16 Facts About Metso Outotec

Metso Outotec Oyj is a Finnish publicly traded company that was established in 2020 when Outotec and Metso Minerals merged.

Metso Outotec is focusing on providing technology and services for aggregates, minerals processing and metals refining industries.

In 2013, Metso Outotec demerged into two separate publicly traded companies.

Matti Alahuhta, the chair of the board of Metso Outotec, stated that Metso Minerals and Outotec complemented each other exceptionally well, since almost none of their operations were overlapping but rather consequent in the industry value chain.

Also, the customers were from different parts of the world: Metso Minerals was focused on North and South America, whereas Outotec's customers were located in Europe, Middle East and Africa.

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Metso Outotec started its operations in July 2020 and employed more than 15,000 people worldwide in more than 50 countries.

Metso Outotec had 190 offices of which 40 were going to be closed.

Metso Outotec had prepared for the effect of inflation by raising their prices monthly.

In January 2022, Metso Outotec announced an organizational change in which Hydrometallurgy was moved from Metals business area to Minerals business area.

In March 2022, Metso Outotec announced that they had temporarily ceased all deliveries to Russia.

Metso Outotec did not have its own production nor sourcing in Russia.

Metso Outotec provides technology and services for mining, aggregates and metal refining industries.

For example, Metso Outotec has delivered grinding mills to ArcelorMittal's Las Truchas iron ore in Mexico, a copper smelter to Indonesia and a vertical mill to Ferrexpo iron ore in Ukraine.

Metso Outotec's products include for example a vertical mill called Vertimill, which is used in mines to crush rocks.

Metso Outotec bought the vertical mill license in 1979 and continued developing it further.

Metso Outotec's competitors include for instance Swedish Sandvik and Epiroc that have similar business operations.