HELSINKI, FINLAND -- 12/02/08 --
Metso Corporation's Company release on December 2, 2008 at 9:45 a.m.
Metso Corporation and the European Investment Bank (EIB) have signed
a EUR 160 million research and development loan agreement. The total
loan amount has been subsequently drawn down. This funding is to
partly finance Metso's development and innovations related to
environmental products and services as well as other strategic R&D
programs during the years 2008-2012.
Metso's research and development aims at supporting the cost
efficiency and sustainability of our customers' business operations
as well as at improving the overall competitiveness of their
products. Metso's technologies and services provide a unique platform
for environmentally sustainable industrial processes with high
quality end products. Our R&D focuses increasingly on energy
efficiency, use of renewable resources and advanced process control
technology.
Metso has over 900 employees dedicated to R&D work. We manage
actively our intellectual property rights and have approximately
2,800 inventions protected by patents and over 200 patent
applications.
The overall loan period is seven years with semiannual installments
starting after three years in 2011.
Metso is a global supplier of sustainable technology and services for
mining and construction, power generation, automation, recycling and
the pulp and paper industries. We have over 28,000 employees in more
than 50 countries. www.metso.com
For further information, please contact:
Pekka Hölttä, Senior Vice President, Corporate Treasurer, Metso, tel.
+358 20 484 3195
Johanna Sintonen, Vice President, Investor Relations, Metso, tel.
+358 20 484 3253
Metso Corporation
Olli Vaartimo
Executive Vice President and CFO
Kati Renvall
Vice President, Corporate Communications
Distribution:
OMX Nordic Exchange in Helsinki
Media
www.metso.com
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