2013-02-05 07:06:23 -

Metso Corporation's press release on February 5, 2013 at 8:00 a.m. local time

Metso is acquiring a manganese steel foundry in China

Metso is continuing to strengthen its presence in China by acquiring a manganese
steel foundry (JX) in Quzhou City, Zheijang Province some 400 km Southwest of
Shanghai. The acquisition of JX will improve our capabilities to supply wear
parts to our mining and construction industry customers in China and other
markets in Asia Pacific.

"The acquisitions of JX and Shaorui Heavy Industries Ltd. and the joint venture
with LiuGong Group Corp. Ltd, announced last November, significantly strengthen
our supply capabilities for mining and construction industries in China.  Metso
now has a complete range of capital equipment and wear parts covering a wide
range of customer requirements. By acquiring a   new steel foundry in China we are
able to better serve the needs of our Chinese customers", states Andrew Benko,
President, Mining and Construction, Metso.

 "We already have the most extensive services hub and distribution network in
our industry. With this acquisition we will strengthen our manufacturing
presence in China and further develop our services business. We will improve our
capability to supply wear parts to our mining and construction customers close
to their operations and increase the flexibility and resilience of our wear
products supply chain. We intend to use the acquired site as platform to further
develop our services capabilities in China", says João Ney Colagrossi,
President, Services business line, Mining and Construction, Metso.

The transaction covers the acquisition of assets of Quzhou Juxin Machinery Co.,
Ltd and Quzhou Chixin Machinery Co., Ltd from the current owner and his
associates. The acquired assets and approximately 275 employees are expected to
be transferred to Metso as of closing. The value of the acquisition will not be
disclosed. The transaction is subject to the relevant regulatory approvals,
which are expected in the next few months.

Metso currently has five foundries and an extensive network of external casting
suppliers serving the mining and construction industries. Our foundries are
located in Ahmedabad, India; Isithebe, South Africa; Prerov, Czech Republic;
Sorocaba, Brazil and Tampere, Finland. JX has, until now, been a supplier to
Metso.

The year 2013 marks Metso's 80-year anniversary in China. The company's first
contract from China, a paper machine delivery, was signed in 1933. Today, Metso
has a strong and well-established presence in China. Metso has recently
strengthened its presence in the Chinese construction equipment market through a
joint venture with LiuGong Group Corp. Ltd. and an acquisition of Shaorui Heavy
Industries Ltd. Our 3,200 employees in China address local customer needs in all
Metso's key customer industries, and support the sustainable development of
China's industries and infrastructure.

Metso's mining and construction professionals specialize in always bringing the
right technology, processes, machinery and services to our customers in
aggregates production, construction, mining and minerals processing.

www.metso.com/miningandconstruction

Metso 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 deliver
sustainability and profitability to customers worldwide. Expect results.

www.metso.com , www.twitter.com/metsogroup

For further information, please contact:

João Ney Colagrossi, President, Services business line, Mining and Construction,
Metso, Tel: +55 15 2102 1301, e-mail: joao.colagrossi(at)metso.com

Liang Xiaofeng, SVP China, Mining and Construction, Metso, tel.
+86 13801288953, e-mail: xiaofeng.liang(at)metso.com




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Source: Metso Corporation via Thomson Reuters ONE
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