Metso strengthens its power automation position in China by entering into a joint venture
(Thomson Reuters ONE) -
Metso Corporation's press release on August 3rd, 2011 at 12:00 a.m. local time
Metso is joining forces with SAC, Guodian Nanjing Automation Co., Ltd
(previously State Automation Company), to strengthen its position in the power
automation control systems market in China. The new joint venture will
concentrate on developing the digital power plant concept focusing especially on
the Chinese market.
Metso will own 33 % and SAC will own 67 % of the joint venture. The joint
venture will support Metso's target to offer proven, cost-effective power
automation control solutions for the Chinese markets. The new company will
manufacture and market Metso's maxDNA automation technology and SAC's digital
power plant products. Furthermore the joint venture will develop new products
and provide comprehensive after-sales services. The joint venture will have over
300 employees in China.
"By joining forces we gain share in the Chinese power market. We have already
over 140 power units controlled by our systems in China", comments Metso's Steve
Gandy, Vice President Sales and Operations, Energy and Process Systems in Asia.
Metso has provided maxDNA systems to more than 700 power plants worldwide. Metso
is one of the eight DCS companies recommended by the former State Power Ministry
in China. The new company will start its operations following official approval
by the required Chinese authorities.
SAC is a public company owned 58% by Huadian Power International Corporation
Limited, one of the five biggest power producing companies in China.
Metso is a global supplier of sustainable technology and services for mining,
construction, power generation, automation, recycling and the pulp and paper
industries. We have about 29,000 employees in more than 50 countries.
www.metso.com
For further information for the press, please contact:
Sakari Ruotsalainen, President, Process Automation Systems, Automation business
line, Metso, tel. +358 20 483 8933
Steve Gandy, Vice President Sales and Operation, Energy and Process Systems in
Asia, Automation business line, Metso, tel. +1 215 393 4149
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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 Thomson Reuters ONE
[HUG#1535860]
Unternehmensinformation / Kurzprofil:
Datum: 03.08.2011 - 11:01 Uhr
Sprache: Deutsch
News-ID 56937
Anzahl Zeichen: 2931
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 150 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Metso strengthens its power automation position in China by entering into a joint venture"
steht unter der journalistisch-redaktionellen Verantwortung von
Metso Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
