Moventas will deliver mechanical power transmission equipment for a paper machine line supplied by Metso to China. Moventas is responsible for drives covering the entire paper production line and related machinery. Also included are the layout engineering and a spare parts package. The parties have agreed not to disclose the transaction value.

Moventas annual review 2008 has been published.

Moventas has established new testing facilities for roll gearboxes at its Service Center in Greenville, SC. As the only roll gear unit manufacturer offering load testing in the US, Moventas is now able to test all serviced roll gear units under load conditions ensuring reliable performance and reducing life-cycle costs with more effective, tailored maintenance.

Maarit Herranen  has been appointed Senior Vice President, Human Resources in Moventas Oy as of May 14, 2009. Herranen will be a member of the Moventas Management Team and she reports to Jukka Jäämaa, president and CEO.

Moventas has developed and launched a new bevel planetary gear model for high demanding dry-grinding applications with Loesche GmbH, producer of plants for the cement, mineral and power generation industries.

Moventas, manufacturer of wind power gear units and mechanical drives has been invited to join the Community of Global Growth Companies (GGC) of the World Economic Forum.  Moventas has fulfilled the criteria of leadership, growth and expansion outside of its traditional boundaries. Forum's mission is to improve the stake of the World through a multistakeholder approach to problem solving which is essential at this time of economic turmoil.

Moventas will change its operating model to increase focus on Service business alongside with Wind Gears and Industrial Gears businesses. The new Service division will start on April 1st, 2009.

Moventas, a manufacturer of wind turbine gears and industrial gears, increased its net sales by 31 % to EUR 382 million in 2008. The past year was determined by the rapid growth including major capacity additions and 255 new employees.

Moventas Wind Oy has completed the personnel negotiations regarding the personnel layoffs in Jyväskylä.

Moventas Santasalo Oy has completed the personnel negotiations regarding personnel reductions and layoffs in Karkkila and Jyväskylä.