Metso, a global industrial equipment and services company, has established a rubber and poly-met wear parts manufacturing facility in Lithuania.
The new manufacturing location will start operations at the end of second quarter of 2020.
“We need to actively respond to changes in our competitive environment and improve our flexibility in fulfilling our mining customers’ needs globally,” said Sami Takaluoma, president of minerals consumables at Metso.
“Based on our analysis, Lithuania has been identified as an attractive location for a new manufacturing hub. The closeness of our current customers in the Europe, Russia, Middle East and Africa region, efficient logistics network, sustainable operational environment and favourable market conditions were important criteria in the decision making,” Takaluoma said.
The new facility is located in the region of Šiauliai in northern Lithuania. The factory will employ 80 people by end of 2020.
In 2019, Metso opened a new Metso Business Services (MBS) centre in Vilnius, the capital of Lithuania.
The MBS centre offers services for Metso’s finance operations and customer logistics. Currently the centre employs about 80 experts.
Metso is listed on the Nasdaq Helsinki in Finland and had sales of about $4.03 billion in 2019. Metso employs over 15,000 people in more than 50 countries.