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    MOCORP   FI0009014575

METSO OUTOTEC OYJ

(MOCORP)
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Delayed Nasdaq Helsinki  -  11:29:54 2023-01-31 am EST
10.52 EUR   -0.61%
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Metso Outotec Oyj : opens a new pump assembly plant in Peru

11/30/2022 | 06:12am EST
Press ReleaseNovember 30, 2022
Metso Outotec opens a new pump assembly plant in Peru

Metso Outotec Corporation's press release on November 30, 2022, at 1 p.m. EET

Metso Outotec has opened a new pump assembly plant in Lima, Peru. With this strategic investment, Metso Outotec is responding to the increasing market demand for large pumps used in mining applications in South America, and at the same time reducing delivery times to its customers in the region. Once fully operational, the plant will be able to deliver standard Metso Outotec pumps with competitive lead times to regional customers.

"Pumps are critical parts in the mining process and used in various applications, from grinding to tailings. The new state-of-the-art assembly plant in Peru is specifically customized for the production of large Planet Positive MD Series pumps, which are typically used in demanding grinding circuit applications," says Freddy Carrion, Pump Operations Manager at the new plant.

"We selected Lima in Peru as the location for the assembly plant to reduce lead times and transport-related CO2 emissions. The plant is conveniently located close to the harbor and airport, enabling fast logistics to our end customers. Good availability and lead times are further enabled by a local supplier network, and we ensure high quality by having our own organization carry out inspections. The new plant also has an expert proposal and engineering team to serve our customers," says Kalle Sipilä, Vice President, Pumps at Metso Outotec.

Metso Outotec has high sustainability targets for CO2 for its own operations and the supply chain. The target is net-zero CO2 emissions from the company's own operations by 2030 and a 20% reduction in CO2 emissions from logistics by 2025.

Read more about Metso Outotec MD Series pumps on our website.

Further information:

Kalle Sipilä, Vice President, Pumps, Metso Outotec, tel. +358 020 483 5111, kalle.sipila(at)mogroup.com

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

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers' energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. Metso Outotec is committed to limiting global warming to 1.5°C with Science Based Targets.

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2021 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, twitter.com/metsooutotec

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Metso Outotec Oyj published this content on 30 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2022 11:11:46 UTC.


ę Publicnow 2022
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Financials
Sales 2022 5 329 M 5 788 M 5 788 M
Net income 2022 331 M 360 M 360 M
Net Debt 2022 665 M 722 M 722 M
P/E ratio 2022 26,5x
Yield 2022 2,71%
Capitalization 8 682 M 9 429 M 9 429 M
EV / Sales 2022 1,75x
EV / Sales 2023 1,61x
Nbr of Employees 16 277
Free-Float 83,1%
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Number of Analysts 14
Last Close Price 10,52 €
Average target price 10,83 €
Spread / Average Target 3,03%
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Managers and Directors
Pekka Juhani Vauramo President & Chief Executive Officer
Eeva Sipilń Chief Financial Officer & Deputy CEO
Kari Henrik Stadigh Chairman
Christer G÷ran Harald Gardell Independent Director
Antti Mikael Mńkinen Independent Director
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