Latest news with #MikkoKeto
Yahoo
14-05-2025
- Business
- Yahoo
FLSmidth & Co. A/S: Better-than-expected Q1 2025, with a strong financial performance in Mining driving an upgraded full-year guidance
COMPANY ANNOUNCEMENT NO. 8-2025 FLSmidth & Co. A/S 14 May 2025 Copenhagen, DenmarkToday, the Board of Directors of FLSmidth have approved the Q1 2025 Interim Financial Report. Highlights in Q1 2025: 14% increase in Mining Service revenue driven by effective backlog management and order execution Mining Adjusted EBITA margin of 15.1% reflecting continued profitability improvements Negative growth in Cement order intake and revenue continue to reflect de-risking and impact from divestments Cement Adjusted EBITA margin of 9.5% reflecting good strategic execution, with reduced SG&A costs and effective de-risking FLSmidth has entered exclusive negotiations for the potential divestment of the Cement business The financial guidance for the full year 2025 was raised on 14 May 2025 (ref. Company Announcement no. 7-2025) Continued progression on all our science-based sustainability targets FLSmidth Group CEO, Mikko Keto, comments: 'The year has started better than anticipated, with strong financial results and a solid commercial performance driving an upgraded financial guidance. This robust performance was achieved in a quarter with increased uncertainty and turbulence from US tariff measures. Amid this market backdrop, it was encouraging to see growth in orders within our consumables and pumps, cyclones and valves businesses. Further, effective backlog management and order execution resulted in a 14% growth in Mining Service revenue. Combined with the continued implementation of our corporate model, this was the primary driver behind the realisation of an Adjusted EBITA margin of 15.1% for the quarter. In Cement, we continue to see improvements in financial performance with an Adjusted EBITA margin of 9.5% in the first quarter of the year. We have made further progress towards the potential sale of the Cement business and have entered exclusive negotiations with Pacific Avenue Capital Partners. All in all, we are very pleased with the results delivered in the first quarter, and we are well positioned to deliver our updated targets for the full from US tariff measures The US accounted for approximately 20% of our sales in 2024, with approximately half of our sales to the US being imports. Our flexible supply chains and proactive tariff mitigation measures – reducing China-US supply flows, potentially passing on tariff costs to customers and optimising our supply chain efficiency – will help mitigate the associated risks, and we currently see limited direct impacts on our operations. However, we recognise that continued tariff-related uncertainty may further delay larger investment decisions and impact the overall market sentiment if in Q1 2025 Commercial performance Mining order intake decreased by 10% compared to Q1 2024 (currencies had no impact on Mining order intake in Q1 2025). Service order intake decreased by 2% driven by the exit from basic labour contracts, partly offset by higher order intake within consumables. Products order intake decreased by 25% compared to Q1 2024. No large Products orders were announced in Q1 2025, whereas two large Products orders with a combined value of DKK 680m were announced in Q1 2024. Service and Products comprised 72% and 28% of the total Mining order intake in the quarter, respectively (67% and 33% in Q1 2024, respectively). Cement order intake decreased by 18% compared to Q1 2024 (decrease of 12% if excluding currency effects and effects from divestments). Service order intake decreased by 14% primarily reflecting the divestment of the MAAG business in Q1 2024. Products order intake decreased by 27% driven in part by the divestment of the MAAG business as well as continued portfolio pruning. Service and Products comprised 73% and 27% of the total Cement order intake in the quarter, respectively (69% and 31% in Q1 2024, respectively). Group order intake decreased by 12% compared to Q1 2024 (decrease of 11% if excluding currency effects and effects from divestments). Service order intake decreased by 4% driven by relatively lower order intake in both the Mining and Cement businesses. Products order intake decreased by 27% driven by lower Products orders in both the Mining and Cement businesses. Service and Products comprised 72% and 28% of the total order intake in Q1 2025, respectively (67% and 33% in Q1 2024, respectively).Financial performance Mining revenue increased by 4% compared to Q1 2024 (currencies had no impact on Mining order intake in Q1 2025). Service revenue increased by 14% as a result of higher revenue from consumables, spare parts and upgrades & retrofits, driven by effective backlog management and enhanced order execution. Products revenue decreased by 18% primarily reflecting the de-risking of our products portfolio and the timing of the execution of certain large-scale Products orders. Gross profit increased by 13% to DKK 1,304m (DKK 1,153m in Q1 2024) corresponding to a gross margin of 35.2% (32.2% in Q1 2024). Excluding transformation and separation costs of DKK 51m, the Adjusted EBITA margin was 15.1% in Q1 2025. Including these items, the EBITA margin was 13.7% compared to 10.3% in Q1 2024. Cement revenue decreased by 15% compared to Q1 2024 (decrease of 11% if excluding currency effects and effects from divestments). Service revenue decreased by 1% due to the divestment of the MAAG business in Q1 2024. Products revenue decreased by 37% driven by continued portfolio pruning and the divestment of the MAAG business. Gross profit increased by 20% to DKK 325m (DKK 271m in Q1 2024) corresponding to a gross margin of 31.8% (22.4% in Q1 2024). Excluding transformation and separation costs of DKK 9m, the Adjusted EBITA margin was 9.5% in Q1 2025. Including these items, the EBITA margin was 8.6% compared to 4.7% in Q1 2024. Group revenue decreased by 2% compared to Q1 2024 (decrease of 1% if excluding currency effects and effects from divestments). Service revenue increased by 11% driven by higher Service revenue in the Mining business. Products revenue decreased by 26% driven by lower Products revenue in both the Mining and the Cement businesses. Gross profit increased by 18% to DKK 1,629m (DKK 1,384m in Q1 2024) corresponding to a gross margin of 34.4% (28.6% in Q1 2024). Excluding transformation and separation costs of DKK 60m, the Adjusted EBITA margin was 13.9% in Q1 2025. Including these items, the EBITA margin was 12.6% compared to 7.5% in Q1 business Updates on new Mining business line Presidents With reference to the press release issued on 18 February 2025, Julian Soles formally joined FLSmidth on 1 May 2025 as President, Mining Products Business Line. Further, Toni Laaksonen, who has been appointed as new President, Mining Service Business Line, is expected to join FLSmidth soon. Update on potential divestment of the Cement business In the first quarter of 2025, FLSmidth has made further progress towards the potential divestment of the Cement business. To this end, we have entered into exclusive negotiations with Pacific Avenue Capital Partners, a global investment fund specialised in industrial carve-outs. There is no certainty that any transaction will transpire. Any further announcements will be made as and when guidance for the full year 2025 The financial guidance for the full year 2025, that was upgraded on 14 May 2025 (ref. Company Announcement no. 7-2025), is maintained. The financial guidance reflects the ongoing business simplification and transformation efforts, continued improvement in the core Mining business and the effects from the strategic initiatives implemented in the Cement business. Mining Cement Consolidated Group Revenue (DKKbn)~15.0(DKK 3.7bn) Revenue (DKKbn)~4.0(DKK 1.0bn) Revenue (DKKbn)~19.0(DKK 4.7bn) Adj. EBITA margin14.0-14.5%(15.1%) Adj. EBITA margin9.0-9.5%(9.5%) Adj. EBITA margin13.0-13.5%(13.9%) EBITA margin11.5-12.0%(12.6%) Note: Numbers in brackets represent actual year-to-date financial results as of Q1 2025. Mining Compared to 2024, we expect market demand in the Mining Service business to remain stable and active, whereas market demand in the Mining Products business is expected to remain soft. The guidance for the Adjusted EBITA margin excludes transformation and separation costs of around DKK 200m for the full year 2025. Further, the Adjusted EBITA margin is expected to be positively impacted by additional business simplification initiatives, organisational restructuring and enhanced commercial execution. Cement We expect the short-term outlook for the cement industry to remain impacted by macroeconomic uncertainty. The guidance for revenue reflects the divestment of the MAAG business completed in 2024. The guidance for the Adjusted EBITA margin excludes transformation and separation costs of around DKK 50m for the full year 2025. Group The Consolidated Group guidance reflects the sum of the guidance for the two business segments. The guidance for 2025 is subject to uncertainty from macroeconomic and geopolitical call details A presentation of the Q1 2025 Interim Financial Report is scheduled for Wednesday 14 May 2025 at 11:00 a.m. CEST. During the presentation, Group CEO, Mikko Keto, and Group CFO, Roland M. Andersen, will comment on the report and developments in the Group. The presentation will be followed by a Q&A session. Live audio-webcast The presentation can be followed live or as a replay via the internet here. If you wish to ask questions during the Q&A session, please sign up here. After registration, you will receive phone numbers, pin codes and a calendar invite. Please note that you will receive two codes (a pass code and a PIN code), both of which are needed when dialling into the webcast. Presentation slides The presentation slides will be made available shortly before the scheduled start of the webcast at key figures for Q1 2025 DKK million, unless otherwise stated Q1 2025 Q1 2024 Change (%) 2024 Order intake 4,629 5,248 -12% 19,133 - Hereof service order intake 3,351 3,505 -4% 13,933 - Hereof products order intake 1,278 1,743 -27% 5,200 Order backlog 14,762 17,482 -16% 15,214 Revenue 4,729 4,839 -2% 20,187 - Hereof service revenue 3,464 3,130 11% 12,997 - Hereof products revenue 1,265 1,709 -26% 7,190 Gross profit 1,629 1,384 18% 6,465 Gross margin 34.4% 28.6% 5.8%p 32.0% Adjusted EBITA 656 443 48% 2,230 Adjusted EBITA margin 13.9% 9.2% 4.7%p 11.0% EBITA 596 365 63% 1,969 EBITA margin 12.6% 7.5% 5.1%p 9.8% Profit for the period 351 194 81% 1,030 CFFO -12 -352 n.m. 640 Free cash flow -122 -306 n.m. 132 Net working capital 2,415 1,935 25% 2,107 Net interest-bearing debt (NIBD) 1,043 830 26% 847 NIBD/EBITDA ratio 0.4x 0.5x n.m. 0.4xContacts: Investor Relations Andreas Holkjær, +45 24 85 03 84, andh@ Denholt, +45 21 69 66 57, jli@ Media Jannick 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. Attachments FLSmidth Company Announcement no. 8-2025 FLSmidth_Q1-2025 213800MXXDGQ3ITPXI41-2025-03-31-en
Yahoo
14-05-2025
- Business
- Yahoo
FLSmidth & Co. A/S: Better-than-expected Q1 2025, with a strong financial performance in Mining driving an upgraded full-year guidance
COMPANY ANNOUNCEMENT NO. 8-2025 FLSmidth & Co. A/S 14 May 2025 Copenhagen, DenmarkToday, the Board of Directors of FLSmidth have approved the Q1 2025 Interim Financial Report. Highlights in Q1 2025: 14% increase in Mining Service revenue driven by effective backlog management and order execution Mining Adjusted EBITA margin of 15.1% reflecting continued profitability improvements Negative growth in Cement order intake and revenue continue to reflect de-risking and impact from divestments Cement Adjusted EBITA margin of 9.5% reflecting good strategic execution, with reduced SG&A costs and effective de-risking FLSmidth has entered exclusive negotiations for the potential divestment of the Cement business The financial guidance for the full year 2025 was raised on 14 May 2025 (ref. Company Announcement no. 7-2025) Continued progression on all our science-based sustainability targets FLSmidth Group CEO, Mikko Keto, comments: 'The year has started better than anticipated, with strong financial results and a solid commercial performance driving an upgraded financial guidance. This robust performance was achieved in a quarter with increased uncertainty and turbulence from US tariff measures. Amid this market backdrop, it was encouraging to see growth in orders within our consumables and pumps, cyclones and valves businesses. Further, effective backlog management and order execution resulted in a 14% growth in Mining Service revenue. Combined with the continued implementation of our corporate model, this was the primary driver behind the realisation of an Adjusted EBITA margin of 15.1% for the quarter. In Cement, we continue to see improvements in financial performance with an Adjusted EBITA margin of 9.5% in the first quarter of the year. We have made further progress towards the potential sale of the Cement business and have entered exclusive negotiations with Pacific Avenue Capital Partners. All in all, we are very pleased with the results delivered in the first quarter, and we are well positioned to deliver our updated targets for the full from US tariff measures The US accounted for approximately 20% of our sales in 2024, with approximately half of our sales to the US being imports. Our flexible supply chains and proactive tariff mitigation measures – reducing China-US supply flows, potentially passing on tariff costs to customers and optimising our supply chain efficiency – will help mitigate the associated risks, and we currently see limited direct impacts on our operations. However, we recognise that continued tariff-related uncertainty may further delay larger investment decisions and impact the overall market sentiment if in Q1 2025 Commercial performance Mining order intake decreased by 10% compared to Q1 2024 (currencies had no impact on Mining order intake in Q1 2025). Service order intake decreased by 2% driven by the exit from basic labour contracts, partly offset by higher order intake within consumables. Products order intake decreased by 25% compared to Q1 2024. No large Products orders were announced in Q1 2025, whereas two large Products orders with a combined value of DKK 680m were announced in Q1 2024. Service and Products comprised 72% and 28% of the total Mining order intake in the quarter, respectively (67% and 33% in Q1 2024, respectively). Cement order intake decreased by 18% compared to Q1 2024 (decrease of 12% if excluding currency effects and effects from divestments). Service order intake decreased by 14% primarily reflecting the divestment of the MAAG business in Q1 2024. Products order intake decreased by 27% driven in part by the divestment of the MAAG business as well as continued portfolio pruning. Service and Products comprised 73% and 27% of the total Cement order intake in the quarter, respectively (69% and 31% in Q1 2024, respectively). Group order intake decreased by 12% compared to Q1 2024 (decrease of 11% if excluding currency effects and effects from divestments). Service order intake decreased by 4% driven by relatively lower order intake in both the Mining and Cement businesses. Products order intake decreased by 27% driven by lower Products orders in both the Mining and Cement businesses. Service and Products comprised 72% and 28% of the total order intake in Q1 2025, respectively (67% and 33% in Q1 2024, respectively).Financial performance Mining revenue increased by 4% compared to Q1 2024 (currencies had no impact on Mining order intake in Q1 2025). Service revenue increased by 14% as a result of higher revenue from consumables, spare parts and upgrades & retrofits, driven by effective backlog management and enhanced order execution. Products revenue decreased by 18% primarily reflecting the de-risking of our products portfolio and the timing of the execution of certain large-scale Products orders. Gross profit increased by 13% to DKK 1,304m (DKK 1,153m in Q1 2024) corresponding to a gross margin of 35.2% (32.2% in Q1 2024). Excluding transformation and separation costs of DKK 51m, the Adjusted EBITA margin was 15.1% in Q1 2025. Including these items, the EBITA margin was 13.7% compared to 10.3% in Q1 2024. Cement revenue decreased by 15% compared to Q1 2024 (decrease of 11% if excluding currency effects and effects from divestments). Service revenue decreased by 1% due to the divestment of the MAAG business in Q1 2024. Products revenue decreased by 37% driven by continued portfolio pruning and the divestment of the MAAG business. Gross profit increased by 20% to DKK 325m (DKK 271m in Q1 2024) corresponding to a gross margin of 31.8% (22.4% in Q1 2024). Excluding transformation and separation costs of DKK 9m, the Adjusted EBITA margin was 9.5% in Q1 2025. Including these items, the EBITA margin was 8.6% compared to 4.7% in Q1 2024. Group revenue decreased by 2% compared to Q1 2024 (decrease of 1% if excluding currency effects and effects from divestments). Service revenue increased by 11% driven by higher Service revenue in the Mining business. Products revenue decreased by 26% driven by lower Products revenue in both the Mining and the Cement businesses. Gross profit increased by 18% to DKK 1,629m (DKK 1,384m in Q1 2024) corresponding to a gross margin of 34.4% (28.6% in Q1 2024). Excluding transformation and separation costs of DKK 60m, the Adjusted EBITA margin was 13.9% in Q1 2025. Including these items, the EBITA margin was 12.6% compared to 7.5% in Q1 business Updates on new Mining business line Presidents With reference to the press release issued on 18 February 2025, Julian Soles formally joined FLSmidth on 1 May 2025 as President, Mining Products Business Line. Further, Toni Laaksonen, who has been appointed as new President, Mining Service Business Line, is expected to join FLSmidth soon. Update on potential divestment of the Cement business In the first quarter of 2025, FLSmidth has made further progress towards the potential divestment of the Cement business. To this end, we have entered into exclusive negotiations with Pacific Avenue Capital Partners, a global investment fund specialised in industrial carve-outs. There is no certainty that any transaction will transpire. Any further announcements will be made as and when guidance for the full year 2025 The financial guidance for the full year 2025, that was upgraded on 14 May 2025 (ref. Company Announcement no. 7-2025), is maintained. The financial guidance reflects the ongoing business simplification and transformation efforts, continued improvement in the core Mining business and the effects from the strategic initiatives implemented in the Cement business. Mining Cement Consolidated Group Revenue (DKKbn)~15.0(DKK 3.7bn) Revenue (DKKbn)~4.0(DKK 1.0bn) Revenue (DKKbn)~19.0(DKK 4.7bn) Adj. EBITA margin14.0-14.5%(15.1%) Adj. EBITA margin9.0-9.5%(9.5%) Adj. EBITA margin13.0-13.5%(13.9%) EBITA margin11.5-12.0%(12.6%) Note: Numbers in brackets represent actual year-to-date financial results as of Q1 2025. Mining Compared to 2024, we expect market demand in the Mining Service business to remain stable and active, whereas market demand in the Mining Products business is expected to remain soft. The guidance for the Adjusted EBITA margin excludes transformation and separation costs of around DKK 200m for the full year 2025. Further, the Adjusted EBITA margin is expected to be positively impacted by additional business simplification initiatives, organisational restructuring and enhanced commercial execution. Cement We expect the short-term outlook for the cement industry to remain impacted by macroeconomic uncertainty. The guidance for revenue reflects the divestment of the MAAG business completed in 2024. The guidance for the Adjusted EBITA margin excludes transformation and separation costs of around DKK 50m for the full year 2025. Group The Consolidated Group guidance reflects the sum of the guidance for the two business segments. The guidance for 2025 is subject to uncertainty from macroeconomic and geopolitical call details A presentation of the Q1 2025 Interim Financial Report is scheduled for Wednesday 14 May 2025 at 11:00 a.m. CEST. During the presentation, Group CEO, Mikko Keto, and Group CFO, Roland M. Andersen, will comment on the report and developments in the Group. The presentation will be followed by a Q&A session. Live audio-webcast The presentation can be followed live or as a replay via the internet here. If you wish to ask questions during the Q&A session, please sign up here. After registration, you will receive phone numbers, pin codes and a calendar invite. Please note that you will receive two codes (a pass code and a PIN code), both of which are needed when dialling into the webcast. Presentation slides The presentation slides will be made available shortly before the scheduled start of the webcast at key figures for Q1 2025 DKK million, unless otherwise stated Q1 2025 Q1 2024 Change (%) 2024 Order intake 4,629 5,248 -12% 19,133 - Hereof service order intake 3,351 3,505 -4% 13,933 - Hereof products order intake 1,278 1,743 -27% 5,200 Order backlog 14,762 17,482 -16% 15,214 Revenue 4,729 4,839 -2% 20,187 - Hereof service revenue 3,464 3,130 11% 12,997 - Hereof products revenue 1,265 1,709 -26% 7,190 Gross profit 1,629 1,384 18% 6,465 Gross margin 34.4% 28.6% 5.8%p 32.0% Adjusted EBITA 656 443 48% 2,230 Adjusted EBITA margin 13.9% 9.2% 4.7%p 11.0% EBITA 596 365 63% 1,969 EBITA margin 12.6% 7.5% 5.1%p 9.8% Profit for the period 351 194 81% 1,030 CFFO -12 -352 n.m. 640 Free cash flow -122 -306 n.m. 132 Net working capital 2,415 1,935 25% 2,107 Net interest-bearing debt (NIBD) 1,043 830 26% 847 NIBD/EBITDA ratio 0.4x 0.5x n.m. 0.4xContacts: Investor Relations Andreas Holkjær, +45 24 85 03 84, andh@ Denholt, +45 21 69 66 57, jli@ Media Jannick 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. Attachments FLSmidth Company Announcement no. 8-2025 FLSmidth_Q1-2025 213800MXXDGQ3ITPXI41-2025-03-31-enError 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
Yahoo
13-05-2025
- Business
- Yahoo
FLS to deliver full flotation technology package to one of the world's largest and most efficient iron ore beneficiation plants
PRESS RELEASE FLSmidth & Co. A/S13 May 2025, Copenhagen, DenmarkA progressive Indian miner and steelmaker has selected FLS to supply a full flotation technology package for what is set to become one of the world's largest, most efficient and sustainable iron ore beneficiation plants globally. The plant will be fed with domestic, low grade iron ore where the FLS flotation system will upgrade it to a final product that will be amongst the purest and highest-grade iron ore available anywhere in the world. FLS conducted extensive laboratory and on-site pilot testing to design a beneficiation flowsheet that assures the highest metallurgical performance and availability, while allowing for operational flexibility. Several novel and conventional flotation technologies were evaluated leading to the selection of FLS nextSTEP™ flotation cells. This circuit will be equipped with mechanical and process condition monitoring with advanced process control and the full system includes KREBS millMAX pumps for froth and slurry transport. This is the third consecutive order that FLS has received from the customer within the last six months, as the iron ore fed to the flotation plant will come from 18 of the world's largest vertical tower mills, which the customer ordered from FLS in Q1 2025. These will operate directly downstream from two of the world's largest high-pressure grinding rolls (HPGRs), which the customer ordered from FLS in Q4 2024 alongside 30 KREBS UMD pumps and 18 KREBS gMAX hydrocyclones to complete the secondary and tertiary grinding circuits' process requirements. All the FLS technologies are expected to be installed and commissioned during 2026/2027. 'We are very proud and excited that the customer has selected our efficient flotation technologies to accompany our HPGRs and tower mills to form the core of what will be one of the largest, most efficient and highest-grade iron ore beneficiation plants globally. This order is clear testament to the importance of strong customer relations and a strong vote of confidence in our market leading technologies, as the combination of these FLS technologies will provide the customer with significant reductions in energy, water and grinding media consumption, whilst supporting optimal profitability', said Mikko Keto, CEO at FLS. The order was booked in Q2 2025. The value of the order has not been disclosed. Learn more about FLS flotation systems at 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 FLSmidth Press Release flotation order India - May 2025
Yahoo
13-05-2025
- Business
- Yahoo
FLS to deliver full flotation technology package to one of the world's largest and most efficient iron ore beneficiation plants
PRESS RELEASE FLSmidth & Co. A/S13 May 2025, Copenhagen, DenmarkA progressive Indian miner and steelmaker has selected FLS to supply a full flotation technology package for what is set to become one of the world's largest, most efficient and sustainable iron ore beneficiation plants globally. The plant will be fed with domestic, low grade iron ore where the FLS flotation system will upgrade it to a final product that will be amongst the purest and highest-grade iron ore available anywhere in the world. FLS conducted extensive laboratory and on-site pilot testing to design a beneficiation flowsheet that assures the highest metallurgical performance and availability, while allowing for operational flexibility. Several novel and conventional flotation technologies were evaluated leading to the selection of FLS nextSTEP™ flotation cells. This circuit will be equipped with mechanical and process condition monitoring with advanced process control and the full system includes KREBS millMAX pumps for froth and slurry transport. This is the third consecutive order that FLS has received from the customer within the last six months, as the iron ore fed to the flotation plant will come from 18 of the world's largest vertical tower mills, which the customer ordered from FLS in Q1 2025. These will operate directly downstream from two of the world's largest high-pressure grinding rolls (HPGRs), which the customer ordered from FLS in Q4 2024 alongside 30 KREBS UMD pumps and 18 KREBS gMAX hydrocyclones to complete the secondary and tertiary grinding circuits' process requirements. All the FLS technologies are expected to be installed and commissioned during 2026/2027. 'We are very proud and excited that the customer has selected our efficient flotation technologies to accompany our HPGRs and tower mills to form the core of what will be one of the largest, most efficient and highest-grade iron ore beneficiation plants globally. This order is clear testament to the importance of strong customer relations and a strong vote of confidence in our market leading technologies, as the combination of these FLS technologies will provide the customer with significant reductions in energy, water and grinding media consumption, whilst supporting optimal profitability', said Mikko Keto, CEO at FLS. The order was booked in Q2 2025. The value of the order has not been disclosed. Learn more about FLS flotation systems at 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 FLSmidth Press Release flotation order India - May 2025Sign in to access your portfolio
Yahoo
25-02-2025
- Business
- Yahoo
FLSmidth to deliver 18 of the world's largest steel media tower mills, plus pumps and cyclones to one of largest and most efficient iron ore plants
PRESS RELEASE 25 February 2025, Copenhagen, Denmark Following a long-standing relationship, an Indian mining customer has awarded FLSmidth with the largest single order for the world's largest size steel media tower mills. The mills are to be delivered at what is set to become one of the largest and most efficient iron ore beneficiation plants globally, reinforcing FLSmidth's global leadership in energy-efficient grinding technology. The order includes the delivery of 18 vertical tower mills (called FTM-5000) to be used in both the secondary and tertiary grinding circuits, directly downstream from two of the world's largest high-pressure grinding rolls (HPGRs), which the customer ordered from FLSmidth in Q4 2024. Each of these vertical grinding mills will be the largest steel media mills ever deployed in terms of both size and capacity. In addition to these mills, the order also includes the delivery of 30 KREBS UMD pumps and 18 KREBS gMAX hydrocyclones to complete the secondary and tertiary grinding circuits' process requirements. The slurry pumps will be the largest known size of slurry pumps in all of India mining. The equipment is expected to be installed and commissioned during 2026/2027. 'Winning this strategic order is a proud moment for the FLSmidth Mining team. The combination of the upstream HPGRs and vertical tower mills will provide the customer with significant reductions in energy, water and grinding media consumption throughout the entire flowsheet, supporting optimal profitability', said Mikko Keto, CEO at FLSmidth. 'It also clearly underpins the value of leading technology, strong customer relations, and the confidence customers have in our MissionZero flowsheet supported by our global service network'. The value of the order has not been disclosed. About FLSmidth's vertical tower grinding mills The vertical tower mill is one of FLSmidth's core MissionZero offerings, supplying capabilities that reduce energy consumption in the fine grinding of minerals by 25-50% when compared to traditional horizontal ball mills for the same feed and product size. Additional benefits include: Robust construction with shell magnetic liners for better availability of these mills. Shorter lead time with fast, efficient transportation compared to competitors. Optimised design for reduced footprint and easy maintenance. Performance flexibility catering to a wide range of grinding media and global support wherever mills are deployed. Contacts: MediaJannick Denholt, +45 21 69 66 57, jli@ Investors RelationsAndreas Holkjær, +45 24 85 03 84, andh@ Denholt, +45 21 69 66 57, jli@ About 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 FLSmidth Press Release vertical mills order India - February 2025
