Metso

The title of this article is ambiguous. For the Finnish photographer see Juha Metso .

Metso
legal form	Joint stock company (Finland)
founding	1999
resolution	2020
Reason for dissolution	Merger of parts with Outotec and division of the company
Seat	Helsinki , Finland
management	Pekka Vauramo (President CEO)
Number of employees	approximately 12,000 (Dec. 31, 2017)
sales	2.706 million euros (2017)
Branch	mechanical engineering
Website	http://www.metso.com/de

Metso was an international technology group, based in Finland , active in the mining, construction, paper and oil industries. It employed about 12,000 people in 50 countries. Metso Corporation was founded in 1999 through the merger of Valmet and Rauma . The head office is in Helsinki . Metso consisted of three segments: Mining and Construction ( mining and construction ), Automation and Pulp, Paper and Power. Metso's main competitors were Andritz AG , Voith and Sandvik AB .

history

Metso was created on July 1st, 1999 through the merger of Valmet , a paper and board machine manufacturer, and Rauma , which had specialized in fiber technologies, rock crushing and flow control. In 1998, several companies were part of Rauma, including:

• Timberjack forest machinery
• Sunds defibrator equipment for fiber technology
• Nordberg rock shredder
• Neles Controls valve control systems

The reason for the merger was the intention to grow especially in the field of process engineering. Furthermore, as a larger company it seemed easier to survive in the international market. The scope of the business field was diversified by the merger. Critics claimed, however, that easier growth would have been achieved if the two companies had sought a partner in their main business area. Matti Sundberg, at that time the CEO of Valmet and later of Metso, later said that he originally wanted to implement the union differently. He initially intended to strengthen Valmet's core business, paper machines, through the merger. Former Rauma CEO Heikki Hakala has become Metso's new CEO. The beginnings of the new company were slow and led to a modest financial result in the first year. One of the reasons for this was that the collaboration between Heikki Hakala and Matti Sundberg turned out to be difficult. Heikki Hakala, who was actually planned as Sundberg's right-hand man, reported to the supervisory board, which Pertti Voutilainen was chairman of.

The new company had offices in 50 countries, 32,000 employees, and was active in four different business areas:

• Paper machines
• Forest machines (discontinued 2001)
• Fiber technology
• Rock crushing plants

The name for the new company was determined through an employee competition. Metso is Finnish and means wood grouse ( Tetrao urogallus ). Metso's logo is a stylized image of the wings of a wood grouse.

Heikki Hakala and Matti Sundberg soon left the management of Metso. Tor Bergmann became the company's new President and CEO in 2001. Under his leadership, net sales rose to EUR 4.7 billion in the same year; Metso had 28,500 employees at that time.

The new Metso Group was divided into the following business areas:

• Paper and fiber technology
• Process automation and control technology
• machinery

This is how Metso's main business areas came about: Metso Paper, Metso Minerals and Metso Automation. The aim of the business appropriations at the beginning of the new millennium was to expand the products and services of the Metso Paper and Metso Automation divisions. Activities outside of these areas were parted with. For example, in 2000 Metso took over a large part of the service activities and technologies for paper machines from the American paper machine manufacturer Beloit. Metso sold Timberjack, a forestry company, to Deere & Company . A year later, Metso bought the major Swedish manufacturer of equipment for minerals and mining, Svedala Industri . With the takeover of Svedala, the company also came into the possession of its subsidiary Dynapac , which was sold to Altor Equity Partners in 2004 .

Jorma Eloranta took over the helm in March 2004. One of his first activities was to redefine Metso's corporate goals. The corporate structure has been streamlined. The measures taken reduced the company's annual costs by EUR 150 million. In the period from 2004 to 2007, net sales rose from EUR 3.6 billion to EUR 6.3 billion and the profit margin increased from 5.5 percent to 9.3 percent. Under the leadership of Jorma Elorantas, Metso improved net sales and financial performance for 19 consecutive quarters (2004-2008). By 2008, Metso had become the ninth largest company in Finland, leaving other companies such as Kone , Wärtsilä and Cargotec behind.

In August 2010 Matti Kähkönen (Master of Science in Technology) was elected as the new CEO. Previously, he was the head of Metso's mining operations. In September 2012 Metso announced a workforce reduction of more than 600 Finnish employees in paper machine production. The reasons given for the cut were the company's lack of competitiveness and declining profitability in the paper division. At the same time, Metso intended to pay an extra dividend for its shareholders, but this project was withdrawn under pressure from criticism from staff and the Finnish government.

At the end of May 2013, Metso announced the spin-off of the Metso Pulp, Paper & Power division under the name Valmet .

On July 1, 2020, the mineral technology division of Metso and Outotec (spin-off from Outokumpu ) merged. The company was divided into the aggregates, mineral processing, metal refinement and recycling industry as Metso-Outotec , and the flow control area for the oil and gas, pulp, paper and bioproduct industries under the name Neles .

In June 2020 Valmet acquired 14.9% of the shares in Neles . On August 13, 2020 , Alfa Laval made a takeover offer for Neles Oyj.

organization

Metso is a technology and service provider. Today the company is divided into four business areas:

1. Metso Pulp, Paper & Power
2. Mining & Construction
3. Metso Automation
4. Metso subsidiary in the automotive industry, Valmet Automotive, - formerly Saab-Valmet

Corporate governance

CEO Pekka Vauramo was President and CEO of Metso and is also the chief executive officer of the board members.

Metso's board members (as of October 2012)

List of Metso Board Members (as of October 2012)

• Jukka Viinanen (CEO since 2009, Board member since 2008)
• Mikael von Frenckell (Deputy CEO since 2012, Board member since 2010)
• Christer Gardell (2006-)
• Ozey K. Horton, Jr. (2011-)
• Erkki Pehu-Lehtonen (2010-)
• Pia Rudengren (2009-)
• Eeva Sipilä (2012-)
• Personnel representative Eija Lahti-Jäntti

List of management positions (as of November 2018)

• Pekka Vauramo (President and CEO)
• Eeva Sipilä (CFO and Deputy CEO)
• Sami Takuloma (President of the "Minerals Consumables business area")
• Victor Tapia (President of the "Mining Equipment business area")
• Markku Simula (President of the "Aggregates Equipment business area")
• Mikko Keto (President of the "Minerals Services business Area")
• Uffe Hansen (President of the "Recycling business area")
• John Quinlivan (President of "Valves and Pumps")
• Merja Kamppari, Senior Vice President, Human Resources
• Jani Puroranta, Chief Digital Officer

Metso Pulp, Paper and Power

Metso Pulp, Paper and Power (formerly Valmet Paper Machinery) was a manufacturer of forestry machinery and related equipment. In this business area, Metso offers processes, machines, services, machine clothing and fabric filters for the pulp, paper and energy generation industries. The business line consists of four divisions (paper, fiber technology, energy and service) and is a global supplier of pulp, paper, board and tissue machines from pulp production to packaging of finished products. Metso has delivered 1,500 paper machines and around 800 pulp lines worldwide. In the first half of 2009, smaller production sites in Tampere , Turku , Oulu and Hollola were closed and the existing production units were divided between the sites in Järvenpää and Jyväskylä . In the course of this restructuring, 700 jobs were cut in the company. In 2011 the Metso Pulp, Paper and Power business area recorded net sales of EUR 2,703 million, with the largest share coming from the Services division. In 2011, Metso Pulp, Paper and Power had 12,525 employees.

Products and services

• Machines and plants for pulp production
• Plants for mechanical production of high yield pulp
• Paper, board and tissue machines
• Power plant boilers, recovery boilers, evaporation systems, flue gas cleaning
• Fabrics and filters for the pulp, paper, power generation and mining industries

Customers

• Paper, cardboard and tissue producers
• Pulp mills and mechanical pulp producers
• Manufacturers of industrial power generators, municipal utilities and utilities

Company takeovers

• Canadian Dominion Engineering Inc
• Karlstads Mekaniska Werkstad KMW (today Metsos Department Karlstad )
• Tampella paper machinery
• Wärtsilä paper machinery (now Metso's factory in Järvenpää )
• A. Ahlström Oy's paper machine manufacture (was sold to the Mesera company)
• Beloits (paper machine technology only)
• Mitsubishi 's (paper machine technology only)
• Rotomec SpA
• Straightener
• Appleton
• Tamfelt Oyj
• Valmet-Xian

competitor

Metso's biggest competitors in the pulp and mining industry since the bankruptcy of the American company Beloit in 1999 have been the Austrian company Andritz AG and the German company Voith Paper . In 2008 Metso acquired additional know-how from Mitsubishi and their shares in Beloit's paper machine technology. In energy generation, Metso's biggest competitors are Alstom , Austrian Energy & Environment and Foster Wheeler .

Metso Mining and Construction

Metso Bergbau und Konstruktionen supplied technologies and machines for mining and for processing minerals. The divisions are divided into Minerals Processing Solution, Crushing and Screening Equipment and Services. In 2011, services were the division with the highest turnover of € 1.389 billion. In contrast, net sales of Minerals Processing Solution were € 906 million and Crushing and Screening Equipment € 465 million in the same year. In 2001 the Swedish Svedala Industri AB was acquired by the former Oy Lokomo AB factories in Tampere . In Colorado Springs, Colorado USA, Metso's Process Technology Center develops virtual machines based on multi-physics models.

Products and services

• Grinding machines and grinding solutions
• Shredding machines and shredding solutions, process solutions
• Mobile shredders and barriers
• Solutions for moving bulky material

Customers

Construction and mining industries.

competitor

The main competitors in the mining industry were: FL Smidth , Outotec and ThyssenKrupp , and in the construction industry: Terex , Atlas Copco , Caterpillar and Sandvik .

Metso Automation

Metso Rautpohja factory in Jyväskylä , Finland

Products and services

• Process automation systems
• Analyzers and measuring systems

Customers

Metso Automation's customers came mainly from the power generation and oil, gas, pulp, paper, mining and construction industries.

competitor

Metso's competitors in the field of automation systems included a. ABB and Honeywell , in valve manufacturing it is Emerson Process Management , General Electric and Flowserve .

Other lines of business

Materials management

Metso's materials management dealt with the development of metallic materials and has contributed to the CERN LHC and ITER project.

Valmet Automotive

Valmet Automotive produces convertibles, electric cars and “premium cars”. In 2012 the company had 1700 employees in Finland, Germany, Poland, Sweden, China and the USA.

recycling

Metso Recycling offers metal and waste recycling equipment. On October 25, 2012, Metso announced that Metso Recycling would be integrated into the Mining and Construction division on December 1, 2012.

shares

Metso's shares were listed on the Helsinki Stock Exchange . The shares were previously traded on the New York Stock Exchange, but since September 14, 2007, the shares have been traded on the over-the-counter (OTC) market.

owner

As of September 2012:

• Solidium Oy 11.1%
• Cevian Capital Ii Master Fund LP 6.8%
• Ilmarinen Mutual Pension Insurance Company 4.0%
• Varma Mutual Pension Insurance Company 2.6%
• The State Pension Fund 1.3%
• Nordea Funds 1.0%
• Mandatum Life Insurance Company Limited 0.9%
• Svenska litteratursällskapet i Finland rf 0.8%
• OP Funds 1.1%
• The Local Government Pensions Institution 1.0%
• Nominee-registered shares accounted for 38.8% of the total shares.

Divestments

In September 2008 Metso sold 83% of its foundry division in Karlstad / Sweden to the investment group Primaca Kapitalanlagegesellschaft. The foundry with 120 employees was sold for a total of EUR 15 million. The foundry in Karlstad specializes in the manufacture of wind turbines, diesel engine blocks and Yankee cylinders for paper machines.

Recognitions and awards

In 2012 Metsos employee Mika Viljanmaa was awarded the Marcus Wallenberg Prize endowed with 2 million Swedish kronor (225,000 euros). This award is often referred to as the “Nobel Prize for the Timber Industry”. Mika Viljanmaa has developed 120 patents, 57 of them in the field of metal strip technology. The award was given to him for his developments in the field of metal belt calendering . Metal belt calendering improves the surface properties of paper, increases production efficiency, reduces the consumption of raw fiber materials and enables printing and drying applications. Initial research experiments and tests with this new technology were carried out from 1996 to 2000, and in 2006 it was first used in industry. The absolute production capacity of metal belt calendering now amounts to 2.2 million tons per year.

Web links

• Company website

Individual evidence

1. ↑ ^{a b} Financial Statements review 2014 . Metso. February 2, 2018. Retrieved February 2, 2018.
2. ↑ https://www.metso.com/siteassets/documents/2017/english/metso_2017_financial_statements_review.pdf
3. ↑ Metso: Financial review 2017. In: metso.com. Metso, January 12, 2017, accessed September 18, 2018 . 
4. ↑ Our history on Metso's website . Metso. Archived from the original on November 16, 2012. Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 22, 2012. 
5. ^ ^{A b} Metso Corporation Company on Hoover's website . Hoovers.com. Retrieved October 29, 2012.
6. ↑ ^{a b} Our businesses at a glance on Metso's website . Metso. Archived from the original on November 16, 2012. Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 22, 2012. 
7. ↑ ^{a b} Our history The late 1990's - Metso is born on Metso's website . Metso. Archived from the original on December 3, 2013. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 22, 2012. 
8. ↑ Our history 21st century - Acquisitions and divestments on Metso's website . Metso. Archived from the original on November 26, 2011. Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 22, 2012. 
9. ↑ _http: //www.equipmentworld.com/metso-completes-sale-of-dynapac-to-altor/
10. ^ Metso to adjust its Finnish operations in response to structural change and weaker demand in the paper industry on Metso's website . Metso. Archived from the original on October 21, 2012. Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 29, 2012. 
11. ^ Metso Corporation bows to pressure and cancels planned extra dividend on International edition of Helsingin Sanomat . Helsingin Sanomat. Retrieved October 29, 2012.
12. ↑ Matti Kähkönen and Harri Nikunen: Update on the potential demerger. (PDF; 2 MB) (No longer available online.) Metso Corporation, May 31, 2013, archived from the original on August 18, 2013 ; accessed on September 10, 2014 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.   
13. ↑ https://www.metso.com/de/metso-zukunft/ Metso Outotec and Neles
14. ↑ Valmet completes 14.9% ownership acquisition of Neles. In: valmet.com. July 1, 2020, accessed on August 15, 2020 . 
15. ↑ Alfa Laval commences the recommended public cash tender offer for all shares in Neles on August 13, 2020. In: alfalaval.com. August 13, 2020, accessed on August 15, 2020 . 
16. ↑ Management - Metso . In: Metso (ed.): Metso . ( metso.com [accessed March 2, 2018]).
17. ^ Board of Directors on Metso's website . Metso. Archived from the original on November 8, 2012. Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 22, 2012. 
18. ↑ Management - Metso . In: Metso . ( metso.com [accessed November 21, 2018]).
19. ^ Pulp, Paper and Power on Metso's website . Metso. Archived from the original on July 5, 2012. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 22, 2012. 
20. ↑ About Metso's Pulp, Paper, Power segment on Metso's website . Metso. Archived from the original on July 5, 2012. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved April 4, 2012. 
21. ↑ Beloit on Metso's website . Metso. Archived from the original on August 25, 2012. Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 29, 2012. 
22. ↑ ^{a b c} Mining and Construction on Metso's website . Metso. Archived from the original on February 9, 2013. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 22, 2012. 
23. ^ High-tech modeling contributes to more sustainable mining machines . Archived from the original on March 11, 2011. Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved December 28, 2010. 
24. ↑ Automation on Metso's website . Metso. Archived from the original on February 9, 2013. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 22, 2012. 
25. ^ Metso Materials Technology website . Metso. Archived from the original on August 10, 2009. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved July 8, 2009. 
26. ^ Metso Materials Technology and CERN LHC . Metso. Archived from the original on March 31, 2014. Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved July 8, 2009. 
27. ^ Metso Materials Technology and ITER . Metso. Archived from the original on March 31, 2014. Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved July 8, 2009. 
28. ↑ ^{a b} Metso share on Metso's website . Metso. Retrieved October 29, 2012.
29. ↑ ^{a b} Top shareholders on Metso's website . Metso. Archived from the original on October 31, 2012. Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 29, 2012. 
30. ↑ ^{a b} Metso to divest majority of Metso Foundries Karlstad in Sweden to Primaca Group on Metso's website . Metso. Archived from the original on December 13, 2012. Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 29, 2012. 
31. ↑ ^{a b c} Resource saving metal belt calendering giving better paper surface awarded the 29th Marcus Wallenberg Prize on The Marcus Wallenberg Foundation's website . The Marcus Wallenberg Foundation. Retrieved October 29, 2012.