FLSmidth to explore divestment options for its Cement business [Yahoo! Finance]
FLSMIDTH & CO A/S S/ADR (FLIDY)
NASDAQ:AMEX Investor Relations:
flsmidth.com
Company Research
Source: Yahoo! Finance
Our objectives are to enable the Cement business to maximise its full potential as well as to further strengthen our Mining business' market-leading position as a full flowsheet technology and service provider to the global mining industry. As announced on 18 January 2023, FLSmidth has introduced pure play strategies to separate its Mining and Cement businesses. Additionally, long-term financial targets have been announced for each of the two businesses (ref. Company Announcement no. 2-2023). As of 1 January 2024, the new company structure is in place and the remaining separation activities are expected to be completed during the first half of 2024. The Mining and Cement businesses are very different in terms of market dynamics and industry fundamentals. In addition, the synergies, overlap in customer base and overlap in product offerings between the two businesses are limited. Consequently, by separating the two businesses, both will benefit from increased operational flexibility
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