Metso reviews its loading and hauling operations in Finland and Sweden

Metso has announced a strategic review of its loading and hauling business units in Finland and Sweden, with a potential divestment under consideration. The review forms part of the company’s broader objective to focus on business areas that offer global scalability and meet targeted financial performance benchmarks in support of Metso’s long-term growth strategy.

As a primary outcome, Metso aims to divest the loading and hauling operations to an external party. Should the company be unable to identify a suitable buyer, it will evaluate the possibility of discontinuing the operations altogether. The business units under review currently employ around 110 people, most of whom are based in Finland.

“This type of consideration is never taken lightly, hence this announcement comes after a careful evaluation,” said Saso Kitanoski, President of Metso’s Consumables business area. He emphasized the company’s commitment to its workforce and clients, stating: “We recognize and highly value the dedication and professionalism of our employees in the loading and hauling business. We believe that the business’ value and future potential can be best realized under new ownership. We will work actively to identify interested parties. During this process, it goes without saying that we will actively take care of our customer commitments.”

Consultation processes will begin immediately in both Finland and Sweden, in line with national labor regulations. Metso stated that no final decisions will be made before negotiations with employee representatives have been completed.

The affected operations are located in Kokkola and Kalajoki in Finland, and in Luleå, Sweden. The business manufactures truck bodies, buckets, and ground-engaging tools for use in mining and aggregates applications.

The review comes as Metso continues to refine its portfolio and focus investment on core segments aligned with global demand and long-term profitability.

Source and Photo: Metso