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Metso Releases Interim Review for ‘09

Tuesday, July 28, 2009  
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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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