27/06/2017 09:00:37

Metso investing EUR 3.5 million in crusher wear parts manufacturing in Africa to meet growing demand from the mining industry

Related content
06:45 - 
Notification according to chapter 9, section 5 and 6 of..
07 Sep - 
Notification according to chapter 9, section 5 and 6 of..
07 Sep - 
Composition of Metso's Nomination Board
Related debate
19 Sep - 
OK, kunne jeg ikke finde.   Men da sjældent ..
19 Sep - 
Morgan Stanley har løftet price target til &euro..
19 Sep - 
Nogle der ved hvad der sker med Metso ?   Shortcov..

Metso investing EUR 3.5 million in crusher wear parts manufacturing in Africa to meet growing demand from the mining industry

Metso Corporation press release on June 27, 2017 at 11:00 a.m. EET

Metso is increasing its manufacturing capacity for large crusher wear parts castings used in minerals processing by investing in a second melting furnace at the Isithebe foundry in South Africa. The EUR 3.5 million investment will ensure the availability of Metso's heavy crusher wear parts globally.

"The demand for large crusher wear parts is growing in the mining industry. With this investment, we ensure we can meet our customers' needs. Through the renewal of the foundry, we will improve our capabilities to deliver high quality heavy wear parts," says Joni Meronen, director of Mining Crusher Wears at Metso.

The renewed foundry will be able to manufacture wear parts for the Nordberg® MP2500 cone crusher as well as for Metso and third-party primary gyratory wear parts with full use of the latest manufacturing technologies. The first product deliveries from the new furnace are scheduled for May 2019. During the renovation project, production of castings will continue as usual in the existing facilities.

"We are the leading service partner for the mining industry, and the only supplier able to provide a full portfolio for comminution, from spare and wear parts to equipment and service. This investment is part of our development agenda to execute our commitment to ensuring availability and reduced lead times for our customers," says Jose E. Perez, senior vice president of the Crushing and Screening Wears business line at Metso.

Sustainable foundry operations

The Isithebe plant is part of Metso's global foundry network, consisting of foundries located in Ahmedabad, India; Prerov, the Czech Republic; Quzhou, China; and Sorocaba, Brazil. The renewed foundry will be built to follow Metso's strict sustainability and quality principles as well as international standards.

"Sustainability is of utmost importance to Metso. We are developing our operations in a safe and sustainable manner, in close dialogue with local communities," says Thando Makhoba, director of the Isithebe foundry.

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 Helsinki in Finland and had sales of about EUR 2.6 billion in 2016. Metso employs over 11,000 people in more than 50 countries. Expect results.

www.metso.com, www.twitter.com/metsogroup 

For further information, please contact:

Joni Meronen, Director, Mining Crusher Wears, Metso, Tel. +358 40 773 1389, Email: joni.meronen@metso.com

Pirjo Virtanen, VP, Metallurgical Operations, Operations & Manufacturing, Metso +358 20 484 4237, Email: pirjo.virtanen@metso.com

Helena Marjaranta, Vice President, Global Communications, Metso Corporation, Tel. +358 20 484 3212, Email: 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

Dimensional Fund Advisors Ltd. : Form 8.3 - John Wood Group Plc - Ordinary shares

21/09/2017 10:20:38
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:   Dimensional Fund Advisors Ltd. ("Dimensional"), in its capacity ..

P. Schoenfeld Asset Management LLP : Form 8.3 - Booker Group plc

20/09/2017 15:00:11
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: P. Schoenfeld Asset Management LLP (b) Owner or..

Invesco Ltd. : Form 8.3 - Tesco Plc

20/09/2017 13:57:19
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:   Invesco Ltd. (b) Owner or control..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Iovance Biotherapeutics, Inc. Announces Pricing of Its Public Offering of $50 Million of Common Stock
2
Student Transportation Inc. Reports Fourth Quarter & Fiscal Year 2017 Results
3
Telenor completes its sell-down in VEON
4
MotivAction Again Named as One of the Top 25 Meeting and Incentive Companies on MeetingsNet CMI 25 List
5
Penn Virginia to Participate in Johnson Rice Conference

Related stock quotes

Metso Corporation 30.28 -0.2% Stock price decreasing

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
21 September 2017 13:08:12
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170921.1 - EUROWEB5 - 2017-09-21 14:08:12 - 2017-09-21 13:08:12 - 1000 - Website: OKAY