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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Neles Oyj    NELES   FI4000440664

NELES OYJ

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Metso Oyj : installs a mega-class compress press in Sweden to increase consumables wear parts production capacity and product range

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05/15/2020 | 04:01am EDT

Metso Corporation's press release on May 15, 2020 at 11:00 a.m. EEST

Metso is continuing to develop its consumables product range and production capacity, especially in larger consumables wear sizes. An innovative, mega-size compress press is currently being installed at the Trelleborg factory in Sweden. Due to the COVID-19 outbreak and the strict travel and site visit restrictions, a dedicated team at the Trelleborg factory is performing the installation by utilizing online remote support from the supplier's experts in Australia and China.    

Along with the increased production capacity, the modular press design will expand the range, sizes and types of products manufactured. With its robust technology and large size, the unique press can produce parts, such as mill lining wear parts that weigh up to 8 tons.

Production with the new press will start in May. The press to be installed in Sweden is the first in a series of three similar machines with a total value of EUR 10 million.

"We are continuously developing our operations to improve our flexibility in fulfilling our mining customers' needs globally. For our customers, the ability to acquire and use larger, high-quality consumables in the process enables a longer operating time and reduces the time required for maintenance work. The new press has been developed together with the supplier, and it utilizes unique, innovative technology," says Sami Takaluoma, President, Consumables business, Metso.  

Installation work utilizes remote resourcing

The ongoing travel restrictions and increased employee safety measures globally created a need to find a sustainable and safe way to install the new machine in the Trelleborg facility.

The installation process is successfully monitored remotely by the supplier with dedicated installation support hubs in Australia and China. The team in Trelleborg is wearing headsets and wearable video cameras, and the installation area is equipped with video cameras, enabling continuous online guidance and instructions. 

"In this challenging situation, we found a workable solution to stay on schedule. Thanks to the continuous support and detailed online guidance provided to the on-site team, the installation work has proceeded as planned and with safety measures maintained," says Takaluoma.   

Today, Metso is the leading provider of rubber and poly-met mill linings and has a strong service network in all the main mining markets. The Trelleborg unit produces rubber and poly-met wear parts used in the mining industry.

Metso operates currently 11 factories manufacturing synthetic solutions globally, and it will open a new factory for mining consumables wear parts in Lithuania in 2020.

Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 3.6 billion in 2019. Metso employs over 15,000 people in more than 50 countries.

metso.com (https://www.metso.com/), twitter.com/metsogroup (http://www.twitter.com/metsogroup)

For further information, please contact:

Kari Reini, Senior Vice President, Rubber and Poly-Met Supply Chain, Minerals Consumables, Metso, Tel. +358 50 547 4241, E-mail: kari.reini@metso.com  

Helena Marjaranta, Vice President, Communications and Stakeholder Relations, Metso Corporation, Tel. +358 20 484 3212, E-mail: helena.marjaranta@metso.com

https://news.cision.com/metso-corporation/r/metso-installs-a-mega-class-compress-press-in-sweden-to-increase-consumables-wear-parts-production-c,c3112838

https://news.cision.com/metso-corporation/i/image--metso-rubber-mill-lining,c2785672

(c) 2020 Cision. All rights reserved., source Press Releases - English

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Sales 2020 624 M 705 M 705 M
Net income 2020 61,1 M 69,1 M 69,1 M
Net Debt 2020 368 M 416 M 416 M
P/E ratio 2020 -
Yield 2020 -
Capitalization 1 343 M 1 519 M 1 519 M
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EV / Sales 2020 2,74x
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