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Metso to acquire full ownership of China’s Shaorui Heavy Industries

Metso Corp has exercised its option to acquire the remaining 25% interest in Shaorui Heavy Industries Ltd, a Chinese manufacturer of crushing and screening equipment.

The Finnish company took a 75% stake in Shaorui Heavy Industries in 2013.

“Shaorui business is growing and our expectations are positive. Today, they are one of the leading mid-market crushing and screening equipment producers in China, and full ownership provides us an opportunity to broaden our scope in terms of new markets and offering,” said Markku Simula, president of Metso’s Aggregates Equipment business area.

The deal is expected to be completed during the fourth quarter of 2019.