Metso is restructuring its minerals business by dividing it into two separate areas.
The company’s minerals division will be split into new businesses known as: Minerals Services and Minerals Consumables.
Both new business areas will work in close co-operation with the Minerals Capital business to offer optimal end-to-end solutions for customers.
According to Metso, the heads of the business areas will report to the company’s president and CEO and they will be members of the executive team.
The Minerals Services business area will consist of spare parts and service solutions, as well as supporting distribution and repair centre infrastructures.
The Minerals Consumables business area will consist of wear part businesses together with the foundries and other manufacturing operations as well as supply chain infrastructure.
“The new structure will allow a natural split of the services businesses and a clearer focus to drive further growth for services in close co-operation with the minerals equipment businesses,” said Metso president and CEO Nico Delvaux.
The new organisational structure will become effective at the beginning of 2018, and the presidents of the new business areas will be nominated in the near future, Metso reported.