Continuing Life Cycle Services success for Metso
Company awarded with more than 110 new Life Cycle Services agreements last year
METSO say they have consolidated their strong position in delivering tailored solutions to mining and aggregate customers through the continued expansion of their 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,’ said Miika Tirkkonen, senior-vice president of Integrated Service Solutions at Metso. ‘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.’
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 three years but can range from 12 months to multiple years of co-operation.
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.
Life Cycle Services encompass the complete range of Metso’s aftermarket portfolio, from spares and wears to advanced maintenance, remote monitoring, and other expert services.
The company aims to assist customers in enhancing safety and environmental standards, boosting reliability and production for greater resource efficiency, and optimizing the overall cost of ownership. Metso have been offering innovative Life Cycle Services for more than 15 years.
