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{{Copyvio |timestamp=20240423020039 |url=Various foreign sources. Presumptive, see [[Wikipedia:Contributor copyright investigations/Jjanhone]]}} |
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{{Short description|Finnish industrial machinery company}} |
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{{About|the defunct Finnish corporation|the company founded in 2020|Metso (2020–present)|the library in Tampere called 'Metso'|Tampere Central Library|the surname|Metso (surname)}} |
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{{Use dmy dates|date=August 2020}} |
{{Use dmy dates|date=August 2020}} |
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{{paid contributions|date=March 2021}} |
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{{other|Metso (surname)}} |
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{{Infobox company |
{{Infobox company |
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| name = Metso |
| name = Metso Corporation |
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| native_name = Metso Oyj |
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| native_name_lang = fi |
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| image = Metso Rautpohja factory.jpg |
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| logo = Metso.svg |
| logo = Metso.svg |
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| logo_size = |
| logo_size = 220px |
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| type = [[Osakeyhtiö#Julkinen osakeyhtiö|Julkinen osakeyhtiö]] |
| type = {{Lang|fi|[[Osakeyhtiö#Julkinen osakeyhtiö|Julkinen osakeyhtiö]]}} |
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| traded_as = {{OMX| |
| traded_as = {{OMX|HEX36695|METSO}} |
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| foundation = {{start date |
| foundation = {{start date|1999}} |
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| defunct = {{End date|2020|7|1}} |
| defunct = {{End date|2020|7|1|df=yes}} |
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| predecessor = [[Valmet]], [[Rauma Oy]] |
| predecessor = [[Valmet]], [[Rauma Oy]] |
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| location_city |
| location_city = [[Helsinki]] |
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| location_country = [[Finland]] |
| location_country = [[Finland]] |
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| key_people = [[Mikael Lilius]] <small>([[Chairman]])</small>, Pekka Vauramo |
| key_people = [[Mikael Lilius]] <small>([[Chairman]])</small>, Pekka Vauramo <small>(President and [[chief executive officer|CEO]])</small> |
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| industry = [[Industrial machinery]] |
| industry = [[Industrial machinery]] |
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| products = Industrial company serving the [[mining]], [[construction]], [[recycling]], [[oil and gas]], [[pulp (paper)|pulp]], [[paper]] and [[process industries]] |
| products = Industrial company serving the [[mining]], [[construction]], [[recycling]], [[oil and gas]], [[pulp (paper)|pulp]], [[paper]] and [[process industries]] |
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| revenue = {{increase}} €3.6 billion <small>(2019)</small><ref name="FS2019">{{cite web |url=https://www.metso.com/siteassets/documents/2019/metso-financial-statements-review-2019_eng.pdf |
| revenue = {{increase}} €3.6 billion <small>(2019)</small><ref name="FS2019">{{cite web |url=https://www.metso.com/siteassets/documents/2019/metso-financial-statements-review-2019_eng.pdf |title=Financial Statement 2019 |accessdate=6 February 2020 |publisher=Metso}}</ref> |
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| operating_income = {{increase}} €418 million <small>(2019)</small><ref name="FS2019">{{cite web |url=https://www.metso.com/siteassets/documents/2019/metso-financial-statements-review-2019_eng.pdf |
| operating_income = {{increase}} €418 million <small>(2019)</small><ref name="FS2019">{{cite web |url=https://www.metso.com/siteassets/documents/2019/metso-financial-statements-review-2019_eng.pdf |title=Financial Statement 2019 |accessdate=6 February 2020 |publisher=Metso}}</ref> |
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| num_employees = 15,000 <small>(end 2019)</small> |
| num_employees = 15,000 <small>(end 2019)</small> |
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| homepage = [http://www.metso.com/ www.metso.com] |
| homepage = [http://www.metso.com/ www.metso.com] |
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}} |
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'''Metso Oyj''' was a Finnish [[industrial machinery]] company focusing on providing technology and services for [[mining]], [[Construction aggregate|aggregates]], and [[Petroleum industry|oil and gas]], [[recycling]], [[pulp and paper]] and other process industries. |
'''Metso Corporation'''<ref>{{Cite web |url=https://www.valmet.com/media/news/neles-news-archive/metso-corporation-and-outotec-oyj-will-complete-the-combination-of-outotec-and-metsos-minerals-business/ |title=Metso Corporation and Outotec Oyj will complete the combination of Outotec and Metso's Minerals business |date=2020 |website=[[Valmet]] |access-date=16 October 2023}}</ref> (natively '''{{Lang|fi|Metso Oyj|italics=no}}''') was a Finnish [[industrial machinery]] company focusing on providing technology and services for [[mining]], [[Construction aggregate|aggregates]], and [[Petroleum industry|oil and gas]], [[recycling]], [[pulp and paper]] and other process industries. |
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On 30 June 2020, Metso's partial demerger and combination of Metso Minerals business unit and [[Outotec]] took place. |
On 30 June 2020, Metso's partial demerger and combination of Metso Minerals business unit and [[Outotec]] took place.<ref name="mogroup.com">{{Cite web|title=Metso Corporation's partial demerger has been registered – Metso Corporation and Outotec Oyj have completed the combination of Metso's Minerals business and Outotec|url=https://www.mogroup.com/news/2020/6/metso-corporations-partial-demerger-has-been-registered--metso-corporation-and-outotec-oyj-have-completed-the-combination-of-metsos-minerals-business-and-outotec/|access-date=8 July 2020|website=Metso Outotec|language=en}}</ref><ref>{{Cite web|title=Metso Corporation's partial demerger has been registered|url=https://www.neles.com/company/media/news/2020/6/metso-corporations-partial-demerger-has-been-registered/|access-date=8 July 2020|website=Neles.com|language=en}}</ref> Two new companies started operations on 1 July 2020: [[Neles]] and [[Metso Outotec]].<ref>{{Cite web |title=Valmet completes 14.9% ownership acquisition of Neles |url=https://www.valmet.com/media/news/press-releases/2020/valmet-completes-14.9-ownership-acquisition-of-neles/ |access-date=2022-07-20 |website=www.valmet.com |language=en}}</ref> |
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== History == |
== History == |
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Metso was created on 1 July 1999 through the merger of Valmet, a paper and board machine supplier, and Rauma, which focused on fiber technology, rock crushing and flow control solutions. |
Metso was created on 1 July 1999 through the merger of Valmet, a paper and board machine supplier, and Rauma, which focused on fiber technology, rock crushing and flow control solutions. |
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In 1998 |
In 1998,Rauma's businesses included: |
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* Timberjack forest machines |
* Timberjack forest machines |
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# [[Rock crushing]] plants |
# [[Rock crushing]] plants |
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The name for the new company was sought in an employee contest. There were |
The name for the new company was sought in an employee contest. There were three suggestions for the name Metso among the total 6,500 suggestions. All the three who had suggested the name Metso received a monetary prize. Metso is the Finnish word for [[Wood Grouse]], also known as The Western Capercaillie (Tetrao urogallus), Heather Cock or Capercaillie. Wood Grouse is found across Europe lives e.g. in Finnish pine forests. Metso's logo mimics the shape of the wings of a Wood Grouse.<ref>{{cite web|url=http://www.metso.com/corporation/about_eng.nsf/WebWID/WTB-041026-2256F-E4845?OpenDocument#.Uu5fT_bmVhA|title=The late 1990s – Metso is born on Metso's website|accessdate=6 February 2014|publisher=Metso|url-status=dead|archiveurl=https://web.archive.org/web/20131203070757/http://www.metso.com/corporation/about_eng.nsf/WebWID/WTB-041026-2256F-E4845?OpenDocument#.Uu5fT_bmVhA|archivedate=3 December 2013}}</ref> |
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===2000s=== |
===2000s=== |
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=== 2020 partial demerger and combination of Metso Minerals and Outotec === |
=== 2020 partial demerger and combination of Metso Minerals and Outotec === |
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In July 2019, it was announced that Metso and [[Outotec]] are planning to combine Metso’s Minerals business unit with Outotec. Their combination is complementary and the new company, [[Metso Outotec]] will leverage their strengths. The new company’s headquarters will be in Finland and it will maintain its listing on Nasdaq Helsinki. Before the transaction can be completed, the approval is needed by a majority of two-thirds of votes cast and shares represented at the respective EGMs of Metso and Outotec, as well as regulatory approvals.<ref name="immining20190704">{{Cite web|date=4 July 2019|title=Metso and Outotec to join together in |
In July 2019, it was announced that Metso and [[Outotec]] are planning to combine Metso’s Minerals business unit with Outotec. Their combination is complementary and the new company, [[Metso Outotec]] will leverage their strengths. The new company’s headquarters will be in Finland and it will maintain its listing on Nasdaq Helsinki. Before the transaction can be completed, the approval is needed by a majority of two-thirds of votes cast and shares represented at the respective EGMs of Metso and Outotec, as well as regulatory approvals.<ref name="immining20190704">{{Cite web|date=4 July 2019|title=Metso and Outotec to join together in 'industry-shaping combination'|url=https://im-mining.com/2019/07/04/metso-outotec-join-together-industry-shaping-combination/|access-date=22 July 2019|website=International Mining|language=en-GB}}</ref> |
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All regulatory approvals were received by 18 June 2020<ref>{{Cite web|title=Outotec Oyj and Metso Corporation have received all regulatory approvals for the combination of Outotec and Metso Minerals – completion expected to take place on June 30, 2020|url=https://www.mogroup.com/news/2020/6/outotec-oyj-and-metso-corporation-have-received-all-regulatory-approvals-for-the-combination-of-outotec-and-metso-minerals--completion-expected-to-take-place-on-june-30-2020/|access-date=8 July 2020|website=Metso Outotec|language=en}}</ref> and partial demerger was registered on 30 June 2020<ref |
All regulatory approvals were received by 18 June 2020<ref>{{Cite web|title=Outotec Oyj and Metso Corporation have received all regulatory approvals for the combination of Outotec and Metso Minerals – completion expected to take place on June 30, 2020|url=https://www.mogroup.com/news/2020/6/outotec-oyj-and-metso-corporation-have-received-all-regulatory-approvals-for-the-combination-of-outotec-and-metso-minerals--completion-expected-to-take-place-on-june-30-2020/|access-date=8 July 2020|website=Metso Outotec|language=en}}</ref> and partial demerger was registered on 30 June 2020.<ref name="mogroup.com"/> Metso Outotec and Neles started operations on 1 July 2020. |
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=== 2020s === |
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In July 2023, it was announced Metso had acquired the [[Perth]]-headquartered bulk material handling company Brouwer Engineering.<ref>{{Cite web |date=2023-07-24 |title=Metso acquire Brouwer Engineering |url=https://agg-net.com/news/metso-acquire-brouwer-engineering |access-date=2023-08-09 |website=agg-net.com |language=en}}</ref> |
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==Organization== |
==Organization== |
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Metso's share was listed on the [[Helsinki Stock Exchange]].<ref name="MetsoShare">{{cite web|url=http://www.metso.com/corporation/ir_eng.nsf/WebWID/WTB-041108-2256F-D9065?OpenDocument&mid=C0C34C1787A9F733C22575AE0044E755|title=Metso share on Metso's website|accessdate=29 October 2012|publisher=Metso|archive-url=https://web.archive.org/web/20130117042338/http://metso.com/corporation/ir_eng.nsf/WebWID/WTB-041108-2256F-D9065?OpenDocument&mid=C0C34C1787A9F733C22575AE0044E755|archive-date=17 January 2013|url-status=dead}}</ref> The share was previously traded also on the [[New York Stock Exchange]], but the listing there ended on 14 September 2007 and now, in the US, it is exchanged on the [[Over-the-counter (finance)|over-the-counter (OTC) market]].<ref name="MetsoShare"/> |
Metso's share was listed on the [[Helsinki Stock Exchange]].<ref name="MetsoShare">{{cite web|url=http://www.metso.com/corporation/ir_eng.nsf/WebWID/WTB-041108-2256F-D9065?OpenDocument&mid=C0C34C1787A9F733C22575AE0044E755|title=Metso share on Metso's website|accessdate=29 October 2012|publisher=Metso|archive-url=https://web.archive.org/web/20130117042338/http://metso.com/corporation/ir_eng.nsf/WebWID/WTB-041108-2256F-D9065?OpenDocument&mid=C0C34C1787A9F733C22575AE0044E755|archive-date=17 January 2013|url-status=dead}}</ref> The share was previously traded also on the [[New York Stock Exchange]], but the listing there ended on 14 September 2007 and now, in the US, it is exchanged on the [[Over-the-counter (finance)|over-the-counter (OTC) market]].<ref name="MetsoShare"/> |
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Starting from 1 July, Metso's share is continued by Neles. |
Starting from 1 July, Metso's share is continued by Neles. |
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===Shareholders=== |
===Shareholders=== |
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==References== |
==References== |
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{{ |
{{Reflist}} |
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== External links == |
== External links == |
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*{{ |
*{{Official website|http://www.metso.com/}} |
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{{Portal|Companies}} |
{{Portal|Companies}} |
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{{Authority control}} |
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[[Category:Engineering companies of Finland]] |
[[Category:Engineering companies of Finland]] |
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[[Category:Manufacturing companies of Finland]] |
[[Category:Manufacturing companies of Finland]] |
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[[Category:Manufacturing companies based in Helsinki]] |
[[Category:Manufacturing companies based in Helsinki]] |
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[[Category:Companies listed on the Helsinki Stock Exchange]] |
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[[Category:Mining equipment companies]] |
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[[Category:Manufacturing companies established in 1999]] |
[[Category:Manufacturing companies established in 1999]] |
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[[Category:Manufacturing companies disestablished in 2020]] |
[[Category:Manufacturing companies disestablished in 2020]] |