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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Metso Oyj    METSO   FI0009007835

METSO OYJ (METSO)
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Metso Oyj : receives favorable court decision in China on infringement of IP rights

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11/09/2018 | 10:14am EST

Metso receives favorable court decision in China on infringement of IP rights

Metso Corporation's press release on November 9, 2018 at 5:00 p.m. EET

Metso has received a favorable decision by the Shanghai Pudong New Area People's Court's in China that fully supports Metso's claims against Shenyang Sanland Mining Equipment Manufacture Co. and Shenyang Sanland Crusher and Grinder Equipment Manufacture Co. Ltd. for infringement of Metso's intellectual property rights.

The court ordered the two companies to immediately cease their infringement, which constituted of production and marketing of imitations of Metso's equipment and parts. The companies may appeal the court's decision.

Metso is very pleased by the court's ruling that protects Metso's trademarks and goodwill in China, and by the court's stance in enforcement of intellectual property rights. Going forward, our customers can rely on Metso providing high quality products and services in China.

Metso will continue to take the appropriate legal actions to protect its intellectual property in China as well as in all markets the company operates in.

Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 2.7 billion in 2017. Metso employs over 12,000 people in more than 50 countries.

metso.com, twitter.com/metsogroup

For further information, please contact:

Elisa Erkkilä, Vice President, Group Legal, Metso Corporation, Tel. +358 20 483 5906, Email: elisa.erkkila@metso.com

Helena Marjaranta, Vice President, Communications, Metso Corporation, Tel. +358 20 484 3212, Email: helena.marjaranta@metso.com

Disclaimer

Metso Oyj published this content on 09 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 November 2018 15:13:03 UTC

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Financials (€)
Sales 2018 3 095 M
EBIT 2018 351 M
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Yield 2018 4,21%
P/E ratio 2018 17,26
P/E ratio 2019 15,06
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