Metso Outotec to divest two of its three Metals businesses

Metso Outotec to divest two of its three Metals businesses

(IN BRIEF) Metso Outotec has announced the divestment of two of its three Metals businesses, Metals & Chemical Processing and Ferrous & Heat Transfer, following a strategic review. The company plans to focus on its Aggregates and Minerals businesses, while keeping the Smelting business as part of its portfolio. The decision was made after considering various options and evaluating the strategic fit of the Metals businesses in Metso Outotec’s portfolio. According to Metso Outotec’s President and CEO, Pekka Vauramo, the company’s strategy is to accelerate the growth and profitability of its Aggregates and Minerals businesses, which have a strong aftermarket potential, while developing the Smelting business as part of its sustainable non-ferrous metals market offering.

(PRESS RELEASE) HELSINKI, 30-Mar-2023 — /EuropaWire/ —Metso Outotec has completed the strategic review of its Metals business. As a conclusion, the company has decided to initiate the divestment of two of its three Metals businesses: Metals & Chemical Processing and Ferrous & Heat Transfer. The Smelting business will remain part of Metso Outotec’s portfolio.

“Several options were considered when evaluating the strategic fit of the Metals businesses in Metso Outotec’s portfolio and the best environment to develop them. The past two years’ performance has proven that the offering is competitive, and the business is healthy. However, our strategy focuses on accelerating the growth and profitability of our Aggregates and Minerals businesses, which also have a strong aftermarket potential. Metals’ Smelting business complements our sustainable non-ferrous metals market offering, and therefore we will continue developing it as part of Metso Outotec, whereas the Metals & Chemical Processing and Ferrous & Heat Transfer businesses can be best developed with an owner that can offer both focus and scale and hence capitalize on the full potential of the technologies,” says Pekka Vauramo, President and CEO of Metso Outotec.

Metso Outotec’s Smelting business sales totaled EUR 155 million in 2022. Smelting projects consist of engineering, procurement, and supply (EP/EPS) deliveries and, for example, Flash smelting technology is part of the portfolio.

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www.mogroup.com

Metso Outotec is a frontrunner in providing sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By helping our customers increase their productivity, improve their energy and water efficiency and environmental performance with our process and product expertise, we are the partner for positive change.

Headquartered in Helsinki, Finland, Metso Outotec employs over 16,000 people in close to 50 countries and sales for 2022 were about EUR 5.3 billion. The company is listed on the Nasdaq Helsinki mogroup.com, twitter.com/metsooutotec

Media Contact:

Juha Rouhiainen
Vice President
Investor Relations
tel. +358 20 484 3253
email: juha.rouhiainen(at)mogroup.com

Helena Marjaranta
Vice President, Communications and Brand
Metso Outotec
tel. +358 20 484 3212
email: helena.marjaranta(at)mogroup.com

SOURCE: Metso Outotec