Metso agrees to divest certain parts of its industrial rubber conveyor belt manufacturing and related sales and services operations in Northern Europe to ContiTech and Lutze Group
(Thomson Reuters ONE) -
Metso Corporation's press release on September 3, 2013 at 1.20 p.m. local time
Metso has agreed to divest certain parts of its industrial rubber conveyor belt
manufacturing and related sales and services operations. The operations comprise
27 locations with around 340 employees currently belonging to Metso's Mining and
Construction segment. The industrial rubber conveyor belt manufacturing and
sales and services locations in Finland will be divested to ContiTech Conveyor
Belt Group. The industrial rubber conveyor belt sales and services locations in
Belgium, Germany, Netherlands, Norway and in Southern Sweden will be divested to
Lutze Group. The price of the transaction will not be disclosed.
Industrial rubber conveyor belts and related services will continue to be an
essential part of Metso's offering to mining and construction industries also in
the future. The planned divestment is part of Metso's strategy to develop and
simplify its current production capacity in Europe. The aim is to improve the
competitiveness of the business and to further develop customer service. The
sales and services operations planned to be divested serve other customer
industries than mining and construction.
Completion of the planned divestment is expected to occur during Q4/2013. The
planned divestment will have no material impact on Metso's financial
performance.
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.
www.metso.com/miningandconstruction
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 profitability to customers worldwide. Metso's shares are
listed on the NASDAQ OMX Helsinki Ltd.
www.metso.com, www.twitter.com/metsogroup
For further information, please contact:
Pasi Jokela, SVP, Process Wears Solutions, Mining and Construction, Metso, phone
+ mobile No : +358 46 876 2255.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Metso Corporation via Thomson Reuters ONE
[HUG#1726839]
Unternehmensinformation / Kurzprofil:
Datum: 03.09.2013 - 12:20 Uhr
Sprache: Deutsch
News-ID 292982
Anzahl Zeichen: 4067
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Metso agrees to divest certain parts of its industrial rubber conveyor belt manufacturing and related sales and services operations in Northern Europe to ContiTech and Lutze Group"
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