Metso Strengthens its Engineering Capabilities in India
Metso will own 51 percent of the new company, called Metso Power India Private Limited, which will start its operations in July 2008 in Chennai. The new company will support Metso's growth strategy by providing engineering services primarily to Metso Power's global business operations, but gradually also to other Metso units. During the first year, the company will employ about 50 people.
EPT Engineering Services is one of Metso Power’s biggest global engineering subcontractors. The company has extensive engineering know-how both in power and recovery boilers as well as in evaporators, which all are Metso Power’s main products.
"This step deepens our successful cooperation and turns it into a partnership. It also enhances our resources to meet the future growth targets," says Lennart Ohlsson, president of Metso Power. Metso Power is a business line within Metso Paper business area.
“We value Metso Power’s global presence and high technology know-how, especially in the rapidly growing field of green energy," adds Mr. N. Chandrasekaran, managing director of EPT Engineering.