Metso, a leading provider of industrial equipment and services, has inked a significant 5-year Life Cycle Services (LCS) agreement with a prominent mining company in North America. This comprehensive agreement encompasses various key equipment technologies crucial for the customer’s operations across multiple sites. By fostering collaborative planning between Metso and the customer, the agreement aims to deliver consistency, transparency, and streamlined operations.
This contract marks one of the largest LCS orders ever received by Metso, spanning a substantial 5-year period and carrying significant value. The initial portion of the order was booked in the Minerals segment’s third quarter 2023 orders received, highlighting its significance.
The agreement is poised to revolutionize the customer’s operations by enhancing parts availability, thereby boosting equipment reliability and overall availability. With a focus on dynamic inventory replenishment, the contract aims to mitigate risks associated with sourcing visibility and potential supply chain disruptions.
Giuseppe Campanelli, President of the North and Central America market area, expressed satisfaction in the customer’s trust in Metso to ensure reliable and efficient production. He emphasized that Metso’s service concept, including owned and managed inventory services, will guarantee uninterrupted access to necessary parts, even during critical shutdown periods.
Metso boasts a vast portfolio of Life Cycle Services contracts globally, customized to address diverse customer needs by integrating Metso Owned Inventory with a range of expert services. This strategic approach is designed to tackle common inventory challenges faced by customers, ensuring seamless operations and optimal equipment performance.
Original source from industryeurope.com
