November 1, 2013 07:38 PM EEST
Metso completed the divestment of certain parts of its industrial rubber conveyor belt operations
Metso has completed the divestment of certain parts of its industrial rubber
conveyor belt manufacturing and related sales and services operations. The
operations comprise 27 locations with around 330 employees previously belonging
to Metso's Mining and Construction segment. The industrial rubber conveyor belt
manufacturing and sales and services locations in Finland were divested to
ContiTech Conveyor Belt Group. The industrial rubber conveyor belt sales and
services locations in Belgium, Germany, Netherlands, Norway and in Southern
Sweden were divested to Lutze Group. The divested sales and services operations
serve other customer industries than Metso's focus areas in mining and
construction. The price of the transaction will not be disclosed.
"Metso is a leading technology and services provider to the mining and
construction industries and we want to focus on strengthening this position also
in the future. At the same time we need to continuously improve the
competitiveness of our business and to further develop customer service. The
divestment is part of our strategy to develop and simplify our current
production capacity in Europe", says Pasi Jokela, SVP, Process Wears Solutions.
The ContiTech Conveyor Belt Group, a business unit under the ContiTech Division
of the automotive supplier Continental AG, is one of the world's leading
suppliers of technical rubber products and is a specialist for plastics
technology. The division develops and produces functional parts, components and
systems for the automotive industry and other important industries. ContiTech
has a workforce of approximately 28,000 employees. In 2012, it achieved sales of
about €3.7 billion.
The LUTZE-Group is a family owned business with two industrial sectors. The
conveyor business of Lutze Fördertechnik is focused on supplying and servicing
its customers mainly with quality conveyor belts and spray coat wear protection.
Lutze Kunststofftechnik engineers and manufactures polyurethane parts - also for
wear protection - in its own plant in Germany. In 2012, net sales amounted to
approximately € 25 million with around 160 employees.
Metso's mining and construction professionals specialize in always bringing the
right technology, processes, machinery and services to our customers in the
aggregates production, construction, mining and minerals processing and in metal
and waste recycling. Expect results.
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 contribute to
sustainability and deliver profitability to customers worldwide. Metso's shares
are listed on the NASDAQ OMX Helsinki Ltd.
For further information, please contact:
Pasi Jokela, SVP, Process Wears Solutions, Mining and Construction, Metso, tel
+358 46 876 2255