PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Metso Corporation

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Metso’s Pulp, Paper and Power Business to Initiate a Cost Reduction Program to Improve its Competitiveness - Metso’s Pulp, Paper and Power business is to initiate a global cost competitiveness program to adapt to changes in the marketplace & improve profitability. The program will target an annual cost reduction of approximately EUR 100M by 2016 - Metso.com
Metso’s Pulp, Paper and Power Business to Initiate a Cost Reduction Program to Improve its Competitiveness

 

NewswireToday - /newswire/ - Helsinki, Finland, 2013/04/23 - Metso’s Pulp, Paper and Power business is to initiate a global cost competitiveness program to adapt to changes in the marketplace & improve profitability. The program will target an annual cost reduction of approximately EUR 100M by 2016 - Metso.com. MEO1V.HE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

“The program is aimed at improving our cost competitiveness in a market that is continuing to experience major structural changes,” says Pasi Laine, President of Metso’s Pulp, Paper and Power business. “We are also aiming to improve our profitability with the help of the program.”

Permanent structural changes in Metso’s Pulp, Paper and Power business’ operating environment have impacted its operations and undermined its competitiveness and profitability. The underlying reasons for the situation lie in the continuing downturn in demand for paper machinery and the growing trend towards cheaper technology solutions.

“New communications technologies are continuing to weaken the consumption of printing and writing paper grades and have been reflected in a slow-down in the market for new paper machines. A lighter cost structure and greater flexibility will be essential to competing more effectively as we move forward,” Pasi Laine says.

“In the power generating sector, we are also experiencing a slower investment cycle in Europe and a significant decrease in demand in North America due to low energy prices resulting from the increased use of shale gas. We must take action to reduce our overall costs if we are to be able to reach our targeted profitability level on new orders,” he adds.

Planning of the program will now begin in all of Metso Pulp, Paper and Power's organisations, at all locations. As planning continues and becomes more concrete, information will be made available to employees and stakeholders in due course.

Metso’s pulp, paper and power professionals (metsopaper.com) specialize in processes, machinery, equipment, services, paper machine clothing and filter fabrics. Our offering and experience cover the entire process life cycle including new production lines, rebuilds and services.

Metso (metso.com) is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries contribute to sustainability and deliver profitability to customers worldwide. Metso’s shares are listed on the NASDAQ OMX Helsinki Ltd.

For further information, please contact:
Pasi Laine, President, Pulp, Paper and Power, Metso Corporation, T: +358 20 484 3200
Harri Nikunen, CFO, Metso Corporation, T: +358 20 484 3010

Metso Corporation
Harri Nikunen, CFO
Juha Rouhiainen, VP, Investor Relations.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Metso Corporation

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Metso’s Pulp, Paper and Power Business to Initiate a Cost Reduction Program to Improve its Competitiveness

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Metso |
Publisher Contact: Press Office - Metso.com 
+358 20 484 100 metso.info[.]metso.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Metso Corporation securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Metso Corporation / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

DSM Introduces Newest High-temperature PPA, ForTii® Ace, to the Outdoor Power Equipment Market
Safran Signs First Global Framework Agreement on Corporate Social Responsibility with IndustriALL Global Union
LANXESS Introduces New Halogen-free, Flame-retardant Polyesters and Polyamides
LANXESS Adds New Closed Circuit Reverse Osmosis (CCRO) Module to its Innovative LewaPlus Design Software
Infineon Partners with Smart Wires to Shape Up Existing Grids for Renewables
SCHOTT Launches New High-powered Laser Glass with Improved Thermomechanical Strength and Optical Performance
ITT Veam to Showcase Innovative Rail Interconnect Solutions at APTA EXPO 2017
BASF Receives EPA Approval for Fourth Application of Lexicon Intrinsic Brand Fungicide
Atlas Copco Completes Divestment of Road Construction Equipment Business
Rockwell Automation Takes Manufacturing Decision-Making from Hours to Milliseconds with Industrial IoT Technologies
Tripp Lite 3-Phase Rack ATS PDUs Receive Gold Innovation Award from Cabling Industry Group
ITT Enidine to Display Vibration Isolation and Energy Absorption Solutions At Helitech 2017
Rockwell Automation to Showcase Smart Automation Technology at WEFTEC 2017
Borealis to Proceed to Next Phase for New, World-scale Propane Dehydrogenation Plant in Belgium
SCHOTT Expands U.S. Manufacturing with Investment in New Generation of Pharma Vials

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)