Finnish engineering company, Metso, is to split its mineral services business area, which serves the aggregates industry, as well as mining and recycling customers, into two separate business areas: Minerals Services and Minerals Consumables.
The new Minerals Services business will consist of spare parts and service solutions, as well as supporting distribution and repair centre infrastructures, Metso said in a press release. The Minerals Consumables business will focus on wear part businesses, together with the foundries and other manufacturing operations, as well as supply chain infrastructure.
The Minerals Capital business segment will remain responsible for the sale of large capital equipment, such as the company’s mobile and static crushers and screens.
“The new structure will allow a natural split of the services business and a clearer focus to drive further growth for services in close co-operation with the minerals equipment businesses,” said Nico Delvaux, President and CEO of Metso.
The heads of the new business areas are expected to be names in the near future, the company said, and will report to Delvaux, joining Metso’s Executive Team. The new structure will come into effect at the beginning of 2018.