Metso Outotec to restructure Metals business for growth
17 Jan 2022
Hydrometallurgy business to be transferred from Metals to Minerals division while strategic review on remaining Metals business areas to decide their future course
Metso Outotec is restructuring its Metals business and changing the reporting structure by transferring its Hydrometallurgy business from Metals to Minerals close on the heels of the integration of its Minerals business and the successful turnaround of its Metals arm.
The Finnish solutions provider for the aggregates, minerals processing and mining sector said the objective of this next structural development in its business portfolio is to accelerate Metso Outotec’s “profitable growth in the minerals processing industry by more efficiently leveraging the opportunities and synergies in the minerals and hydrometallurgical processes”.
Having Hydrometallurgy as part of the Minerals business will enable enhanced customer service with a competitive and fully integrated ‘Planet Positive’ product offering, said Metso, as well as closer integration with the customers’ processes through digitalisation. Going forward, gold and battery chemicals businesses are among the interesting new synergistic growth areas, said the company.
Metso Outotec added that a strategic review will be conducted in the remaining Metals business area, consisting of the Smelting, Metals & Chemical Processing and the Ferrous & Heat Transfer business lines, as well as related aftermarket services.
“The review will focus on evaluating the best environment for developing the Metals business and its strategic fit in Metso Outotec’s business portfolio. All potential options will be considered, including development by Metso Outotec, co-development with a partner, or divestment. The review has no impact on Metals’ daily business conduct, sales, or project execution, which will continue with full commitment,” said the statement from the company.
“Metso Outotec’s financial reporting will be adjusted to reflect the new segment structure as of January 1, 2022. The financial year 2021 will be reported in line with the segment structure used during 2021. The restated segment financials will be provided prior to the Q1/2022 reporting,” informed Metso Outotec.