Stock exchange release
October 25, 2012 01:00 PM EEST
Metso concludes its evaluation of strategic alternatives for its Recycling business
Metso Corporation's stock exchange release on October 25, 2012 at 1:00 p.m.
Metso announced on September 1, 2011 that it intended reviewing strategic
alternatives for its Recycling business. As part of this process, Metso
evaluated both external and internal options. The review concluded that
integrating Recycling into the Mining and Construction segment was the best
possible alternative for creating value for Metso.
"We are committed to developing the Recycling business as part of our Mining and
Construction segment," says Matti Kähkönen, Metso Corporation's President and
CEO. "We believe that by integrating Recycling in this way we will add value to
the Recycling business and for Metso generally in terms of volume growth, cost
competitiveness, and developing our overall offering. We are a forerunner and
global market leader in metal and waste recycling, and our goal is to further
strengthen our position here."
Recycling will be integrated into Mining and Construction as of December
1, 2012. Restated historical figures for Mining and Construction including the
Recycling business will be published later this year.
Recycling had net sales of EUR 212 million in 2011 and the business currently
employs approx. 660 people, mainly in Germany, the US and Denmark.
Metso is a global supplier of technology and services to customers in the
process industries, including mining, construction, pulp and paper, power, and
oil and gas. Our 30,000 professionals based in over 50 countries deliver
sustainability and profitability to customers worldwide. Expect results.
www.metso.com , www.twitter.com/metsogroup
Further information, please contact:
Harri Nikunen, CFO, Metso Corporation, tel. +358 20 484 3010
Juha Rouhiainen, VP, Investor Relations, Metso Corporation, tel.
+358 20 484 3253
VP, Investor Relations
NASDAQ OMX Helsinki Ltd