Thursday, July 31, 2014 11:45 pm

HELSINKI, Finland – Metso Corporation announced that it has decided on a new strategy and a new operating model, designed to drive growth in the company's core businesses and strengthen its financial performance and value creation. This will also help Metso continue its transformation into a services and products-focused industrial player with attractive structural growth and high margin opportunities across its portfolio of services, products, and system deliveries, the company said.

Under the new strategy, Metso's core customer industries will be mining, oil & gas, and aggregates. Metso's goal is to strengthen its position as the leading technology and services provider for end-to-end minerals processing and to become a leader in flow control within the oil & gas and mining industries.

As part of its new strategy, Metso said it will study strategic alternatives, including potential divestment, for its current Process Automation Systems business, which primarily serves the pulp, paper, and power industries.