Top 10 Processing Plant Suppliers in the World in 2021 by Revenue

Sandvik AB, Metso Outotec Corp, Terex Corp, ThyssenKrupp Industrial Solutions AG, and FLSmidth & Co AS are the top 5 processing plant suppliers in the world in 2021 by revenue. Cumulatively, the top 10 processing plant suppliers in the world generated revenue of $31,075 million, with average revenue growth of 16.8%, the highest revenue was generated by Sandvik AB ($9,991 million), followed by Metso Outotec Corp ($5,009 million) and Terex Corp ($3,887 million), while the lowest increases were registered by KHD Humboldt Wedag International AG ($268 million). The highest revenue growth was registered by KHD Humboldt Wedag International AG (49.6%), followed by Metso Outotec Corp (27.6%), while The Weir Group Plc reported a decline in its revenues by 1.6%. In terms of the geographical split, 7 out of the world's top 10 processing plant suppliers are based in Europe, while 2 are based in North America, and the remaining 1 is based in Asia. They employed a total of 112,092 people in 2021. The Sweden-based Sandvik AB is the leading processing plant supplier in the world by revenue. The company reported revenues of $9,991 million for the fiscal year ended December 2021 (FY2021). Revenue grew due to several acquisitions related to manufacturing software. The company is a high-technology engineering company, which specializes in material technology and industrial processes. The company’s major offerings include metal cutting tools and tooling systems, mining and rock excavation equipment, stainless steel, special alloys, titanium, furnace products, heating systems, and digital manufacturing solutions, and employs 38,913 people. ThyssenKrupp Industrial Solutions AG (ThyssenKrupp) is another leading processing plant supplier in the world by revenue. ThyssenKrupp’s products include raw materials, clinker, cement, concrete, ammonia, urea, nitrates, hydrogen, organic chemicals, coke oven batteries and machines, mining systems, and materials handling equipment. It also provides polymers, polyolefins, PVC, biopolymers, building materials, and construction materials, among others. ThyssenKrupp offers services such as raw materials preparation, gas technologies, coke oven gas treatment, mineral processing, materials handling, and asset management services. The company also provides revamps, modernization, engineering, construction, procurement, development, management, consultation, relocation, modification, operation and maintenance, and training services.