Metso reports growth in equipment orders for 2017

Metso reports growth in equipment orders for 2017

The orders, including from China and Europe, expand Metso's installed base globally.

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February 5, 2018
Edited by DeAnne Toto
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According to Metso, headquartered in Helsinki, the company experienced substantial growth in orders for its metal recycling solutions during 2017. The orders, which include major orders from China and Europe, expand Metso's installed base globally. The company says it also delivered several orders in the Asia-Pacific region and the U.S. to customers that range from large, multinational scrap yards and leading players in the steel industry to local, family-run metal scrap processors.

Metso says the deliveries cover its metal recycling product portfolio, including shears, balers and shredders. A number of the orders were for scrap shears, ranging from the small and midsized N-series shears to the heavy-duty EtaCut scrap shears, which are designed especially for scrap yards, steelworks and foundries.

"I am proud to say that Metso is a known and trusted supplier among metal recycling customers globally,” says Uffe Hansen, president of the recycling business at Metso. “Our product offering is one of the most comprehensive in the industry, and our market position is strong. During 2017, the global metal recycling market started to recover after the prolonged downturn, and customers are starting to invest to improve process efficiency and productivity. The improved scrap prices have been instrumental in that.”

Metso is not disclosing the total value of the orders or its customers’ names.

Metso says its product offering for metal recycling covers a wide range of equipment for the fragmentation, compaction and separation of virtually every type of metal scrap. Through the Lindemann, Texas Shredder and N-Series product lines, Metso offers a full range of preshredders, shredders, shears, balers and briquetters, along with the capability to develop custom solutions for customers' ferrous and nonferrous scrap separation processing needs. Metso says its equipment is “designed with state-of-the-art technology and the highest safety standards to help drive sustainable improvements in performance and profitability in our customers' businesses.”

In June 2017, Metso was recognized as the Scrap Equipment Provider of the Year by American Metal Market.

 

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