Metso is currently evaluating the future of its loading and hauling operations in Finland and Sweden. This assessment is part of the company’s objective to align its offerings with businesses that possess a global scale and financial performance that supports Metso’s growth ambitions.
As a key aspect of this process, Metso intends to divest its loading and hauling business to an external party. Should a suitable buyer not be identified, the company may consider discontinuing and winding down operations in both Finland and Sweden, where approximately 110 employees are based, predominantly in Finland.
Saso Kitanoski, president of the consumables business area at Metso, stated, “Such considerations are never taken lightly; hence this announcement follows a thorough evaluation. We recognise and highly value the dedication and professionalism of our employees in the loading and hauling business. We believe that the value and future potential of this business can be best realised under new ownership. We will actively seek interested parties and, during this process, will ensure that our customer commitments are maintained.”
Metso will initiate consultation processes in Finland and Sweden today, in compliance with country-specific legislation, to discuss the planned changes and their potential impacts. Any decisions and subsequent steps will only be made after concluding negotiations with local unions.
The loading and hauling business operates in Kokkola and Kalajoki, Finland, as well as in Luleå, Sweden, producing truck bodies, buckets, and ground-engaging tools for various applications in mining and aggregates.
For more information visit www.metso.com
