Metso Corporation’s press release on February 20, 2020 at 2:00 p.m. EET
Metso announced in 2018 a greenfield foundry project in Vadodara, India, with a target to increase the casting wears capacity for the mining and aggregate industries. The First Pour event was celebrated in India today, and the foundry will start production for customer deliveries for local and global markets in February.
“The state-of-the-art foundry will have a strong role in our global foundry network by serving our customers’ growing needs in the mining and aggregate industries worldwide. The new facility with its modern and efficient production processes increases our product availability with reduced lead times,” says Sami Takaluoma, President, Metso’s Minerals Consumables business area.
The foundry manufacturing process utilizes Lean principles, enabling strong on-time delivery performance, shorter lead times, and world-class quality of finished products. Metso is continuously exploring alternatives to develop its supply capabilities globally through its own manufacturing facilities as well as through a supplier network.
The initial foundry investment was announced in September 2018. The total investment value up to 2020 has been approx. EUR 25 million, including the purchase of the assets and development of the foundry. The new foundry employs 180 employees. In addition to the new foundry in Vadodara, Metso is continuing to develop its foundry unit in Ahmedabad.
In India, Metso employs more than 1, 400 people at 13 locations, serving all Metso’s customer industries.
Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 3.6 billion in 2019. Metso employs over 15,000 people in more than 50 countries.
For further information, please contact:
Sami Takaluoma, President, Minerals Consumables, Metso, Tel. +358 50 359 5106, E-mail: firstname.lastname@example.org
Helena Marjaranta, Vice President, Communications and Stakeholder Relations, Metso Corporation, Tel. +358 20 484 3212, E-mail: email@example.com