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Metso Corporation [2] (natively Metso Oyj) was a Finnish industrial machinery company focusing on providing technology and services for mining, aggregates, and oil and gas, recycling, pulp and paper and other process industries. On 30 June 2020, Metso's partial demerger and combination of Metso Minerals business unit and Outotec took place.
At the end of June 2020, Neles was separated from Metso. The State of Finland sold its share of 15 per cent to Valmet. [5] In mid-July, the Swedish company Alfa Laval made an offer to buy Neles. Valmet's CEO Laine rebuked the board of Neles for ill-advised actions and accepting a price that was too low.
In 1971, the world's first production machinery for three-metre wide conveyor belts was purchased. Since 1999, conveyor and processing belts, even up to a width of 4.5 metres, have been made using a calendering process. Over time, several hundred different belt types with specific characteristics for various industries and applications have ...
Metso Corporation (natively Metso Oyj) [2] is a Finnish publicly traded company that was established in 2020 when Outotec and Metso Minerals merged. [3] The company is focusing on providing technology and services for mining, aggregates, recycling and metal refining industries. [4] The European Commission accepted Metso's and Outotec's merger ...
Four ex-employees of Merrill and Houston combine to form a new company. They name the new company Beloit Iron Works. The new company has 10 employees and 4 working officers. 1886 Beloit Iron Works work force increases to 48 persons. 1889 Beloit Iron Works work force increases to-100 persons. Fred Messer, the president dies.
In July 2019, it was announced that Metso Minerals and Outotec would merge in 2020 into a new large mineral company called Metso Outotec. At the same time, the remaining Metso was transformed into Neles. [3] The company started operations on 1 July 2020. [3] Valmet acquired 14.9 percent of Neles' shares on 1 July 2020. [4]
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