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Metso has secured its largest analyzer Life Cycle Services (LCS) agreement to date with a major copper producer in South America. The 5-year agreement represents an important milestone in the development of Metso's analyzer services offering and demonstrates growing interest in outcome-based business models within the mining industry.
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LCS solution hero – Analyzers
© Metso
LCS solution hero – Analyzers
© Metso
The agreement is valued at over € 40 million over five years and the first part of the order is booked to the Minerals segment's third-quarter orders received. Further order bookings will be made in accordance with a predefined schedule as milestones under the agreement are reached.
"The agreement further strengthens Metso's position in analyzer solutions and services for mining customers in South America. Delivery will be supported by Metso's regional analyzer and service experts together with global technology teams,” says Manuel Sanchez, Manager, Business Field Service, Market Area South America.
The agreement combines on-stream analyzer technology, engineering expertise, and long-term operational support under a single commercial framework. The scope includes analyzer modernization, new analyzer and sampling systems, technical services, spare parts, digital support, and operation and maintenance services over a five-year period. Elemental and particle size on-stream analyzers have a significant impact on process performance as they enable process control and optimization with accurate, reliable, and fast measurements from process streams.
"Mining customers are increasingly looking for partners that can combine strong equipment technology, services and operational expertise to deliver measurable performance improvements. This agreement demonstrates the value of Metso's end-to-end capability by bringing together analyzer technology, engineering, digital capabilities and services under a single framework that supports our customer's operational objectives," says Miika Tirkkonen, Senior Vice President, Beneficiation & Dewatering Services.
Analyzer as a service enables customers to purchase defined processing outcomes through performance-based agreements that combine equipment, services and digital capabilities into integrated solutions. Through this approach, Metso helps customers improve operational performance while creating long-term value throughout the lifecycle of their operations.
Metso LCS focuses on a specific goal or continuous long-term performance improvement measured by mutually agreed, shared targets. The Metso LCS scope spans the full Metso aftermarket and equipment offering. Metso’s LCS model is well established globally, with more than 600 active contracts currently supporting customers worldwide. Read more about Metso Life Cycle Services here.