During 2022, the LCS business experienced substantial growth, with more than 130 new agreements covering global and regional mining companies and large to mid-size quarries and aggregates contractors. The total value of the signed agreements is not disclosed.
"In 2022, we have managed to confirm several large LCS agreements on all continents with an increased focus on how we can help customers reach their sustainability targets. As an example, Metso Outotec has recently announced a major agreement for Boliden's Kevitsa mine in Finland, also covering a novel mill lining recycling service for used liners", says Annami Toukoniitty, head of integrated services solutions, Metso Outotec.
The 130 new LCS agreements are part of a portfolio of 560 long-term LCS agreements globally. The average contract duration is three years but can cover contracts from 12 months to multiple years of cooperation. Through its deep knowledge of the entire process – from equipment to a broad range of services to digital offerings, Metso Outotec can help customers exceed their performance and sustainability targets.
An increasing number of Metso Outotec LCS agreements are performance-based, according to which Metso Outotec gets paid according to the output of the customer's process, ensuring that all parties are working towards common objectives.
The Life Cycle Services offering covers the entire aftermarket portfolio, including process support and optimisation, sustainable wears, spares, and service solutions. Metso Outotec supports customers in ensuring safety and environmental performance, improving reliability and production for resource efficiency, and optimising the total cost of ownership. Read more about Life Cycle Services on Metso Outotec's website.