Metso Outotec, a new company focused on sustainable minerals and metals processing and recycling technologies began operations in July.
Headquartered in Finland and listed on the Nasdaq Helsinki, Metso Outotec employs more than 15,000 people in more than 50 countries and its combined sales for 2019 were about EUR$4.2 billion.
The company offers its customers crushing and screening equipment for the production of aggregate, as well as equipment for mineral processing, metals refining, chemical processing and metal and waste recycling.
Metso Outotec’s service capabilities and global network are complemented with a comprehensive range of spare and wear parts, refurbishments and professional services.
In mid-2019, Metso and Outotec announced they would merge to create a single company. Now, with sustainable processing of natural resources becoming a norm within the industries, Metso Outotec plans to drive the transformation.
The growing interest towards the environment and the impacts of climate change, urbanization, decreasing ore grades and electrification are forcing traditional industries like aggregate, minerals processing and metals refining to redefine their license to operate.
“It is our core expertise to help our customers transform the industry. We offer sustainable technologies and services that reduce the consumption of energy and water by increasing process efficiency, recycling and reprocessing of tailings and waste. Our extensive offering and expertise help our customers improve their business and lower their risks. We are their partner for positive change,” said Pekka Vauramo, the president and CEO of Metso Outotec.
“We have the best talent in the industry, and I am very excited to start the journey together.”
Through the merger, Metso Outotec brings together a lengthy history of technological leadership, customer focus and services, leveraging the strengths of both companies.
The company has a full offering that ranges from ore body to metal, extensive global services network and significant investment in research and development, allowing the company to create sustainable technologies to the customers’ benefit.
The combination offers potential for significant cross-selling and cost synergies and a strong platform for innovation, digital leadership and growth.