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Moventas names local representation in Australia

JYVASKYLA, Finland, June 6, 2008 (Press Release) - Moventas has entered into partner agreement with SFP Consulting Pty Ltd. A local representative in Australia is part of the company's strategic intent to strengthen its customer service and to build up a global network.

As Moventas partner in Australia SFP Consulting will introduce Moventas to Australian markets and focus on serving the customers in the minerals, sugar and fiber & paper industries.

Moventas' aim is to strengthen its customer service and to create new customer base in process industries. The cooperation with SFP Consulting strengthens Moventas' capabilities to capture the growing minerals market potential in the Australian market and to serve the customers locally.

Moventas has a strong strategic focus on developing the company's customer service operations and building up a global network.

Moventas designs, manufactures and markets drive units for the process industries under the Santasalo trademark.

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By how much will the credit crunch reduce greenfield mill announcements in the next three years compared with the last three years?

No noticeable effect

Up to 33% fewer new mills announced

Up to 66% fewer new mills announced

More than 66% fewer new mills announced

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