PROCESSING

Metso divests Tampere foundry

Metso has concluded the study related to its foundry in Tampere, Finland, announced in 2013. As a result, the company will divest the foundry to Finnish company TEVO. The new owner will continue operating the facility under the TEVO-Lokomo name.

Carly Leonida
Metso currently has five foundries and an extensive network of external casting suppliers

Metso currently has five foundries and an extensive network of external casting suppliers

All 128 employees will continue with their current contracts, and completion of the divestment is expected on March 1, 2015. Metso did not disclose the value of the transaction. "I am happy that the...

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