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Metso awarded with over 110 new Life Cycle Service contracts in 2023

Published by , Editorial Assistant
Global Mining Review,

Metso is consolidating its strong position in delivering tailored solutions to mining and aggregate customers through the continued expansion of its Life Cycle Services (LCS) programme.

In 2023, Metso secured more than 110 new LCS contracts with global and regional mining companies, as well as with sizable quarries and aggregate contractors.

“We secured more than 110 new LCS agreements worldwide. Our concentration is always focused on how we can help customers achieve their sustainability and productivity goals and exceed their performance. This growth celebrates our customer success, as we always work to best ensure customer satisfaction,” said Miika Tirkkonen, Senior Vice President, Integrated Service Solutions, Metso.

The LCS agreements made last year are part of a portfolio of more than 500 long-term LCS agreements globally. The average duration of a contract is 3 years but can range from 12 months to multiple years of cooperation. The orders are booked on a phased basis, depending on the length of the agreement. The specific financial details of the signed agreements are not disclosed. More than two thirds of the orders were booked in the Minerals segment and the remaining orders were booked in the Aggregates segment.

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