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Metso Corp. sells foundry operations in Karistad, Sweden to Akers AB, Metso Paper Karistad AB. (Around the World).


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 Corp., Helsinki Helsinki (hĕl`sĭngkē), Swed. Helsingfors, city (1998 pop. 546,317), capital of Finland, located in Southern Finland prov., S Finland, on the Gulf of Finland. ., Finland, will sell its foundry A semiconductor manufacturer that makes chips for third parties. It may be a large chip maker that sells its excess manufacturing capacity or one that makes chips exclusively for other companies.  operations in Karistad, Sweden, to a newly established company, which will be owned by the Swedish-firms Akers AB and Metso Paper Karistad AB.

The Metso foundry in Karlstad specializes in large, hand-molded cast pieces such as Yankee cylinders for tissue paper machines, components for wind turbines and diesel engine blocks. The total capacity of the foundry is 9000 tons/yr. The foundry's 104 employees will transfer to the new company.

The new company plans to focus on serving the wind turbine turbine, rotary engine that uses a continuous stream of fluid (gas or liquid) to turn a shaft that can drive machinery.

A water, or hydraulic, turbine is used to drive electric generators in hydroelectric power stations.
 and diesel engine industry, and will continue to supply Metso Paper with cast components.
COPYRIGHT 2003 American Foundry Society, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Metso Corp. sells foundry operations in Karistad, Sweden to Akers AB, Metso Paper Karistad AB. (Around the World).
Publication:Modern Casting
Article Type:Brief Article
Geographic Code:4EUSW
Date:Mar 1, 2003
Words:103
Previous Article:CHN Global to close Racine-based iron foundry. (North America).
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