Metso acquires Korean valve company to enter stop valve business

Introduction: Metso acquired Valstone Control Inc., a South Korean valve company. , Enter the cut-off valve business market and enhance its products and services in the oil, gas, and power sectors. The acquisition allows Metso to expand its products and services in the oil, gas and power sectors with the help of globe valve technology, providing customers with better valve technology and responding to stringent operating conditions such as extreme temperatures and pressures.

ValstoneInc. Is a private stop valve company. Valstone's products are widely recognized by customers in the Korean engineering, design and construction (EPC) industry, petrochemical and power generation industries.

The addition of globe valve products has expanded Metso's Valval globe valve series to Metso's existing portfolio of control valves, making Metso one of the world's most competitive control valve suppliers.

Metso has very ambitious goals in the development of valve products and services. This acquisition is part of Metso's global investment plan to achieve Metso's growth commitment. Last year, Metso established a new valve technology center in Finland. In 2010, Metso opened a new valve factory in Shanghai, China, and is currently expanding its valve production facilities in the United States and building a new supply and service center in Vadodara, India. In addition, Metso also has high-end industrial valve R&D and production facilities in Brazil and Germany.

Markku Simula, President of Metso's automated fluid control product line, said: “This is a strong signal that we send to our global customers. In the valve business area, we have continuously developed and implemented our long-term strategy to continuously improve our technology products and services to benefit our customers. To help them obtain more advanced equipment and respond to increasing operational pressures and demands.”

Enhancing its position in the Asia-Pacific market The successful acquisition of Valstone strengthens Metso’s position in the Asia-Pacific market, which is one of Metso’s rapidly growing areas for valve products and services. In particular, this acquisition has enabled Metso to gain key advantages and further increase its share of the Korean domestic market. Through the enrichment of product lines, Metso is now able to provide Korean customers with more comprehensive products and services.

In addition, Metso can further develop and strengthen its cooperation with leading companies in the Korean engineering, design and construction (EPC) industry. In recent years, South Korea's design and construction companies have captured considerable market share through major project contracts, especially in the rapidly growing Middle East.

MarkkuSimula added: "Another clear advantage is that we are now able to get close contact with South Korea and its EPC companies. As an important Metso partner, we can provide them with widely recognized and proven technologies. These companies are new When the project selects major suppliers, our advantages will become very clear."

Valve Experience Metso is a leading valve solutions and service provider. Metso's fluid control solutions include control valves, automatic on/off and emergency shut-off valves, as well as smart positioners and equipment condition monitoring equipment. Metso's world-leading brands include Neles, Jamesbury and Mapag.

Due to the strong position of Metso in the field of high-end valve technology, service is an important part of Metso's business. For example, customers like Petrobras and ArcelorMittal have awarded Metso's important service contracts. Valstone will enhance Metso's service capabilities in the Korean market. Just for valve customers, Metso has 31 service centers globally, and a new valve supply and service center will be put into use in India this spring.

Valstone's production and office facilities are located in Chungju, South Korea. Valstone’s net sales are less than 10 million euros.