Business News
Metso sells Metso Paper Turku Works Oy to Stairon Oy
Friday 15. May 2009 - Metso is selling the entire stock of Metso Paper Turku Works Oy to Stairon Oy. Metso Paper Turku Works Oy manufactures air systems for the pulp and paper industry.
The sale is part of Metsos current program of measures to develop its production structure, the aim of which is to secure the competitiveness of the company’s business by streamlining the operational and cost structure of its Finnish operations. The sale will have no significant impact on Metsos financial performance. The air system technology and the related business will remain in Metsos ownership.
Metso Paper Turku Works Oy employs 91 persons.
Metso Paper Turku Works Oy will be transferred to the ownership of Stairon Oy on May 15, 2009. The principal shareholder and managing director of Stairon Oy is Tapio Hussi, currently production manager at Metso Paper Turku Works Oy. In conjunction with the sale, Metso and Stairon have agreed a long-term supply contract for the manufacture of certain key products. The name of the unit will change to Stairon Works Oy immediately.
Metso Paper Turku Works Oy is located in the Pansio district of Turku. It manufactures runnability components, air dryers, heat exchangers, sound dampers, and fans and blowers for the pulp and paper industry.