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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Metso Outotec Oyj    MOCORP   FI0009014575

METSO OUTOTEC OYJ

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Metso Outotec Oyj : to restructure its rubber and poly-met wear part production in North America

10/29/2020 | 06:25am EST
Press ReleaseOctober 29, 2020 01:10:00 PM CET
Metso Outotec to restructure its rubber and poly-met wear part production in North America

Metso Outotec Corporation's press release on October 29, 2020, at 1:10 p.m. EET

Metso Outotec is developing its global rubber and poly-met supply chain by restructuring its consumables wears manufacturing operations in North America. The company has decided to discontinue its factory operations in North Bay, Canada. The production will be ramped down by the end of the first half of 2021. The closure will affect a total of approx. 65 employees. Metso Outotec will utilize the existing North and Central American manufacturing footprint in order to serve customers.

'We are continuously developing our global supply footprint to ensure sustainable and profitable growth. To close a factory is a hard but necessary decision, and we realize that it will have implications on our employees. We will work to support them through the transition,' says Sami Takaluoma, President, Consumables business area at Metso Outotec.

The North Bay unit produce rubber and poly-met wear parts used in the mining industry. Today, Metso Outotec is the leading provider of rubber and poly-met mill lining with an extensive service network in all main mining markets. The company operates currently 11 factories manufacturing synthetic solutions globally.

Further information, please contact:

Sami Takaluoma, President, Consumables business area, Metso Outotec Corporation, tel. +358 20 484 100, email: sami.takaluoma(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, metals refining and recycling 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.

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its pro forma sales for 2019 were about EUR 4.1 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, twitter.com/metsooutotec

Disclaimer

Metso Outotec Oyj published this content on 29 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2020 11:24:07 UTC


© Publicnow 2020
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Financials
Sales 2019 1 210 M 1 443 M 1 443 M
Net income 2019 27,3 M 32,6 M 32,6 M
Net Debt 2019 20,1 M 24,0 M 24,0 M
P/E ratio 2019 57,1x
Yield 2019 1,74%
Capitalization 944 M 1 062 M 1 126 M
EV / Sales 2018 0,44x
EV / Sales 2019 0,88x
Nbr of Employees 3 750
Free-Float -
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Managers
NameTitle
Pekka Juhani Vauramo President & Chief Executive Officer
Percy Henrik Mikael Lilius Chairman
Eeva Sipilä Chief Financial Officer & Deputy CEO
Matti Juhani Alahuhta Vice Chairman
Christer Göran Harald Gardell Director