Metso sells Flexowell conveyor business
- Publishing Date
- 09 Apr 2010 4:01pm GMT
- Author
- Mining Magazine
Crushing & Conveying
Metso has announced that it will sell its Flexowell conveyor belt operations and related assets in Moers, Germany, to ContiTech Transportbandsysteme. Flexowell produces conveyor belts and systems for bulk material handling and is part of Metso’s Mining and Construction technology segment.
Conveyor belts and bulk material handling systems will continue to be part of Metso’s offering to mining and construction industries in the future. However, the sale is part of the company’s strategy to develop and simplify its current production network, the aim of which is to improve the competitiveness of the business and to further develop customer service. The final closing will require relevant regulatory approvals and the sale will have no material impact on Metso’s financial performance.
The sale will be completed on May 1, 2010 when all operations and assets will be transferred to ContiTech.
ContiTech is a development partner, manufacturer and system supplier of steel-cable and textile-ply conveyor belts and service materials with worldwide installation and maintenance service.
Conveyor belts and bulk material handling systems will continue to be part of Metso’s offering to mining and construction industries in the future. However, the sale is part of the company’s strategy to develop and simplify its current production network, the aim of which is to improve the competitiveness of the business and to further develop customer service. The final closing will require relevant regulatory approvals and the sale will have no material impact on Metso’s financial performance.
The sale will be completed on May 1, 2010 when all operations and assets will be transferred to ContiTech.
ContiTech is a development partner, manufacturer and system supplier of steel-cable and textile-ply conveyor belts and service materials with worldwide installation and maintenance service.
ALSO IN THE ARCHIVE...
More News By Subject
Site Search
Log inLatest Issue:
MM May 2012
-
Features
-
Editor's Comment
PROFESSIONAL PLACEMENTS
General Manager Processing - OK Tedi Mining
Ok Tedi Mining Limited operates a world class open pit mine and copper concentrator located in the Western Province of PNG.
Chief Operating Officer - TiZir Limited
Key Leadership Role with a $600M Joint Venture Project in West Africa, competitive salary package on offer with Residential and FIFO options.
Chief Executive Officer - Tin International Ltd
Tin International Ltd. (“TIN”) is in the process of becoming an ASX listed tin development company with assets located in Germany.
RECENT MINING COMPANY PROFILES
SEARCH OUR COMPANY DATABASE
Recently Created or Updated Company News Portals
Comments