Metso says it is consolidating its strong position in delivering tailored solutions to mining and aggregate customers through the continued expansion of its Life Cycle Services (LCS) program. In 2023, Metso secured more than 110 new LCS contracts with global and regional mining companies as well as with sizeable quarries and aggregate contractors, it says.

During 2022, the company said its LCS business experienced substantial growth with more than 130 new agreements covering these applications.

Miika Tirkkonen, Senior Vice President, Integrated Service Solutions, Metso, said: “We secured more than 110 new LCS agreements worldwide. Our concentration is always focused on how we can help customers achieve their sustainability and productivity goals and exceed their performance. This growth celebrates our customer success, as we always work to best ensure customer satisfaction.”

The LCS agreements made last year are part of a portfolio of more than 500 long-term LCS agreements globally. The average duration of a contract is three years but can range from 12 months to multiple years of cooperation. The orders are booked on a phased basis, depending on the length of the agreement. More than two thirds of the orders were booked in the Minerals segment and the remaining orders were booked in the Aggregates segment.

Life Cycle Services encompass the complete range of Metso’s aftermarket portfolio, from spares and wears to advanced maintenance, remote monitoring and other expert services.