Metso says it continues to strengthen its place as a trusted associate in offering customised options for mining and aggregates purchasers by increasing the variety of its Life Cycle Providers (LCS) agreements.
In 2024, Metso secured over 100 new LCS contracts with each world and regional mining firms, in addition to massive quarries and combination contractors.
Final yr, prospects more and more recognised the worth of getting performance-based contracts in place, in addition to the advantages of together with discipline service choices throughout the contracts to supply important on-site technical experience and help, Metso says.
In 2023, Metso secured greater than 110 new LCS contracts with world and regional mining firms in addition to with sizeable quarries and combination contractors, it stated.
Miika Tirkkonen, Senior Vice President, Built-in Service Options, Metso, stated: “Along with newly signed contracts, we achieved progress in remodeling our contract portfolio combine with the addition of extra performance-based agreements. In 2024, Metso reached over 40% progress in performance-based contracts, which embody mutually agreed targets with prospects and business fashions that foster win-win partnerships. Having Metso’s discipline service consultants work alongside the shopper’s personnel on-site additionally enhances their expertise and promotes safer working strategies.”
The LCS agreements made in 2024 are a part of a portfolio of greater than 550 long-term LCS agreements globally. The typical period of a contract is three years, however can vary from 12 months to a number of years of partnership. The orders are booked on a phased foundation, relying on the size and kind of the settlement. The particular monetary particulars of the signed agreements will not be disclosed. Greater than two-thirds of the orders have been booked within the Minerals phase and the remaining orders have been booked within the Aggregates phase.
Metso stated: “Life Cycle Providers embody the entire vary of Metso’s aftermarket portfolio, from spares and wears to superior upkeep, distant monitoring and different professional companies. We help prospects in enhancing security and environmental requirements, boosting reliability and manufacturing for better useful resource effectivity and optimising the general value of possession. Metso has been providing progressive Life Cycle Providers for over 15 years.”
