Industrial group Metso has announced a new operating model and organization to come into effect from 1 January 2018.
The company, which serves the mining, aggregates, recycling, oil, gas, pulp, paper and process industries, says the new organization is designed to accelerate its strategy implementation by strengthening its service and product businesses in the minerals and flow control markets. Growth will primarily be sought organically, but also through acquisitions.
"We will implement an organizational structure where businesses are built around similar customer, competitive and business dynamics," says Nico Delvaux, Metso's President and CEO."
He adds that the group's focus on innovation and technology will increase, to provide better solutions for sustainability, efficiency and productivity for customers.
The new business areas are:
- Mining Equipment;
- Aggregates Equipment;
- Minerals Services;
- Minerals Consumables;
- Recycling;
- Valves; and
- Pumps.
The heads of the business areas will report to Delvaux.
The group's current reporting segments – Minerals and Flow Control – are unchanged.