Metso announced on January 22, 2014 the decision to invest in a new greenfield Neles globe valve technology center in South Korea. The groundbreaking ceremony for the new plant was celebrated April 22 in Chung-Ju, South Korea. The new factory will be ready for global deliveries during the last quarter of 2014.
The new plant will serve oil & gas and power customers both locally and globally and will strengthen service capabilities in the growing Asian markets. The new technology center consists of manufacturing, control valve testing facilities, research and development, laboratory, engineering and service support units for South Korean EPC companies.
Metso has a total of eight valve technology centers around the world. In 2011, Metso opened a new valve technology center in Vantaa, Finland, and in 2010 in Shanghai, China. The company is currently expanding its valve production facilities in the U.S., in Shrewsbury, MA.