Metso Outotec has ended wind down and discontinued business in Russia

Metso Outotec Corporation’s press release on April 24, 2023 at 09:00 a.m. EEST 

Metso Outotec has not taken new orders from Russia since Russia’s attack on Ukraine in February 2022. To speed up discontinuation of contracts made before the war, the company started negotiating with its non-sanctioned customers to wind down open contracts.  

This wind down process was completed in the first quarter of 2023, and Metso Outotec has since discontinued business with Russia.  

To cover the costs of the wind down process, the company booked a non-recurring charge of EUR 150 million in the second quarter of 2022.  

Metso Outotec has fully complied with all applicable sanctions against Russia.  

Further information 

Helena Marjaranta, Vice President, Communications and Brand, Metso Outotec, tel. +358 20 484 3212, email: helena.marjaranta(at)mogroup.com 

Metso Outotec is a frontrunner in providing sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By helping our customers increase their productivity, improve their energy and water efficiency and environmental performance with our process and product expertise, we are the partner for positive change.  

Headquartered in Helsinki, Finland, Metso Outotec employs over 16,000 people in close to 50 countries and sales for 2022 were about EUR 5.3 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, twitter.com/metsooutotec