SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
[January 20, 2003]
Metso Corporation
(Translation of registrants name into English)
Fabianinkatu 9 A,
PO Box 1220
FIN-00101
Helsinki, Finland
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F | X | Form 40-F | ||||
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes | No | X | ||||
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82 - .
SIGNATURES | ||||||||
METSO HYDRAULICS SALE TO SAMPO-ROSENLEW HAS BEEN CLOSED |
SIGNATURES
Date January 20, 2003
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf of the undersigned, thereunto duly authorized.
Name:
Sakari Tamminen Executive Vice President & CFO Metso Corporation |
Harri Luoto Senior Vice President, General Counsel Metso Corporation |
METSO HYDRAULICS SALE TO SAMPO-ROSENLEW HAS BEEN CLOSED
(Helsinki, Finland, January 20, 2003) Metso Corporation (NYSE: MX; HEX: MEO) has finalized the divestment of its hydraulic power transmission unit, Metso Hydraulics. The unit was transferred to Sampo-Rosenlew Oy on January 17, 2003. Metso is focusing on services and processes for pulp and paper industry and rock and minerals crushing and related automation, and will divest its non-core oprations.
Annual net sales of Metso Hydraulics totals approximately EUR 18 million and the amount of personnel amounts to 120 persons.
Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket services. The Corporations core businesses are fiber and paper technology (Metso Paper), rock and mineral processing (Metso Minerals) and automation and control technology (Metso Automation). In 2001, the net sales of Metso Corporation were EUR 4.3 billion and the personnel totaled approximately 30,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.
For additional information, please contact:
Erkki Pylvänäinen, President, Metso Drives, tel. +358 204 84 7600
Juhani Kyytsönen, Sr. V.P., Corporate Development, Metso Corporation,
tel. +358 204 84 3142
or
Helena Aatinen, Senior Vice President, Corporate Communications, Metso
Corporation, tel. +358 20 484 3004
USA: Mike Phillips, Senior Vice President, Finance and Administration, Metso
USA, Inc.,
tel. +1 617 369 7850.