On 27 October 2009, Metso announced the decision to invest in special valves production in Finland. On 2 June 2010, the foundation stone on the new Metso industrial valves factory was laid in Vantaa. The Finnish production of Metso’s industrial valves and personnel in automation and power generation in the Helsinki region, all together 800 people, will move to new factory and to adjoined office building at the beginning of 2011.
The new facility is a continuation in the line of investment decisions to develop Metso’s services globally. The builder of the new Vantaa factory is Sponda Plc, real estate investment company.
Metso will lease about 23,000m2 of production facilities under a long-term agreement with Sponda which is also leasing to Metso some 12,000sq/m of office and warehouse premises in the office building next to the new building. The relocation is estimated to result in one-time costs of about EUR 4 million.