Latest news with #FLSmidth
Yahoo
4 days ago
- Business
- Yahoo
FLS acquires South African manufacturing facility to strengthen its regional presence
PRESS RELEASE FLSmidth & Co. A/S2 June 2025, Copenhagen, DenmarkLeading mining technology and service supplier FLS has acquired Scott Specialized Rubber & Engineering (SSRE), a manufacturing company based in Pretoria, South Africa. SSRE manufactures and markets specialised, heavy-duty rubber products for a variety of industries, including for mineral processing. The acquisition of SSRE directly supports FLS's CORE'26 strategy, which prioritises service growth through targeted investments. As the global leader in large grinding mills, FLS is committed to strengthening its service offering, particularly within mill liners, where capacity constraints have impacted certain regions. 'This acquisition represents an important milestone in our consumables growth strategy. By introducing mid-sized regional capacity in mill liners, we are enhancing our ability to service mining customers across Africa with greater speed and reliability', says Alanas Kraujalis, Head of Consumables at FLS. 'The new facility will establish local production of rubber and composite mill liners, shifting our supply model from outsourced to dedicated capacity. This transition will improve control, responsiveness and long-term resilience. Bringing manufacturing closer to our customers enables shorter lead times, more consistent service and strengthened aftermarket support'. The terms of the transaction have not been disclosed. This announcement does not impact FLSmidth's financial guidance for the full year 2025.A complete solution for milling operationsFLS serves the global mining industry as a leading original equipment manufacturer (OEM) supplier of engineering, equipment and service solutions. As an OEM manufacturer of milling equipment, we have an in-depth understanding of the milling process, and our experience and know-how help customers optimise their entire milling circuit. FLS supplies the full range of mill liner options, including composite, steel and rubber mill liner solutions. Our offerings aim to enhance the productivity and efficiency of our customers' milling operations through superior wear protection using cutting-edge technologies and customised solutions to fit our customers' specific needs. Please visit our website for more information about our leading mill liner offerings: Contacts:MediaJannick Denholt, +45 21 69 66 57, jli@ Investor RelationsAndreas Holkjær, +45 24 85 03 84, andh@ Denholt, +45 21 69 66 57, jli@ 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. Attachment FLS Press Release SSRE acquisition - June 2025
Time of India
27-05-2025
- Business
- Time of India
European shares steady as defence stocks climb on Russia sanctions threat
European shares remained stable on Tuesday, supported by defence stocks after U.S. President Donald Trump threatened additional sanctions on Russia, though broader gains were restrained by ongoing caution over U.S. trade policy shifts. The continent-wide STOXX 600 index held its ground at 551.53 points, as of 0711 GMT. The benchmark closed 1% higher in the previous session after Trump extended the tariff deadline on the European Union to July 9 from June 1. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Linda Kozlowski, 67, Shows Off Her Perfect Figure In A New Photo Investructor Undo Europe's defence index rose 1% on the day after President Trump said he would recommend additional sanctions on Moscow, amid escalating tensions between Russia and Ukraine. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0.00% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. In Britain, the FTSE 100 jumped nearly 1% as investors returned to active trading following a holiday on Monday. French benchmark index CAC 40 dipped 0.15% in early trading on Tuesday. Data showed consumer prices rose less than anticipated in May, signalling subdued inflationary pressure. Live Events Germany's DAX 40 advanced to hover near a record peak. A recent survey indicated consumer sentiment is set to improve slightly heading into June, though cautious household spending may limit a robust recovery in Europe's largest economy. Shares in FLSmidth rose 3.7% after Goldman Sachs raised the mining and cement technology supplier's rating to "buy" from "neutral".
Reuters
27-05-2025
- Business
- Reuters
European shares steady as defence stocks climb on Russia sanctions threat
May 27 (Reuters) - European shares remained stable on Tuesday, supported by defence stocks after U.S. President Donald Trump threatened additional sanctions on Russia, though broader gains were restrained by ongoing caution over U.S. trade policy shifts. The continent-wide STOXX 600 index (.STOXX), opens new tab held its ground at 551.53 points, as of 0711 GMT. The benchmark closed 1% higher in the previous session after Trump extended the tariff deadline on the European Union to July 9 from June 1. Europe's defence index (.SXPARO), opens new tab rose 1% on the day after President Trump said he would recommend additional sanctions on Moscow, amid escalating tensions between Russia and Ukraine. In Britain, the FTSE 100 (.FTSE), opens new tab jumped nearly 1% as investors returned to active trading following a holiday on Monday. French benchmark index CAC 40 (.FCHI), opens new tab dipped 0.15% in early trading on Tuesday. Data showed consumer prices rose less than anticipated in May, signalling subdued inflationary pressure. Germany's DAX 40 (.GDAXI), opens new tab advanced to hover near a record peak. A recent survey indicated consumer sentiment is set to improve slightly heading into June, though cautious household spending may limit a robust recovery in Europe's largest economy. Shares in FLSmidth ( opens new tab rose 3.7% after Goldman Sachs raised the mining and cement technology supplier's rating to "buy" from "neutral".
Yahoo
26-05-2025
- Business
- Yahoo
Mining Conveyor System Market - Global Forecast to 2032: Top Firms like ABB and TAKRAF Propel Gearless Conveyor Deployment through Strategic Partnerships
The mining conveyor system market is set to expand from USD 351.7 million in 2025 to USD 359.4 million by 2032, with a CAGR of 0.3%. Growth is driven by technological advancements like automation and energy-efficient components, alongside rising mineral demand. Gearless drives are poised to lead with higher CAGR due to efficiency and low maintenance. Overland conveyors will hold substantial market share, boosting sustainability and reducing costs in mining operations. Key players include FLSmidth, Continental AG, Metso, ABB, and BEUMER Group. With China's prominence in the Asia Oceania market, the industry's focus is on automation and modernization. Mining Conveyor System Market Dublin, May 26, 2025 (GLOBE NEWSWIRE) -- The "Mining Conveyor System Market by Conveyor Type (Belt, Cable/Steel Cord, Bucket & Side Wall), Service Type (In-pit, In-plant, Overland, Pipe), Application (Open-pit, Underground), Drive Type (Geared, Gearless), & Region - Global Forecast to 2032" has been added to offering. The mining conveyor system market is anticipated to increase from USD 351.7 million in 2025 to USD 359.4 million by 2032, with a CAGR of 0.3%. This growth is driven by technological innovations and an escalating demand for minerals. Advancements in automation, remote monitoring, and energy-efficient components are enhancing efficiency and safety while reducing costs. The push for clean energy, electric vehicles, and infrastructure growth is further accelerating the demand for vital minerals like lithium, copper, and rare earth Drive Systems to Outpace Geared DrivesGearless drive conveyor systems are expected to register a higher CAGR compared to geared systems during the forecast period. They offer significant advantages in energy efficiency, reduced maintenance, and reliability in harsh environments. By eliminating mechanical components such as gearboxes, gearless drives reduce the risk of breakdowns and operational costs. Leading companies such as ABB (Switzerland), TAKRAF GmbH (Germany), Innomotics (Germany), and Siemens (Germany) are key providers of these systems. A notable development in March 2024 saw TAKRAF GmbH and ABB enhance their partnership to broaden the use of Gearless Conveyor Drive (GCD) technology in TAKRAF's handling Role of Overland ConveyorsOverland conveyors maintain a substantial market share due to their ability to transport bulk materials over extensive distances efficiently. They offer lower operational costs and environmental impact than traditional truck haulage, making them suitable for large mining operations. These systems are crucial for transporting materials from remote sites to processing facilities while minimizing fuel use and emissions. In March 2025, Rio Tinto (UK) announced a USD 1.8 billion investment for the Brockman mine extension, including a new overland conveyor system, slated for completion in Leads the Market in Asia OceaniaChina is projected to be the largest market in Asia Oceania due to vast mining activities and industrial initiatives like the Made in China 2025 plan, fostering increased adoption of conveyor technologies. The expansion of mining capacities for coal and rare-earth minerals boosts the demand for efficient systems. Leading Chinese companies, including China Shenhua Energy Co., Ltd. and Yanzhou Coal Mining Company Limited, are heavily investing in advanced conveyor technologies, driven by stringent environmental regulations and automation Market AnalysisThis research categorizes the mining conveyor system market by conveyor type, service type, application, drive type, and region. It provides insights into major factors driving and restraining market growth, offering a competitive analysis of key industry players. The report also highlights product innovation, market development, and diversification in the mining conveyor system to Buy the ReportThis report offers essential insights for market leaders and new entrants, providing close approximations of revenue data for the mining conveyor system market and its segments. Stakeholders can leverage this information to understand the competitive landscape and devise effective strategies. The report covers key market drivers, restraints, opportunities, and challenges. Analysis of market drivers (increased mineral demand, mining activity expansion) and restraints (high installation costs). Insights on product development and emerging technologies in the conveyor system market. Information on market diversification and lucrative regions for mining conveyor systems. Competitive assessments of major players like FLSmidth A/S (Denmark), Continental AG (Germany), and ABB (Switzerland). Key Attributes: Report Attribute Details No. of Pages 247 Forecast Period 2025 - 2032 Estimated Market Value (USD) in 2025 $351.7 Million Forecasted Market Value (USD) by 2032 $359.4 Million Compound Annual Growth Rate 0.3% Regions Covered Global Market Dynamics Drivers Rising Demand For Minerals and Metals Expansion of Mining Activities Growth in Open-Pit Mining Restraints High Installation Cost Opportunities Rising Demand For Automation Development of Green Conveyor Systems Challenges Maintenance and Downtime Risks Trends and Disruptions Impacting Customer Business Ecosystem Analysis Supply Chain Analysis Pricing Analysis Average Selling Price, by Conveyor Type Average Selling Price Trend, by Region Patent Analysis Impact of Generative AI Case Study Analysis Siemens Implemented Advanced Gearless Conveyor Drive System To Improve Reliability and Uptime Flsmidth Developed Pipe Conveyor System To Achieve Sustainable and Efficient Ore Transport Process Thyssenkrupp Installed Overland Conveyor System To Ensure Efficient, Long-Distance Coal Transportation US 2025 Tariff Analysis Introduction Key Tariff Rates Conveyor System Components: Pre- and Post-Tariff Cost Analysis Impact on Country/Region US Europe Asia Pacific (India and Southeast Asia) Impact on Mining Industry Investment & Funding Scenario Technology Analysis Key Technologies Radiofrequency Identification Proximity Sensors Complementary Technologies Artificial Intelligence (AI) and Machine Learning (ML) Augmented Reality (AR) Adjacent Technologies Internet of Things (IoT) HS Codes Import Scenario Export Scenario Regulatory Landscape Regulations, by Country Regulatory Bodies, Government Agencies, and Other Organizations Key Conferences & Events, 2025-2026 Key Stakeholders and Buying Criteria Key Stakeholders in Buying Process Buying Criteria Company Profiles Flsmidth a/S Continental Ag Metso Abb Beumer Group Nepean Shandong Mining Machinery Group Co., Ltd Herrenknecht Ag Fenner Dunlop Australia Pty Ltd. Takraf Gmbh West River Conveyors Terra Nova Technologies, Inc. Semperit Ag Holding Bando Chemical Industries, Ltd. Feeco International, Inc. Ske Industries Dura Conveyor Belting Pvt. Ltd. Sanwei Holding Group Co., Ltd Miletech Conveyor Belt Hebei Joyroll Conveyor Machinery Co., Ltd. Shandong Land Bridge Rubber Co., Ltd. Thejo Australia Dmc Conveyor Services Quarry Mining Llc Btl Epc Ltd. Allor Manufacturing/Plesh Industries Nextore Conveyor Manufacturers Australia For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Mining Conveyor System Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
15-05-2025
- Business
- Yahoo
Toni Laaksonen confirmed to join FLSmidth on 1 June 2025 as President, Mining Service Business Lines
PRESS RELEASE FLSmidth & Co. A/S15 May 2025, Copenhagen, DenmarkAs announced on 18 February 2025, FLSmidth has appointed Julian Soles as President, Mining Products Business Line, and Toni Laaksonen as President, Mining Service Business Line. While Julian Soles officially started with FLS on 1 May 2025, Toni's start date was yet to be announced. It has now been confirmed, and Toni will start on 1 June 2025. Contacts: MediaJannick Denholt, +45 21 69 66 57, jli@ Investor RelationsAndreas Holkjær, +45 24 85 03 84, andh@ Denholt, +45 21 69 66 57, jli@ 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. Attachment FLS Press Release BL leaders start dates - May 2025Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
