Metso Corporation’s press release on May 27, 2020 at 9:15 a.m. EEST
The future Neles Corporation is holding its first Capital Markets Day today, Wednesday, May 27. A direct webcast from the fully virtual event begins at 1:00 p.m. EEST.
The event will cover themes such as Neles’ end markets, business prospects, cornerstones of the strategy as well as mid-term financial targets. The event will also showcase how Neles’ mission-critical products are used in a number of process industries globally as well as bring a deeper understanding of the offering and technologies of Neles.
In his opening speech, Olli Isotalo, President and CEO of the future Neles, will highlight the company’s positioning and future growth opportunities. “Over the years, Neles has been able to develop capabilities that put us among the global leaders in the valve and valve automation business. We have now defined a strategy for profitable growth to further leverage our key assets as a focused flow control company.”
The presentation materials and recording of the event will be published on May 28th at www.metso.com/nelescmd2020.
About future Neles Corporation
The future Neles Corporation is a well-known flow control solutions and services provider to the oil and gas refining, pulp, paper and bioproducts industries, chemicals and other process industries. Neles employs about 2,900 people and has operations in approx. 40 countries. Neles’ sales for 2019 were EUR 660 million and operating profit was EUR 93 million.
Neles Corporation is planned to be created in the partial demerger of Metso, in which Metso’s Flow Control business would become the independent Neles Corporation and would continue Metso’s listing on Nasdaq Helsinki. Simultaneously, Metso’s Minerals Business would combine with Outotec to create Metso Outotec.
The completion of the transaction is currently expected to take place on June 30, 2020, subject to the receipt of all required regulatory and other approvals, including competition clearances. The Extraordinary General Meetings of both Metso and Outotec approved the transaction on October 29, 2019.
Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 3.6 billion in 2019. Metso employs over 15,000 people in more than 50 countries. metso.com, twitter.com/metsogroup
For more information, please contact
Simo Sääskilahti, Chief Financial Officer, future Neles Corporation, tel. +358 50 3863234
Kaisa Voutilainen, Head of Communications and Marketing, future Neles Corporation, tel. +358 400 188414, e-mail: email@example.com