Metso Outotec has secured more than 100 life cycle services agreements during 2021, covering process support and optimisation, sustainable wears, spares, and service solutions.
The minerals processing manufacturer reported that 90 per cent of its life cycle services (LCS) agreements in 2021 were in the minerals segment, while 10 per cent were in aggregates.
Metso Outotec’s head of integrated services solutions Annami Toukoniitty said the growth in the company’s LCS business unit displayed a desire for increased cost efficiency across the industry.
“Our customers are increasingly interested in getting the most out of their valuable assets. The agreements are customisable to meet each customer’s unique needs,” Toukoniitty said.
“We are continuously expanding the LCS offering to new technologies; the latest launch was four progressive LCS programs for filtration, and we will soon introduce new technology specific packages for mining customers.”
The company wouldn’t disclose the total value of the 100 plus orders, but did declare it had more than 500 LCS agreements currently active in the global mining and aggregates sectors.
Meanwhile, Metso Outotec has also signed an eight-year €100 million ($AUD157.83 million) loan agreement for the development of its sustainable solutions across its operations and supply chain.
The loan from Nordic Investment Bank (NIB) included three sustainability-related targets:
- Reducing carbon dioxide (CO2) emissions from the Group’s own operations.
- Reducing CO2 emissions from the Group’s logistics.
- The Group’s suppliers having a science-based CO2 emissions reduction target.
Metso Outotec’s chief financial officer Eeva Sipilä said the company was determined to achieve its environmental goals with the help of NIB.
“In addition to managing our handprint CO2 emissions, emissions from customer operations, decreasing the environmental footprint of our own operations and in our logistics and supply chain is a high priority for Metso Outotec,” Sipilä said.
“We are further underlining this commitment with sustainable funding. I am delighted [about] the good co-operation with NIB in designing this sustainability-linked loan agreement.
“Reducing CO2 emissions is fundamental for us all to limit global warming to 1.5 degrees. Together with NIB we have truly built an industry-leading example of sustainable financing.”