Metso has decided to relocate its waste recycling business to a new factory and office facility in Denmark. The company says part of the relocation costs will be funded by selling the current property and estate in Horsens, Denmark. Metso says it has received a firm purchase offer from a local developer.
Metso's current property is located within Horsens, and the company says developers are constantly seeking options to develop the area.
"We have now an opportunity to relocate our business to a logistically more suitable industrial area and offer the current property to be developed for other purposes," says Uffe Hansen, president, recycling business area, Metso.
The transaction is subject to final approval of the area's development plan by the Horsens City Council. According to Metso, the new facility will likely be ready in 2020.
Metso's recycling business provides equipment and services for mechanical treatment of metal scrap and solid waste. This business segment has about 100 employees. In total, 800 Metso waste shredders are in operation globally.
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