BUSINESS: Metso to divide its minerals services into two new areas

HELSINKI, Finland – Metso will change its business area organization in the minerals segment. The current Minerals Services business area will be divided into two separate business areas: 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 their customers. The heads of the business areas will report to Metso's president and CEO and they will be members of Metso's executive team. This organizational change will have no impact on Metso's external reporting. The Minerals Services business area will consist of spare parts and service solutions as well as supporting distribution and repair center 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 organizational 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 had sales of about €2.6 billion in 2016 and employs over 11,000 people in more than 50 countries. Please visit either www.Metso.com or twitter.com/MetsoGroup.