Metso said the demerger would help accelerate growth in both the new
company and the remaining units - Mining and Construction and
Automation.The pulp, paper and power unit, whose products include paper machines
and power plants, generated about 40 percent of Metso's net sales of
7.5 billion euros last year. However, the unit's performance has been
dampened by a global downturn in paper demand when consumers switch to
digital devices.
Metso management believes that the demerger plan will be approved by
the company's board by the end of the second quarter. If the plan goes
ahead, the new company will be listed on the Helsinki exchange before
the end of this year.
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