Part of the relocating costs will be funded by selling the current property and estate in Horsens, Denmark. Metso has received a firm purchase offer from a local developer.

Horsens is one of the fastest growing cities in Denmark. Metso's current property is located within the city's limits, and developers are constantly seeking attractive options to develop the area. "We have now an opportunity to relocate our business to a logistically more suitable industrial area, and offer the current property to be developed for other purposes," explains Uffe Hansen, President, Recycling business area.

The transaction is subject to final approval of the area's development plan by the Horsens city council. The new facility, optimized for business needs, is estimated to be ready in 2020.