First publishedon www.AggBusiness.com
Quarrying and mining equipment provider Metso is moving its pumps business area under the minerals segment.
The Finnish company says the change, which takes place with immediate effect, is designed to better support the common customer interface and the growth plans of the pumps business area.
Previously, pumps was reported under the flow control segment together with valves. Metso says it will continue to report externally under the two segments, minerals and flow control, and will run its operations through seven business areas grouped under these two segments.
The company said in a stock exchange release that the majority of its pumps business area's customers are common to the minerals segment, and sales already largely operate through the minerals market area structure.
Going forward, the pumps business area will be headed by Mikko Keto, who acts also as president of Metso's minerals services business area. John Quinlivan will continue as president of the valves business area.