Bli medlem
Bli medlem

Du är här

2015-04-20

Metso Corporation: Metso receives major control valve order for petrochemical plant project in Turkmenistan

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.
Theengineering, 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 NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Metso Corporation via Globenewswire

HUG#1912396

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.