Metso Releases Interim Review for ‘09
Tuesday, July 28, 2009
Metso received
new orders worth 1.02 billion euros in April-June. The value of the orders was
down by 41% from the comparison period. Orders received decreased in all
of the reporting segments from the comparison period. Previously received
orders equaling some 228 million euros were cancelled from the order backlog,
of which the majority is related to Zhanjiang Chenming pulp mill order
cancellation.
Orders
received decreased by over one third in the Automation business line. This was
mainly due to the heavy investment budget cuts in the paper and pulp and energy
industries. Metso is constructing new plant and office premises for the
Automation business line in Shanghai, China. More…
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