Metso Outotec says its strategy is characterised by a strong focus on sustainability and commitment to the 1.5˚C climate target. It adds that the mining, aggregates and metals refining industries play a significant part in improving energy and water efficiency, reducing emissions and advancing circularity globally.
The merged operation has over 15,000 employees, presence in over 50 countries and sales close to €4bn in 2020, and is one of the largest in its field.
“Our shared ambition with our customers and society at large is to use natural resources in a responsible manner,” says Pekka Vauramo, president and CEO of Metso Outotec. "A significant share of our business today comes from technologies that help our customers improve safety, lower their energy and water consumption or reduce emissions."
Metso Outotec has launched 24 new products or services during its first 12 months, such as energy- and water-efficient mining and industrial filtration solutions, circularity solutions to treat electronic scrap, a furnace camera for safer smelting operations and three shutdown services programs for improved performance.
The company comments: "More than 100 products that have proven sustainability features with our Planet Positive label is a tangible sign of commitment to a safer or more environmentally advanced processing of minerals and metals. Over 90% of Metso Outotec’s R&D projects also have sustainability targets defined."
Its work to advance sustainable business was recognised in early 2021, as Corporate Knights named Metso Outotec 8th in their list of the world’s most sustainable companies.
The company says that synergies from its joint operations are progressing well. By the end of March, the achieved cost synergies totaled €83m and the target of 120 million year-end run rate is within reach. It adds that revenue synergies from cross-sales opportunities are also supporting sales.
“Looking back, we have witnessed great progress during the first twelve months together, and it has truly been a remarkable journey," says Vauramo. "Not only are we doing well against our synergy targets, but it has also been great to see how well our sustainability-focused strategy resonates with our customers, employees and other stakeholders, and how they recognise the value we generate."
