HELSINKI, Finland, Aug. 17, 2015 (GLOBE NEWSWIRE) -- Metso continues to transform its mining business operations and announces the closure of the manufacturing operations at the York, Pennsylvania, USA plant as of March 31, 2016. The decision affects approximately 80 employees currently employed at the plant. Metso's other business operations operating out of the York offices will not be affected and the company will continue to offer Metso's full scope of engineering, equipment and services to its customers.
"The mining industry is changing their business model to cope with the current market outlook. This is a permanent change in the mining industry and we need to find new and more efficient ways to run our business. After careful evaluation of our supply chain model, as well as the current and future workload, we did not see any other option than to close the York manufacturing plant. This is a very unpleasant but necessary action for us", says João Ney Colagrossi, President, Minerals business area, Metso.
The market outlook in the mining industry remains unchanged. Metso continues to transform its mining business operations by implementing a leaner business model, employing a light assets and sourcing concept to fulfill customer demand while sustaining improved operating results. As an earlier initiative, Metso closed the manufacturing operations at the Lachine manufacturing plant in Quebec, Canada in the first half of 2015, affecting 191 employees.
Metso is the world's leading industrial company in the mining and aggregates industries and in the flow control business. Our knowledge, people and solutions help drive sustainable improvements in performance and profitability in our customers' businesses.
Metso has an uncompromising attitude towards safety. Our products range from mining and construction equipment and systems to industrial valves and controls. Our solutions are delivered and supported by decades of process knowledge and a broad scope of services backed by a global footprint of over 90 service centers, thousands of service employees, and an extensive logistics network.
Metso is listed on the NASDAQ OMX Helsinki, Finland. In 2014, Metso's net sales totaled EUR 3.7 billion. Metso employs approximately 14,000 industry experts in more than 50 countries. Expect results.
For further information, please contact:
Korlan Strayer, Senior Vice President, Global Procurement, Minerals, Metso, Tel. +1 717 849 7419, Email: email@example.com
Jussi Ollila, Vice President, Global Communications, Metso Corporation, Tel. +358 20 484 3212, Email: firstname.lastname@example.org