Wednesday, 02 March 2022 11:14

Update on Russia Ukraine conflict on Metso Outotec’s business

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2020 11 03 091235As a result of Russia’s military actions against Ukraine, the European Union, the United States and other countries have announced severe sanctions against Russia. While the mining industry is currently not directly targeted by the sanctions, sanctions against the banking sector and individuals as well as other restrictions may have an impact on Metso Outotec and our customers’ Russia related businesses. Due to the current unclear and changing sanction situation, Metso Outotec has temporarily ceased its deliveries to Russia.  

Metso Outotec’s customers in Russia operate in several mining and metals processing sites across Russia. Capital projects are typically long with deliveries taking place over the course of several years. Sales from Russia represented approximately 10% of Metso Outotec’s annual sales in 2021. Metso Outotec does not have own production in Russia, or any material procurement in the country.

Further information 

Juha Rouhiainen, Vice President, Investor Relations, Metso Outotec Corporation, tel. +358 20 484 3253

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. Metso Outotec is committed to limiting global warming to 1.5°C with Science Based Targets.

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2021 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com

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