Metso expands lifecycle services model

Metso has reported increased demand in its Life Cycle Services (LCS) offering for pumps as mining operators shift towards long-term service-based equipment models. Following the model’s introduction in 2025, the company has secured several small- and mid-sized multiyear contracts across Europe, Asia Pacific and the Americas.  (Image source: Metso) Service-based equipment models are gaining traction as miners seek more predictable operating costs across the life of an asset. In February, Metso also signed two five-year agreements covering the servicing of more than 100 slurry pumps for mining customers.  The aggregate value of the combined orders has not been?disclosed. LCS for pumps is Metso’s performance-based service model designed to improve equipment availability, extend component wear life and reduce total cost of ownership through long-term service agreements. Metso pump services vice president Roshan Kadanthode says the model reflects a broader shift in the mining sector away from transactional equipment purchases and towards lifecycle-focused service partnerships.   “Our customers want a partner who supports them throughout?the full lifecycle of their pumps,” he said.  “With LCS, we bring a?performance-based approach aligned with their operational and financial?targets, helping customers reduce downtime, improve efficiency, enhance safety, and secure reliable pumping performance?year-round.”? The company reports that the service model has measurable operational improvements include a 5-10% increase in pump availability and 15-25% extension in component wear life. Standardised maintenance practices and improved planning have also been associated with a 20-30% reduction in unplanned pump-related downtime.  Furthermore, improvements in energy and water efficiency were reported between 5-10%, alongside enhanced safety outcomes linked to a reduction in maintenance interventions and standardised servicing procedures.  Metso says its global service network — covering equipment delivery, repair, testing and recycling — underpins the rollout of the lifecycle service model across key mining regions.