Metso to Sell Some Järvenpää Functions to Walpella
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Metso Paper, Finland, this week agreed to sell its parts manufacturing, automation manufacturing, internal goods receiving logistics, and warehouse functions at its Järvenpää unit in Finland to Walpella Oy of Finland. The parties plan to complete the transfer of business by November 30. The value of the deal was not disclosed.
Personnel of the respective operations, 87 people in all, will transfer to the new employer under their existing employment contracts. Metso's unit in Järvenpää has a total of more than 900 employees.
The deal includes the machinery and equipment for manufacturing. The buyer will continue to operate in Metso's premises as a contract manufacturer making equipment for Metso.
The sale is part of Metso Paper's efforts to develop its production structure to improve customer service and competitiveness amid the toughening global competition.
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