Selling pulp and power
Norwegian engineering company Aker Kvaerner announced yesterday that it has signed a letter of intent to sell its pulping and power businesses to
The companies said they plan to sign a final agreement by April 2006, pending due diligence by Metso and regulatory approval.
Metso Paper's Fibre Business Line provides the pulp and paper industry with chemical, mechanical and recycled fibre technologies and related services. Metso has been growing the business in recent years.
Aker Kvaerner says the deal will free will free up financial and human resources to concentrate efforts on other core areas. It will continue to operate Pulping and Power until the transaction has been finally concluded.
Register now to continue reading
Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.
Benefits of registering
-
In-depth insights and coverage of key emerging trends
-
Unrestricted access to special reports throughout the year
-
Daily technology news delivered straight to your inbox
UK car production falls in April
Might the ´combination of factors´ include, in the face of stagnant EV sales, manufacturers reducing ICE car production in order to avoid the £15,000...