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Metso and Progen to Create a Joint Venture in Brazil

Metso and Progen, a Brazilian engineering and consulting company specialized in project management and implementation, have formed a joint venture in order to strengthen strategy and to diversify the activities in Brazil.

The parties have founded a new company, Valpro gerenciamento de obras, to attend exclusively to Metso projects in the South American pulp, paper and energy market, supplying specialized technical services in construction and erection management, commissioning and start-ups.

The new company is planned to start its activities during the next 30 days, with its head office located in São Paulo.

The value of the agreement is not disclosed.

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