Equipment Report

Metso Acquires Svedala

Metso Oyj, Helsinki, Finland, a global supplier of products and services for rock and mineral processes, is acquiring Sweden’s Svedala Industri AB for $1.6 billion in cash and assumed debt to expand it’s rock-crushing business.

Metso will combine Nord-berg, its rock and mineral processing business, with Svedala to create a global marketer in the supply and service of processes and related equipment for the civil engineering, construction and mineral processing industries.

“The combination of Metso and Svedala has compelling industrial logic and we consider it to be positive for our customers and employees,” says Rune Andersen, chairman of Svedala. “I view Metso as a logical and long-term industrial owner.”

The large combined installed machine base, together with the strength and wide geographical reach of the combined distribution and service network, will significantly enhance Metso’s growth prospects in rock and mineral processing and as a whole, the company said.

“Combining the businesses allows Nordberg and Svedala to develop service and other customer support activities and thereby better address the rapidly evolving needs of increasing numbers of global customers in a consolidating but growing industry,” says Heikki Hakala, president and CEO of Metso Corp.

Metso Corp., with annual net sales of $1.5 billion, is making a cash offer to the shareholders of Svedala for about $21 per share, whereas holders of convertible debentures are being offered about $28 per share, with a nominal amount of about $27.

The offer for the shares represents a premium of about 54% to the closing share price on June 20, 2000 and 29% based on the average for the 12 months prior to the offer. Metso will also assume debt worth about $528 million.

The acquisition is subject to approval by Svedala shareholders.

Installations: Telsmith Jaw Crusher

The first installation of the 3583 jaw crusher made by Telsmith Inc., Mequon, Wisc., has been completed in the Atlanta area.

The Telsmith 3583 features a hydraulic relief system and is designed to allow the operator to open the crusher and discharge any material if the jaw is full of product and the machine should stop for any reason.

The system also protects from temporary overload and features reversible jaw dies. The production capacity of the 3583 according to Telsmith, is 870 tons per hour.

Vermeer Debuts its Largest Grinder V

ermeer Manufacturing Co., Pella, Iowa, has introduced the TG800, which it bills as offering “the largest inside tub diameter in the industry” at 11 feet.

The company says the new model is “capable of taking on heavy-duty, high production grinding applications.”

In addition to the 11 feet in diameter tub, the TG800 features a 60-inches-wide infeed belt conveyor with moveable plows to assist material movement. The 48 inches wide rear discharge conveyor can move at up to 1,300 feet per minute.

Fingerscreener Finds Home in Soil Recycling

A contaminated soil processing and recycling firm is using an Erin Fingerscreener 165 machine to size and separate contaminated soil components.

After materials are brought to Aggregate Recycling Corp., Eliot, Maine, they are weighed and then loaded onto the Fingerscreener to screen materials to a two-inches minus fraction.

The larger stones, rocks and other items are removed for further processing while the screened material is shipped to an asphalt pug mill to be mixed with liquid asphalt. The larger stones screened out are crushed and sold as a secondary aggregate to contractors.

The soils brought to Aggregate Recycling Corp. include soils exposed to coal ash, sand blast grit and catch basin grit.

Detroit Firm Tames Second Beast

J.H. Hart Urban Forestry, Troy, Mich., has purchased its second Model 3680 “Beast” Recycler from Bandit Industries Inc., Remus, Mich.

The custom grinding service company uses its Beasts to reduce wood waste generated by construction contractors, municipalities and landscapers. The end product made can be used as fuel, mulch or compost from infeed materials ranging from stumps and large logs to waste wood and lumber. The machine can also handle pallets, shingles, asphalt and other forms of construction and demolition debris.