Finland-based Metso has announced plans to close its mining equipment manufacturing plant in York, Pennsylvania, US.
The company’s latest decision to close the plant as of 31 March 2016 is in response to a volatile commodity market.
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By GlobalDataThe closure is expected to affect about 80 employees currently employed at the plant.
Metso said that the company’s other business operations operating out of the York offices will not be affected.
Metso Minerals business area president João Ney Colagrossi said: "The mining industry is changing their business model to cope with the current market outlook.
"This is a permanent change in the mining industry and we need to find new and more efficient ways to run our business.
"After careful evaluation of our supply chain model, as well as the current and future workload, we did not see any other option than to close the York manufacturing plant."
Metso is currently revampign its mining business by implementing a leaner business model and employing a light assets and sourcing concept to fulfill customer demand.
In the first half of 2015, the company closed manufacturing operations at the Lachine manufacturing plant in Quebec, Canada making 191 employees redundant.
Image: Metso Lokotrack LT106. Photo: courtesy of Ralf Salonen /Metso Corporation
