Displaying items by tag: Metso

China/Finland: Metso Corporation has announced that it will complete its takeover of Shaorui Heavy Industries with the exercise of its call option over 25% of shares. Markku Simula, President of the Aggregates Equipment division of Metso, has expressed the company’s high expectations of Shaorui, one of China’s ‘leading mid-market crushing and screening equipment producers.’ The purchase will be completed in late 2019.

Finland: Metso and Outotec have agreed to merge Metso Minerals and Outotec to create a company specialising in process technology, equipment and services serving the minerals, metals and aggregates industries. The new company will be called Metso Outotec. Metso Flow Control will be excluded from the merger and renamed as Neles and run as a separate company. The companies comprising Metso Outotec had combined sales of around Euro3.9bn in 2018.

The merger will be implemented through a partial demerger of Metso, in which all assets and liabilities of Metso that relate to Metso Minerals will transfer to Outotec in exchange for newly-issued shares in Outotec to be delivered to Metso shareholders. Outotec shareholders will continue to own their shares in Outotec.
The transaction will be dependent on shareholder and regulatory approval. The process is expected complete in the second quarter of 2020.

The current chief executive officer (CEO) of Metso, Pekka Vauramo, will become Metso Outotec’s CEO, and the current CEO of Outotec, Markku Teräsvasara, will become the Deputy CEO of Metso Outotec. Eeva Sipilä will become the chief financial officer (CFO) and Deputy CEO of Metso Outotec. The board of Metso Outotec will include board members from both companies. It is proposed that Metso Outotec’s chairman will be Mikael Lilius and that the Vice Chairman will be Matti Alahuhta.

“Today is an exciting day as we announce the transformational combination of two great companies and simultaneously create an independent leader in flow control. The combination of Metso and Outotec is a unique opportunity to deliver significant value for our shareholders with a broad presence across minerals, metals and aggregates value chains and an even stronger platform for growth and innovation,” said Mikael Liliu.

US: Metso Waste Recycling has appointed Lou Martins as its General Sales Manager in North America. His role will involve establishing the waste recycling organisation in North America to drive growth in the region for both static and mobile waste shredders. This includes hiring a distribution manager, establishing partner relations with plant builders and driving new business in North America.

Martins holds experience in the solid waste market, including six years with Van Dyk Recycling Solutions. He holds a bachelor’s degree in mechanical engineering as well as an MBA in Sales and Marketing.

UK: Finland’s Metso has acquired Kiln Flame Systems (KFS), a UK-based combustion solutions and technology provide, to extend its pyro-processing portfolio and capabilities. KFS specialises in rotary kiln and calcining processes, combustion optimisation and burner technologies with patented designs. It provides solutions to a wide range of industries including minerals processing. KFS has 14 employees based in High Wycombe, Buckinghamshire. KFS will become part of Metso's Minerals Services business area, which offers a comprehensive line of pyro processing equipment.

"Joining forces with Metso gives us the opportunity to offer our technology to a wider customer base. KFS has worked hard to establish our position and reputation as a market leader in custom-designed combustion solutions, and we are delighted to build our future and continue serving existing and new customers with Metso," said Cliff Rennie, director and chief executive officer (CEO) of KFS.

KFS was founded in 1999. It uses computational fluid dynamics (CFD) for burner design and system analysis supported by physical modelling.

Finland: Metso is celebrating its 150th anniversary with a photo exhibition illustrating how the company has taken part in shaping and building the modern world. Interim chief executive officer (CEO) and chief financial officer (CFO) Eeva Sipilä will open the event on 18 September 2018 at Sanoma House in Helsinki. The exhibition will be open to the public until the end of September 2018.

The company was first established in 1868 when Erik Jan Hammarberg set up the Sunds Bruk ironworks in Sweden. As the business developed its products and services widened and its ownership changed. In 1991, the operations become part of Rauma-Repola. Rauma then merged with Valmet in 1999 to form Metso. At present the company operates in more than 50 countries and over 12,000 staff. It serves the mining, aggregates, recycling and process industries.

A central part of the company’s focus includes aggregates and minerals processing. Key parts of Metso’s development in this area include the creation of the Nordberg Manufacturing Company in 1886 by Bruno Nordberg, a Finnish migrant who settled in Michigan in the US and produced some of the first crushing equipment for mines. In 1928, Nordberg acquired Symons cone crusher technology. Bergeaud & Bruno was established in France in 1895 to manufacture crushing equipment, and in Tampere, Finland, Lokomo produced its first jaw crushers at the beginning of the 1920s. Each of these companies and their products continue to the present day as products offered by Metso.

Finland: Engineering equipment supplier Metso has upgraded its Tampere plant to focus on track-mounted crushing units. The new assembly line has increased mobile crushing plant production by 25%. It says it can build a 50t track-mounted crushing plant in two working days.

"Demand for mobile Lokotrack crushers for aggregates took an upward turn 18 months ago, so the timing of our investment in capacity growth was right. We want to ensure that our production capacity can meet customers' growing needs," said Markku Simula, President, Aggregates Equipment business area at Metso.

The new assembly line has six assembly stations instead of the previous five. Currently, the line is used for assembling the company’s most popular crusher models. Assembly of larger and more complex models will begin in the spring of 2018.
Aggregate crushing plants have been built in Tampere for 98 years. The first jaw crusher was completed at the Lokomo workshop in 1921. Production of track-mounted crushing plants began in 1985.

Finland: Metso plans to divide its Minerals Services division into two separate business areas: Minerals Services and Minerals Consumables. The heads of the business areas will report to Metso's president and chief executive officer (CEO) and they will be members of Metso's executive team.

The Minerals Services business area will consist of spare parts and service solutions as well as supporting distribution and repair centre infrastructures. The Minerals Consumables business area will consist of wear part businesses together with the foundries and other manufacturing operations as well as supply chain infrastructure.

The new organisational structure will become effective at the beginning of 2018, and the presidents of the new business areas will be appointed in due course.

Finland: Perttu Louhiluoto, President of Metso's Minerals Services business area and a member of the Metso Executive Team, has decided to leave Metso by the end of 2017 at the latest. He has been employed by Metso since 2008 and has held several management positions in various Metso businesses.

Finland: Metso has signed a distribution agreement for its valve products with Process Control Equipment (PCE) to cover the UK, Benelux and Spain. Under the non-exclusive agreement, PCE will add to its current portfolio of Metso's Neles and Jamesbury product families for all process industries in all countries. PCE has been distributing Metso's Jamesbury valves in the UK since 2012.

"The new agreement brings benefits for Metso's customers in UK, Benelux and Spain to ensure better availability and service support for them. The expansion of distributors in these countries will bring additional value, including more local support, local inventories, and faster deliveries of our products," said Kyle Rayhill, Director of Global Distribution, Flow Control, Metso.

Italy: Metso has changed its distribution model in Italy in 2017, appointing three exclusive distributors to cover the country. Righini and Frantoparts FP will handle the exclusive distribution of all Metso stationary crushing and screening machines. Righini will cover the provinces of Valle d'Aosta, Piemonte and Liguria. Frantoparts will cover the remaining provinces. Scai will be the exclusive distributor of the mobile equipment for the whole of Italy.

"These three distributors are already our long-term partners with proven expertise and service capability. We are confident that they are the right partners for us for many years to come," said Angel Luis Garcia, Metso's Distribution Business Manager for Spain & Italy.