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Metal Recycling News March 30, 2023 06:00:36 PM

Metso Outotec Concluded Strategic Review of Metals Business

Paul Ploumis
ScrapMonster Author
Meantime, the Smelting business will continue to remain as part of Metso Outotec’s portfolio.

Metso Outotec Concluded Strategic Review of Metals Business

SEATTLE (Scrap Monster): Finland-based Metso Outotec Corporation, in a stock exchange release, stated that it has completed the strategic review of its Metals business. Further to this, the company has decided to go ahead with the divestment of two of its three Metals businesses: Metals & Chemical Processing and Ferrous & Heat Transfer.

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Meantime, the Smelting business will continue to remain as part of Metso Outotec’s portfolio. It must be noted that the Smelting business of the company had recorded a sale of EUR 155 million during the previous year.

The Metals & Chemical Processing unit comprises of hydrometallurgy and sulfuric acid systems and equipment. The Ferrous & Heat Transfer unit includes sintering and pelletizing technology

According to Pekka Vauramo, President and CEO of Metso Outotec, several options were considered when evaluating the strategic fit of the Metals businesses in Metso Outotec’s portfolio. The performance during the past two years indicate that the offering is competitive and the business is healthy. However, the decision to divest the units is part of the company’s ongoing strategy to focus more on accelerating the growth and profitability of our Aggregates and Minerals businesses.

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