Metso Corp. has announced a new business strategy focused on the core industries of mining, oil and gas, and aggregates. As part of this, the company aims to “strengthen its position as the leading technology and services provider for end-to-end minerals processing and to become a leader in flow control within the oil & gas and mining industries,” it said in a statement.
Under the new strategy, the business will be divided into three operational groups:
- Services to provide the company’s minerals customers with full-scope services solutions, ranging from spare and wear parts all the way to high-value adding performance services.
- Flow Control, responsible for developing and growing both the company’s valve offering (mainly for oil & gas customers), as well as pumps for mining customers by pursuing new opportunities in these markets.
- Minerals, responsible for providing minerals processing solutions for mining customers and crushing and screening products for aggregates customers, as well as system deliveries.
"Our new strategy, together with our new operating model, marks the beginning of a new era for Metso,” said Matti Kähkönen, president and CEO of Metso. “In essence, we will continue to move ahead with our transformation into a focused company, with businesses that offer growth potential with higher margins. This will translate into higher profitability and better returns – and ultimately greater value for our shareholders.”
Written by Jonathan Rowland
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