Tuesday, November 25, 2008

METSO TO SUPPORT LOCAL INDUSTRY THROUGH ‘TOUGH TIMES’


Metso Australia (OMX), the global engineering and technology corporation said today it has successfully integrated its newly-acquired conveyor belt fabrication and service facility in Jandakot into the group’s Mining and Construction Division.
Metso purchased the Jandakot operation in October this year from G & F Beltline Services Pty Ltd (Beltline), a private family trust providing conveyor belt installations and maintenance services to the Australian resources sector.
Metso’s Administrative Managing Director - Asia Pacific Region, Helen Herbage, said the Company’s US$9 million investment in the Jandakot facility is an expression of confidence in the future of Western Australia’s resources sector.
“Metso’s local investment at a time when capital expansions around the country are being shelved, is a clear indication that we are here for the long haul.
“Metso is a household name in the Australian resources and bulk commodities sectors. We have been, and continue to be a significant provider of equipment, services and process solutions to a range of industries.
“Particularly now in the context of the global financial crisis, we have an important role to play to provide appropriate solutions to customers who are competing for scarce finance capital.  
“In recent months we have seen a shift in inquiries from new capital installations, to increasing interest on Metso’s repair and refurbishment services. This is where we can add the most value to customers in the current market context,” Ms Herbage said.  
“We look forward to continuing servicing the belt lines for Beltline customers and to expanding the installed base further. We will use the acquired service network and resources to further reinforce Metso’s overall service offering to the mining industry in Western Australia,” said Ms Herbage.The acquisition provides Metso with a belt fabrication shop in Jandakot and four service workshops close to Western Australia's mining activity. With an experienced workforce of 90 staff, the shop fabricates conveyor belts and auxiliary equipment and is able to handle belt reels and jobs of any size and complexity. 


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