Monday 19 April 2021

Metso Outotec completes divestment of its aluminium business

, 12 days ago

Metso Outotec said it has completed the divestment of its aluminium business to Reel International, headquartered in France.The divestment to Reel was announced on December 28, 2020.
The divested business comprises equipment and plant solutions to green anode plants, anode rodshops, and casthouses used in aluminium smelters, as well as the related services. Metso Outotec will continue to serve its customers in certain other parts of the aluminium value chain, such as alumina refinery and petroleum coke calcination technologies. 
“I would like to extend my sincerest thanks to the Aluminium team for its contribution to Metso Outotec and for the hard work to ensure a smooth transfer of the business. I wish the team great success under its new ownership at Reel,” said Jari Ålgars, President of Metals business area, Metso Outotec.  
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.   
Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2020 were about EUR 3.9 billion.--TradeArabia News Service


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