SOURCE: Metso | June 24, 2019
Metso is to develop the minerals and flow control segments separately to better serve the different customers in both areas.
Pekka Vauramo, Metso’s president and CEO, says: “All Metso’s businesses and the two segments that are composed of these, have attractive growth opportunities in the coming years. Capitalising on these opportunities will call for efficient decision-making and allocation of resources. However, our businesses have significant differences relating to, for example, customers, cyclicality, growth drivers, sales channels and product development. This is why we made the decision to develop minerals and flow control strategies separately from each other. In addition, minerals and flow control share a limited amount of synergies, the majority of which are administrative, thus the separation will make the preparation and implementation of their respective strategies more efficient.”
The Minerals segment includes equipment and services sold to mining and aggregates customers, as well as the recycling business. The Flow Control segment consists of valves and related services sold to various process industries.
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