FLSmidth to significantly expand its global service centre network in 2025, further strengthening its service offerings and customer proximity
PRESS RELEASE 19 February 2025, Copenhagen, DenmarkIn 2025, leading mining technology and service supplier FLSmidth will open or expand seven service centres in strategic locations across the globe. These facilities are in direct support of FLSmidth's CORE'26 mining strategy that includes targeting service growth, and adds to the company's already comprehensive global network of service centres that can enhance mining customers' productivity.
New facilities will open in Accra, Ghana; Surabaja, Indonesia; and Dammam, Saudi Arabia, whereas the current operations in Mackay, Australia will relocate to a larger facility. Expansions are planned in Parauapebas, Brazil; Karaganda, Kazakhstan; and Ulaanbaatar, Mongolia. Operations in each of these new locations will begin within the coming months with official opening details to be announced locally at a later date. In addition, an expansion of the service centre in Chloorkop, South Africa is already ongoing and will be completed in 2026.
Christian Fabry, Head of Professional Services at FLSmidth, comments: 'Our service centres serve primarily as workshops for improving or repairing customer equipment and can also have warehousing capabilities for distribution. With these new openings and expansions, we further strengthen our service capabilities and best-in-class service offerings to customers. We can do that by shortening the operational down time for customers thanks to the service centres' strategic proximity to mine sites and greater availability of spare and wear parts to local customers.'FLSmidth's mining service offeringsFLSmidth offers a comprehensive range of service offerings that allow mining companies to maximise productivity. The company has developed the strategic global presence and advanced service-based solutions required to provide responsive support wherever customers are located. This includes:
Strong inventory of OEM spare parts and consumables in service centres around the world
Regional and global field engineers, plus remote asset health and performance optimisation services
Mineral laboratory services for fast, accurate mineralogical and metallurgical testing
Upgrades, rebuilds and exchange services to help you get more from your equipment
Contacts:
MediaJannick Denholt, +45 21 69 66 57, jli@flsmidth.com
Investors RelationsAndreas Holkjær, +45 24 85 03 84, andh@flsmidth.comJannick Denholt, +45 21 69 66 57, jli@flsmidth.comAbout FLSmidth
FLSmidth is a full flowsheet technology and service supplier to the global mining and cement industries. We enable our customers to improve performance, lower operating costs and reduce environmental impact. MissionZero is our sustainability ambition towards zero emissions in mining and cement by 2030. We work within fully validated Science-Based Targets, have a clear commitment to improving the sustainability performance of the global mining and cement industries and aim to become carbon neutral in our own operations by 2030. www.flsmidth.com.
Attachment
FLSmidth Press Release Service Centre network expansions - February 2025
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 hours ago
- Yahoo
Axio BioPharma and Likarda Announce Strategic Partnership to Accelerate Biologic Drug Development and Delivery
Partnership combines AI-powered protein manufacturing with advanced drug delivery technologies to accelerate timelines and improve therapeutic outcomes. MADISON, Wis. and KANSAS CITY, Mo., June 9, 2025 /PRNewswire/ -- Axio BioPharma Inc., a next-generation biomanufacturing company using AI to transform mammalian protein production, and Likarda Inc., a leader in advanced drug delivery and formulation technologies, today announced a strategic partnership to accelerate innovation in biologic drug development. This collaboration will integrate Likarda's proprietary delivery technologies with Axio's manufacturing capabilities, creating a more efficient and scalable path to clinical manufacturing for clients across the biopharmaceutical sector. Through this collaboration, Axio BioPharma will incorporate Likarda's proprietary delivery platforms— including its Core-Shell Spherification® (CSS®) hydrogel technology for encapsulation, stability, and controlled release —into its service offering, enhancing workflows for monoclonal antibodies (mAbs), bispecifics, and Fc-fusions. Likarda will also offer Axio's discovery-to-GMP manufacturing capabilities to its client base, supporting programs in need of high-quality protein production and scalable manufacturing solutions. "This partnership brings delivery innovation directly into the development process, helping our clients move faster and make better decisions," said Justin Byers, CEO of Axio BioPharma. "By aligning earlier on both delivery and manufacturing, we reduce friction, shorten timelines, and provide integrated solutions that truly support our clients' goals." "At Likarda, we believe that delivery should never be an afterthought—it should be part of the development strategy from day one," said Dr. Stella Vnook, CEO of Likarda Inc. "Partnering with Axio allows us to integrate our encapsulation and formulation technologies earlier in the drug development process, where they can have the greatest impact on stability, efficacy, and patient experience. Importantly, it provides seamless integration to scaled manufacturing for our clients. Together, we're creating a smarter, more connected path from discovery to clinic." This collaboration strengthens Axio's mission of transforming biologic manufacturing through predictive science and digital-first process development. At the same time, it enables Likarda to apply its proprietary delivery technologies earlier in the development cycle, giving clients new efficiencies and expanded therapeutic applications. For partnership inquiries or media contact, please reach out to: Madelyn De Los SantosSenior Advisor, Putnam InsightsMadelyn@ OR Shelly AdamsCCO, Likarda, About Axio BioPharmaAxio BioPharma is an AI biomanufacturing company revolutionizing how monoclonal antibodies are developed and produced. Headquartered in Madison, WI, Axio combines high-throughput experimentation with proprietary machine learning to predict optimal manufacturing processes in hours—not years. By accelerating development timelines and reducing costs, Axio enables biopharma innovators to bring life-saving therapies to market faster and more efficiently. With deep expertise in antibody manufacturing, protein purification, and bioinformatics, Axio supports a wide range of partners across research, diagnostics, and therapeutics with scalable, U.S.-based production and data-enhanced process design. About Likarda Likarda is revolutionizing the delivery of cell therapies, biologics, and small molecules, making these life-changing treatments accessible to more patients with chronic and life-threatening diseases. At the core of Likarda's innovation is Core-Shell Spherification® (CSS®), a highly customizable polymer-based delivery platform. This cutting-edge technology ensures therapeutics are protected, precisely delivered, and retained at their target—whether it's the tumor microenvironment, sites of organ degeneration, or other critical areas. By enabling targeted, sustained release, Likarda's solutions enhance therapeutic efficacy while reducing off-target effects and improving patient outcomes. The platform's versatility supports a range of applications, from immune protection in cell therapy to extended-release biologics, paving the way for next-generation treatments across oncology, regenerative medicine, and other disease areas. With a commitment to innovation, scalability, and accessibility, Likarda is poised to transform drug delivery and expand the reach of advanced therapies. To learn more, visit View original content: SOURCE Axio BioPharma Inc.
Yahoo
11 hours ago
- Yahoo
Earnings To Watch: Core & Main (CNM) Reports Q1 Results Tomorrow
Water and fire protection solutions company Core & Main (NYSE:CNM) will be reporting results tomorrow before the bell. Here's what investors should know. Core & Main beat analysts' revenue expectations by 1.7% last quarter, reporting revenues of $1.70 billion, up 17.9% year on year. It was a slower quarter for the company, with a miss of analysts' EPS estimates and a miss of analysts' adjusted operating income estimates. Is Core & Main a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Core & Main's revenue to grow 6% year on year to $1.85 billion, slowing from the 10.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.54 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Core & Main has missed Wall Street's revenue estimates twice over the last two years. Looking at Core & Main's peers in the industrial distributors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. DistributionNOW delivered year-on-year revenue growth of 6.4%, beating analysts' expectations by 1.9%, and MRC Global reported a revenue decline of 8.4%, in line with consensus estimates. DistributionNOW traded down 9.1% following the results while MRC Global was also down 6.1%. Read our full analysis of DistributionNOW's results here and MRC Global's results here. Investors in the industrial distributors segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Core & Main is up 12.8% during the same time and is heading into earnings with an average analyst price target of $60.12 (compared to the current share price of $60.10). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
4 days ago
- Yahoo
K92 Mining Releases 2024 Sustainability Report: Delivering Sustainable Value
VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- K92 Mining Inc. ('K92' or the 'Company') (TSX: KNT; OTCQX: KNTNF) is pleased to announce that it has published its 2024 Sustainability Report. This is K92's sixth annual sustainability report, which provides details of the Company's Environmental, Social, and Governance ('ESG') practices and performance. The 2024 Sustainability Report was prepared in accordance with the Sustainability Accounting Standards Board ('SASB') Metals and Mining Standard for the sixth consecutive year and includes continued progression of providing climate disclosures in alignment with the Task Force on Climate-related Financial Disclosures ('TCFD') recommendations. The 2024 Sustainability Report is available on the K92 website at the following link: - mining/ Environmental, Social and Governance Highlights: 553 days without a lost-time injury(1), and a Total Recordable Injury Frequency Rate ('TRIFR') of 0.69. 1,790 employees and contractors employed in Papua New Guinea. ~92% of total workforce (employees plus contractors) are PNG Nationals with priority hiring from local communities. $96.5 million in procurement from PNG companies, representing 42% of K92's total procurement spend. $62.6 million in taxes and royalties paid in PNG(2), a 134% increase over 2023. $28.0 million invested in local Joint Ventures. $6.6 million allocated for the Company's first PNG Infrastructure Tax Credit Scheme project. Outstanding Community Humanitarian Initiative awarded by the PNG Chamber of Resources and Energy ('CORE') for K92's Sustainable Agriculture Livelihoods Program ('SLAP'), marking the third consecutive year K92 has received the primary, annual community award from the CORE. Launched the K92 CARES framework, which outlines the Company's core values, including a clear commitment to responsible mining practices and a culture of respect for others. Advanced work related to the Kainantu Endowment, which was established to provide scholarships for the advancement of Papua New Guinean students. Ongoing alignment with the TCFD recommendations with progress advanced on local hydropower improvements in support of the Company's energy and greenhouse gas ('GHG') emissions reduction target. Continued commitment to local skills development, including a total of 66 tertiary scholarships awarded; 400+ graduates from the K92 Adult Literacy Program; and multiple Memoranda of Understanding implemented with PNG universities to help develop a robust pipeline of skilled mine workers in the country. Supplier Code of Conduct and Employment Standard rolled out as part of ongoing due diligence work related to Canadian Modern Slavery legislation. John Lewins, K92 Chief Executive Officer and Director, stated, 'On behalf of the K92 team, we are very pleased to publish our 2024 Sustainability Report. The report provides our primary sustainability disclosures for 2024, while highlighting many of our key initiatives that enable us to deliver sustainable value for all of our stakeholders. The past year has been truly transformational for K92, as we advance our plans to become a world-class, Tier 1 gold mining operation. We achieved notable operational successes during the year in parallel with significant progress on our Stage 3 and Stage 4 Expansions. Importantly, we have done so with exemplary safety performance, including achieving 553 consecutive days without a lost-time injury, a testament to the robust health and safety management systems and practices we continue to implement. Our local value-retention initiatives continue to deliver significant value for our local stakeholders. At the end of 2024, we employed nearly 1,800 employees and contractors and remained a significant tax contributor within the country, with some $62.6M in taxes and royalties paid in PNG. We also procured approximately $96.5M from PNG companies, including $28.0M from unique, local Joint Ventures, which are partnerships between established businesses and local landowner associations that help deliver significant value for local communities. Looking ahead, the upcoming year will surely be one of the most important in K92's young history. During the year, we look forward to the commissioning of our new 1.2 million-tonnes-per-annum process plant, associated paste plant, and other key mine infrastructure to support our expansion plans and continued production growth. We also look forward to working in ongoing partnership with all our stakeholders to deliver transformational value from our operations – now and into the future.' Notes: (1) As at December 31, 2024. As at March 31, 2025, the number of lost-time injury free days was 643.(2) Includes corporate tax, payroll tax, import duties, and royalties. (3) All amounts are in U.S. Dollars unless otherwise noted. About K92 K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing plant expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience. On Behalf of the Company, John Lewins, Chief Executive Officer and Director For further information, please contact David Medilek, CFA, President and Chief Operating Officer at +1-604-416-4445 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain 'forward-looking statements' under applicable Canadian securities legislation. Such forward-looking statements include, without limitation: (i) the results of the Kainantu Mine Definitive Feasibility Study, including the Stage 3 Expansion, a new standalone 1.2 mtpa process plant and supporting infrastructure; (ii) statements regarding the expansion of the mine and development of any of the deposits; (iii) the Kainantu Stage 4 Expansion, operating two standalone process plants, larger surface infrastructure and mining throughputs; and (iv) the potential extended life of the Kainantu Mine. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as 'expect', 'plan', 'anticipate', 'project', 'target', 'potential', 'schedule', 'forecast', 'budget', 'estimate', 'intend' or 'believe' and similar expressions or their negative connotations, or that events or conditions 'will', 'would', 'may', 'could', 'should' or 'might' occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, without limitation, Public Health Crises, including the epidemic or pandemic viruses; changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our common shares; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company's operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company's ability to carry on current and future operations, including development and exploration activities at the Arakompa, Kora, Judd and other projects; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company's ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the Stage 3 Expansion or the Stage 4 Expansion; the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures of information systems or information security threats; political, economic and other risks associated with the Company's foreign operations; geopolitical events and other uncertainties, such as the conflicts in Ukraine, Israel and Palestine; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationship with the communities in Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with the mining industry; and the risks, uncertainties and other factors referred to in the Company's Annual Information Form under the heading 'Risk Factors'. Estimates of mineral resources are also forward-looking statements because they constitute projections, based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production. The estimation of mineral resources and mineral reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, Forward-looking statements are not a guarantee of future performance, and actual results and future events could materially differ from those anticipated in such statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause actual results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
