02/03/2017 10:00:34

Metso is investing in screening media manufacturing to meet growing demand from the mining industry

Related content
27 Mar - 
Notification according to chapter 9, section 5 and 6 of..
23 Mar - 
Committees of Metso's Board of Directors
23 Mar - 
Decisions taken by Metso's Annual General Meeting 2017

Metso is investing in screening media manufacturing to meet growing demand from the mining industry

Metso Corporation's press release on March 2, 2017 at 12:00 a.m. EET

Metso is expanding its global manufacturing capacity for rubber screening media used in minerals processing by investing in three new injection presses. The presses will be installed at Metso's facilities in Australia, India and Sweden by early 2018.

The EUR 1.7 million investment will significantly increase Metso's global rubber screening media manufacturing capacity. The demand for Metso's screening media has grown in the mining segment after the introduction of 1'x1' modular screening media, TrellexTM 305PS, in 2016.

"Uptime and availability mean the world to our customers. A mine can easily consume thousands of screening media modules in a year. During maintenance, the right modules simply have to be at the right place at the right time. With this investment, we can answer our customers' needs and ensure on-time delivery," says Claes Larsson, Product Manager, Screening Media, Metso.

The 1'x1' (305 mm x 305 mm) screening media module size is a standard in major mining markets, due to safety and compatibility reasons. Metso made the decision to include the size in its Trellex product range, based on customer demand.

"We are already the number one service partner for the mining industry. Complementing our extensive wear parts portfolio with an industry standard such as 1'x1' screening media is a natural step in strengthening this position. We are the only supplier able to provide everything that a mine needs in a comminution circuit, from spare and wear parts to equipment and service," says Jose E. Perez, Senior Vice President, Crushing and Screening Wears, Metso.

"With this investment, we expand our manufacturing footprint to be better able to serve our customers efficiently, conveniently, with an eye towards shorter lead times and reduced inventory requirements," he continues.

As a part of its commitment to availability and short lead times, Metso is prepared to make further investments in screening media manufacturing if the demand continues to grow.

Metso is a world leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. We help our customers improve their operational efficiency, reduce risks and increase profitability by using our unique knowledge, experienced people and innovative solutions to build new, sustainable ways of growing together.

Our products range from mining and aggregates processing equipment and systems to industrial valves and controls. Our customers are supported by a broad scope of services and a global network of over 80 service centers and about 6,000 services professionals. Metso has an uncompromising attitude towards safety.

Metso is listed on the NASDAQ OMX Helsinki, Finland, and had sales of about EUR 2.6 billion in 2016. Metso employs over 11,000 persons in more than 50 countries. Expect results.

 

www.metso.com

www.twitter.com/metsogroup

Further information, please contact

Claes Larsson, Product Manager, Screening Media, Metso, Tel. +46 70 558 2573, e-mail claes.larsson@metso.com

Helena Marjaranta, Vice President, Global Communications, Metso Corporation, Tel. +358 20 484 3212, e-mail helena.marjaranta@metso.com


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Metso Corporation via Globenewswire

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Form 8.3 - Bovis Homes Group Plc

29/03/2017 13:51:08
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: UniCredit SpA (b) Owner or controller of interests an..

HSBC Bank Plc : Form 8.5 (EPT/RI) - Galliford Try PLC

29/03/2017 10:20:13
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offe..

Alliance Trust PLC : Transaction in Own Shares

29/03/2017 07:01:36
29 March 2017  Alliance Trust PLC TRANSACTION IN OWN SHARES  The Board of Alliance Trust PLC ("the Company") announces that on 28 March 2017 the Company purchased for cancellation 257,300 ordinary shares of 2.5p each at a price of 681.5023p per share.  Therefore, the total number of voting rights in the Company is now 364,597,266.    The above figure (364,597,266) may be used by sharehold..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Under Armour, Inc. To Contact The Firm
2
RigNet deploys its first deep water 4G LTE system in the Gulf of Mexico and announces dramatic capacity increases to its state-of-the-art licensed 4G wireless network
3
FILO MINING REPORTS 2016 RESULTS
4
Applied Materials Prices $2.2 Billion of Senior Unsecured Notes
5
SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Files Class Action Suit Against GigPeak, Inc.

Related stock quotes

Metso Corporation 28.23 0.4% Stock price increasing

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
29 March 2017 16:13:06
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170324.2 - EUROWEB5 - 2017-03-29 17:13:06 - 2017-03-29 16:13:06 - 1000 - Website: OKAY