Metso is looking to sell its loading and hauling operations business.
The company is reviewing the future of its loading and hauling operations, which are based in Finland and Sweden.
The evaluation is part of Metso’s goal to align its offering with businesses that have a global scale and financial performance that supports the company’s growth ambition.
The primary objective of the review is to sell its loading and hauling business to an external party.
If a suitable buyer cannot be found, the company will consider discontinuing and winding down the operations in Finland and Sweden. These operations have about 110 employees, the majority of whom are in Finland.
“This type of considerations are never taken lightly; hence this announcement comes after a careful evaluation. We recognize and highly value the dedication and professionalism of our employees in the loading and hauling business,” said Saso Kitanoski, President of the Consumables business area for Metso.
“We believe that the business’ value and future potential can be best realized under new ownership. We will work actively to identify the interested parties. During this process, it goes without saying that we will actively take care of our customer commitments.”
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Metso began the consultation processes in Finland and Sweden on August 5, in accordance with country-specific legislation to address the planned changes and their potential impacts.
Any decisions and further steps will be taken only after the local union negotiations have been completed.
The loading and hauling business has operations in Kokkola and Kalajoki, Finland, as well as in Luleå, Sweden. The unit produces, among others truck bodies, buckets and ground engaging tools for various applications in both mining and aggregates.
