Metso Outotec cites crushers as carbon reduction contributor

Finland-based minerals and metals technology provider Metso Outotec has issued a review of its first quarter operations that includes references to changes it has made as a result of Russia’s invasion of Ukraine.

The company sold its equipment for the metal recycling sector last December, but points to activity in its aggregates recycling line as environmentally friendly.

Metso Outotec calls its work to develop a new range of electrically driven track-mounted Lokotrack crushers and screens part of its “strong commitment to contribute to the 1.5-degree climate target.”

Says the firm of Lokotrack, “This easy-to-use range of equipment will provide customers with lower operational costs and the possibility to use renewable energy sources.”

Continues Metso Outotec, “Also in April, we announced the acquisition of Tesab Engineering, which offers mostly mobile crushing equipment for aggregates applications. Tesab is a good fit for us, complementing our current offering in the mobile crushing and screening markets. We continue efforts with other potential acquisitions.”

The company says its business in now heavily sanctioned Russia “mainly consisted of large capital equipment deliveries to various mining and metals customers. In early March, the company temporarily ceased its project deliveries to Russia and is not taking new orders for deliveries to Russia. The company has no production assets or property, plant, and equipment in Russia and only marginal physical assets. The Russian business is accounted for unchanged, on a going concern basis in this interim report.”

Compared with the final quarter of 2021, Metso Outotec says its sales grew by 26 percent and its operating profits by 53 percent in the first three months of this year.