US EditionMetso to Divest Ferrous Business to SMS Group in Strategic Move to Strengthen Focus on Copper and Battery Minerals
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.4 Articles
4 Articles
Metso to Divest Ferrous Business to SMS Group in Strategic Move to Strengthen Focus on Copper and Battery Minerals
Metso to Divest Ferrous Business to SMS Group in Strategic Move to Strengthen Focus on Copper and Battery Minerals (IN BRIEF) Metso has agreed to sell its Ferrous business, including the travelling grate pelletizing and Circored™ direct reduction process, to SMS group, a global leader in metals industry technology. This deal, set to close in the first quarter of 2026, involves transferring around 180 employees from Germany, India, and China to S…
Metso has received an order from the Chinese company Huayou Group for tailings filtration equipment for the company's laterite nickel ore refinery in Indonesia.
Metso divests its Ferrous business to SMS group
Metso has signed an agreement to sell its Ferrous business to SMS group, a global company providing technology and services in plant construction and mechanical engineering for the metals industry. The businesses to be divested include, for example, travelling grate pelletizing and CircoredTM direct reduction process, as well as the related service business. Approximately 180 employees, primarily based in Germany, India and China, are planned to…
The transaction, which is subject to approval from competition authorities, is expected to be completed in the first quarter of 2026.
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
