Helsinki (Finland) - Componenta Corporation has signed an agreement with Metso Foundries Jyväskylä Oy to transfer technology for Metso’s automatic moulding line to Componenta. Metso Foundries Jyväskylä Oy will discontinue production on this line by 30 September 2008.
The cooperation agreement signed will enable to continue to supply castings to Metso’s customers without disruption during the transition period and afterwards. The agreement does not involve transferring personnel or equipment.
Componenta’s objective with this agreement is to increase business on its existing production lines.
Metso Foundries Jyväskylä’s automatic moulding line has had an yearly output of about 10,000 tonnes. Componenta has production lines for similar-sized products at Karkkila in Finland, at Weert in the Netherlands and at Orhangazi in Turkey, and these had a combined output of approximately 100,000 tonnes and net sales of EUR 135 million in 2007.