HELSINKI, Finland, Feb. 26, 2015 (GLOBE NEWSWIRE) -- Metso received in 2014 significant repeat order for valves with accessories and spare parts for Jamnagar Phase 3 refinery, the projects are being implemented at the world's largest oil refinery located at Jamnagar Gurajat, India. The refinery complex is owned and operated by Reliance Industries Limited.
Metso's delivery scope to the Jamnagar Phase 3 includes on-off valves, ball and butterfly valves ranging from 1" to 30" in size from the Neles®, Mapag® and Jamesbury® product portfolios. The delivery also includes accessories and spare parts.
During 2014 Metso received several orders for the Jamnagar Phase 3 project. A considerable part of the total order value was booked to Metso's 2014 fourth-quarter orders received.
"We are pleased that the customer trusts us as a valve supplier. The orders for the Jamnagar Phase 3 show that Metso's valve solutions play a critical role in demanding processes. They also help to maintain reliable operation, maximize production efficiency and reduce safety risks," says Markku Simula, Senior Vice President, Oil and Gas business line, Metso.
Metso has a strategic target to grow in the oil and gas industry with its flow control offering.
Leading flow control technology for refineries to improve safety and sustainability
In a typical refinery or petrochemical project, Metso's product range covers up to 90% of the needed valves. Reliable valve solutions are very critical components in refinery processes. The valves must withstand significantly demanding process conditions, such as high pressure and temperature, toxic and corrosive fluid, vibration and pressure shock under normal service conditions, and must meet all safety requirements. Furthermore, customers are constantly developing their processes that continue to lead to higher efficiency and enhanced value addition, and this relies on highly reliable valve solutions.
Metso's extensive flow control services offering covers business solutions and services that optimize equipment use and cost of ownership. Metso's valve technology centers and valve production facilities are located in Finland, the United States, Germany, China, South Korea, India and Brazil. Today Metso has more than 40 valve and field device service centers worldwide.
Metso is a leading process performance provider, with customers in the mining, oil and gas, and aggregates industries. Metso's cutting-edge services and solutions improve the availability and reliability in minerals processing and flow control, providing sustainable process and profit improvements. Metso is listed on the NASDAQ OMX Helsinki, Finland. In 2014, Metso's net sales totaled EUR 3.7 billion. Metso employs approximately 16,000 industry experts in more than 50 countries. Expect results.
For further information, please contact:
Markku Simula, Senior Vice President, Oil and Gas, Metso, tel. + 358 20 483 5692, email: markku.simula(at)metso.com
Jussi Ollila, Vice President, Global Communications, Metso Corporation, tel. +358 20 484 3212, email: jussi.ollila(at)metso.com