SIAULIAI, Lithuania—Finnish industrial machinery maker Metso Corp. plans to open a new rubber parts manufacturing plant for the mining industry in northern Lithuania.
Scheduled for operation at the end of the second quarter, the factory in Siauliai will manufacture rubber and mill lining wear parts for conveyor belts and heavy materials handling in the mining industry, according to a March 2 statement.
To be fully operational by the end of 2020, the factory is expected to create 80 jobs, according to Metso.
News of the new plant comes less than three months after Metso disclosed plans to shut down a similar production operation in Ersmark, Sweden, by the end of 2020.
"We need to actively respond to changes in our competitive environment and improve our flexibility in fulfilling our mining customers' needs globally," Sami Takaluoma, president of the minerals consumables business area, said in a statement.
According to Takaluoma, Lithuania has been identified as an "attractive location" for a new manufacturing hub.
Proximity to current customers in the Europe, Russia, Middle East and Africa as well as "efficient logistics network, sustainable operational environment and favorable market conditions" were some of the key criteria in the decision making, Takaluoma added.
Metso is supplier of equipment and services for the processing and flow of natural resources in the mining, aggregates, recycling and process industries.
As part of its expansion project in Lithuania, the company opened a new Metso business services center in the capital city of Vilnius.
The MBS center offers services for Metso's finance operations and customer logistics and currently employs about 80 people.