Photo courtesy of Metso Corp.
Metso Corp., which makes equipment for the mining, metals refining and aggregates production markets, has reported that the value of orders it received in this year’s third quarter rose by 2 percent compared with the third quarter of 2024, but orders in its Aggregates segment rose by 8 percent.
Finland-based Metso reports 10 percent year-on-year sales growth in the third quarter, with that figure rising by 9 percent in its Aggregates segment, which includes the production of crushing and screening equipment used by concrete recyclers.
“Customer activity remained robust in the third quarter, continuing the positive momentum established earlier in the year,” President and CEO Sami Takaluoma says.
“In the Aggregates segment, normal seasonal patterns led to a decline in demand compared to the previous quarter. However, demand remained higher year-on-year in most of our main markets. Given that the United States is our largest market in Aggregates, we continue to closely monitor the tariff situation and its potential negative impact on customer activity.”
Orders in the Metso Aggregates segment grew by 8 percent, with Takaluoma adding that growth there was positively impacted by acquisitions completed at the end of last year, as well as a recovery in European markets.
In late 2024, Metso acquired U.S.-based wood processing equipment maker Diamond Z Manufacturing and aggregates screening equipment producer Screen Machine Industries from Crane Group, an Ohio-based family-owned investment company.
“In September, we launched our new ‘We go beyond’ strategy, which places customers at the heart of everything we do and unlocks Metso’s full potential for growth and profitability," Takaluoma says. "By focusing on customer experience, sustainability and safety leadership and financial excellence, we are setting new benchmarks for our industry. In Aggregates, we are reinforcing our leadership in aftermarket and recycling.”
Metso expects market activity in both its Minerals and Aggregates sectors will be stable in the quarter now underway, and adds that tariff-related turbulence could potentially affect global economic growth and market activity.
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