“The acquisition is an important step for us, giving us deeper insight into the products and customers in the Chinese construction market. Our goal is to develop market-oriented technology for China to better serve our Chinese customers. We will leverage the technical expertise of Metso and Shaorui to further develop our products and achieve this goal,” said Pekka Pohjoismäki, President of Metso's Mining and Construction Crushing and Screening business line.

    Furthermore, by integrating Metso's existing high-end products with Shaorui's excellent products in the mid-range market, we are building a solid platform for our future long-term development in the crushing and screening market. “Our recent initiatives in the Chinese market: the acquisition of Shaorui Heavy Industries and the announcement last November of a joint venture with LiuGong Group, have significantly enhanced our supply capabilities in the Chinese construction market,” he continued.

    About Metso and Shaorui Heavy Industries

    2013 marks the 80th anniversary of Metso's entry into the Chinese market. The company received its first paper machine order from China in 1933. Today, Metso has a strong presence in China. Metso's 3,500 employees in China serve local customers in the company's core customer industries while supporting the sustainable development of China's industry and infrastructure.

    Shaorui Heavy Industries is one of the major manufacturers of mid-range crushing and screening equipment in China, with 330 employees. Shaorui holds a leading market position and strong brand awareness in southern China, and is headquartered in Shaoguan City, Guangdong Province.