FLSmidth to explore divestment options for its Cement business

FLSmidth has announced that it will explore the available divestment options for its Cement business.

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The company says its objectives are to enable the Cement business to maximise its full potential as well as to further strengthen its Mining business as a full flowsheet technology and service provider to the global mining industry.

The Mining and Cement businesses are very different in terms of market dynamics and industry fundamentals, with limited synergies and overlap in customer base and product offerings between the two businesses.

Group CEO of FLSmidth A/S, Mikko Keto, said: “Our Cement business has shown robust performance and good strategic progress over the past years. This gives me great comfort in Cement’s ability to continue its positive journey, also – and maybe even more so – under another ownership than FLSmidth’s. We have a clear ambition of further strengthening our market-leading position in Mining, and we see tremendous long-term opportunities for the business backed by strong industry fundamentals and a positive long-term market outlook.”