Metso

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Metso Corporation (Metso Oyj) was a Finnish company that made industrial machinery for mining, construction, recycling, oil and gas, and pulp and paper. In 2020, Metso split up: its minerals business joined with Outotec to form Metso Outotec, and a new company called Neles started. From July 1, 2020, Metso as a stand-alone company no longer existed.

Key facts
- Headquarters: Helsinki, Finland
- Key people: Mikael Lilius (Chairman), Pekka Vauramo (President and CEO)
- 2019 figures: Revenue about €3.6 billion, operating income about €418 million
- Employees: around 15,000

What Metso did
- Made equipment like crushers, screens, grinding mills, conveyors, and other systems for mining, aggregates, recycling, and process industries.
- Sold global customers who work in mining, construction, recycling, and related fields.

History in brief
- 1999: Metso created by merging Valmet and Rauma Oy.
- 2013: Metso split into Metso Corporation and Valmet Corporation.
- 2014: The Mining & Construction and Automation segments formed a new Metso Corporation; Pulp, Paper & Power became Valmet.
- 2020: Metso Minerals joined with Outotec; two new companies started—Metso Outotec and Neles.

Notable moves
- Growth in India and China; acquisitions and partnerships to expand capabilities, including McCloskey International (2019) and Brouwer Engineering (announced 2023).

Market position
- Competed with major players like FLSmidth, Outotec, ThyssenKrupp, Terex, Atlas Copco, Caterpillar, and Sandvik.