Metso Outotec will close its wear parts factory in North Bay, Ontario.
The factory closure is part of the company’s plan to develop its global rubber and poly-met supply chain by restructuring its consumables wears manufacturing operations in North America.
Production at the North Bay facility will be ramped down by the end of the first half of 2021. The closure will affect a total of about 65 employees.
Metso Outotec will utilize the existing North and Central American manufacturing footprint in order to serve its customers.
“We are continuously developing our global supply footprint to ensure sustainable and profitable growth,” said Sami Takaluoma, president of the consumables business area at Metso Outotec.
“To close a factory is a hard but necessary decision, and we realize that it will have implications on our employees. We will work to support them through the transition.”
The North Bay facility produces rubber and poly-met wear parts used in the mining industry.
In mid-2019, Metso and Outotec announced they would merge to create a single company. 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.
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.
Today, Metso Outotec is the leading provider of rubber and poly-met mill lining with an extensive service network in all main mining markets. The company currently operates 11 factories manufacturing synthetic solutions globally.