Business News

Metso Group to donate funds to Finnish universities

Friday 17. September 2010 - Metso Corporation's Annual General Meeting on March 30, 2010 authorized the Board of Directors to decide on a donation of a maximum of EUR 2.5 million to universities.

On the basis of the decision made by the Annual General Meeting, Metso has decided to grant a donation of EUR 1.9 million to Aalto University Foundation. Metso is directing donations to other universities as follows:
Tampere University of Technology’s TUT Foundation EUR 350,000
University of Jyväskylä EUR 100,000
Åbo Akademi University EUR 50,000
Lappeenranta University of Technology EUR 50,000
University of Oulu EUR 50,000

With these decisions, the donation authorization granted by the Annual General Meeting has been exercised in full.

“Metso appreciates its cooperation with frontline universities around the world. These donations strengthen the new financing model aligned together by the Finnish government and the economic life to support the ability of Aalto University and four other Finnish universities to provide internationally competitive research and education” assesses Metso’s President and CEO Jorma Eloranta.