Metso sells Flexowell conveyor belt operations, assets
Metso has sold its Flexowell conveyor belt operations and related assets in Moers, Germany, to ContiTech Transportbandsysteme GmbH.
Flexowell operations consist of conveyor belts and systems for bulk material handling, and it is part of Metso’s Mining and Construction Technology segment. Conveyor belts and bulk material handling systems will continue to be an essential part of Metso’s offering to mining and construction industries also in the future, the company says.
The sale is part of Metso’s strategy to develop and simplify current production network, the aim of which is to improve the competitiveness of the business and to further develop customer service. The final closing will require relevant regulatory approvals. The sale will have no material impact on Metso’s financial performance.
Flexowell conveyor belt business is planned to be transferred to ContiTech Transportbandsysteme GmbH on May 1, 2010. All personnel related to the Flexowell operations in Moers will be transferred to ContiTech Transportbandsysteme GmbH.
ContiTech Transportbandsysteme GmbH is a development partner, manufacturer and system supplier of steel-cable and textile-ply conveyor belts, service materials and special products with worldwide installation and maintenance service. ContiTech Transportbandsysteme GmbH is owned by ContiTech AG.
From our partners
MORE FROM Manufacturers News
SUBSCRIBE & FOLLOW
- Two teens dead after falling through ice at quarry744 Views
- CRH emerges as frontrunner for Holcim and Lafarge assets550 Views
- MSHA files more discrimination complaints in 2014 than any other year305 Views
- Caterpillar full-year earnings dip with bad 4Q; 2015 doesn't look good either282 Views
- A. Colarusso and Son acquires Holcim land in NY135 Views