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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Metso Oyj    METSO   FI0009007835

METSO OYJ

(METSO)
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Metso Oyj : introduces major investments in Mesa repair facility

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03/27/2020 | 06:01am EDT

Metso Corporation's press release on March 27, 2020 at 13:00 EET

Metso has made further investments in the Mesa repair facility in Arizona, in order to optimize safety and broaden service capabilities. The facility offers repairs and field services while supporting Metso's Life Cycle Services contracts. Mesa has seen steady growth since the opening in 2015, with 2019 setting a record for safety performance, revenue, and profitability.

In order to offer a more complete service to customers on large rebuilds, the Mesa facility recently installed a state-of-the-art stress relief oven. This will improve quality control as well as accelerate the turnaround times for our clients. In addition to the stress relief oven, Mesa has also invested in other equipment to support the repair of mining screens, LIMS (Wet Low Intensity Magnetic Separator) drums, and babbitted bearings for mills. 

A screen test stand has now been manufactured and will be operational by end of March. The stand will allow each screen that is rebuilt at Mesa to be test-run before being sent back out into the field, which will reduce the potential for issues during installation and start-up. Equipment needed to repair LIMS drums was also put in place last year and has seen a steady inflow of repairs coming from mines in the Iron Range

In the future, the facility aims to further grow its portfolio of value-added services, to improve productivity and reduce operational costs for its clients in both the mining and aggregates sectors.

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

 

For further information, please contact:

Glen Weiler, General Business Manager, USA Service Operations, Metso Corporation, Tel. +1 717 849 7112, E-mail: glen.weiler@metso.com

Carl Waggoner, General Manager, Service Repairs Services Mesa US, Metso Corporation, Tel. +1 480 281 1646, E-mail: carl.waggoner@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-introduces-major-investments-in-mesa-repair-facility,c3069674

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

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Sales 2020 3 436 M 3 826 M 3 826 M
Net income 2020 215 M 239 M 239 M
Net Debt 2020 683 M 761 M 761 M
P/E ratio 2020 20,4x
Yield 2020 4,47%
Capitalization 4 381 M 4 871 M 4 879 M
EV / Sales 2019
EV / Sales 2020 1,47x
Nbr of Employees 2 872
Free-Float 82,7%
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