Ollila, Vice President, Global Marketing and Communications, Metso
Corporation, tel. +358 20 484 3212, email: jussi.ollila(at)metso.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Metso Corporation via GlobeNewswire
[HUG#1912396]
Unternehmensinformation / Kurzprofil:
Datum: 20.04.2015 - 10:02 Uhr
Sprache: Deutsch
News-ID 386792
Anzahl Zeichen: 6447
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Metso receives major control valve order for petrochemical plant project in Turkmenistan"
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