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Author: Admin | 2025-04-28
From Wikipedia, the free encyclopedia FLSmidth & Co. A/SCompany typePublicly traded AktieselskabTraded asNasdaq Copenhagen: FLSIndustryConstruction, engineeringFounded1882; 143 years agoFounderFrederik Læssøe SmidthHeadquartersCopenhagen, DenmarkKey peopleMikko Keto (Group CEO)Tom Knutzen (Chairman)ProductsMachinery, systems and services for the cement and mineral industriesRevenue21.849 billion kr. (2022)[1]Net income352 million kr. (2022)[1]Total assets29.85 billion kr. (2022)[1]Total equity10.79 billion kr. (2022)[1]Number of employees10,977 (2022)[1]Websitewww.flsmidth.comFLSmidth & Co. A/S is a Danish multinational technology company based in Copenhagen, Denmark. With almost 11,000 employees worldwide,[2] it provides the global mining and cement industries with equipment and services. For the mining industry, the company provides technology for copper, gold, nickel, zinc and lithium mining, and for the cement industry, it provides technology for cement production. FLSmidth is listed on NASDAQ OMX Nordic Copenhagen (the former Copenhagen Stock Exchange) in the C25 index and has offices in more than 60 countries worldwide.[3]FLSmidth and Co. A/S was founded in Copenhagen on 2 January 1882 by Frederik Læssøe Smidth (da). It was initially a consultancy business whose main focus was to purchase machinery and build small machines for local craftsmen. Within a few years the firm, called “Technical Bureau” at the time, specialised in machinery for the brick and tile industry. In 1887 two engineers, Poul Larsen and Alexander Foss, were made partners and the company name was changed to F.L.Smidth & Co. In 1887, the first FLSmidth cement plant was built near Limhamn in Sweden. The company grew and in 1890 the first international office opened in London. Offices in Paris, New York, Tokyo, Peking (Beijing) and other major cities followed. In 1957, F.L.Smidth machinery accounted for 40 percent of all cement production in the world.In 1954, FLSmidth inaugurated its head office in Vigerslev Alle in the Copenhagen suburb of Valby, becoming an iconic part of the city landscape with its highly praised red-brick buildings. The building was designed by the architect Palle Suenson. In 2022, FLSmidth announced that it will move to a new head office in Copenhagen, likely in the second half of 2024.Over the years, the company has expanded with non-core activities and in 1989 the entire FLSmidth Group consisted of some 125 companies within areas such as cement engineering, plastic, aerospace and cement building materials. Throughout the 1990s, product companies such as Pfister, Ventomatic and MAAG Gear were acquired.[4]In 1990, the Group acquired Fuller Company and established the F.L.Smidth-Fuller Engineering Group. Two minerals processing divisions, Fuller Mineral Processing and FLSmidth Mineral Processing, were set up in FLSmidth and Fuller. In 1997, the company was named FFE Minerals after merging the two separate minerals divisions into one single company.FLS Miljø developed a process with Supercritical carbon dioxide to dissolve and carry organic wood preservative into timber, an alternative to polluting Chromated copper arsenate (CCA).[5][6]As FLS Miljø was closed in 2004,[7] some of the employees later contributed to a similar process to remove cork tainting 2,4,6-Trichloroanisole (TCA) from wine corks.[8][9][10][11]In the beginning of the 21st century the Group began to continuously sell off non-core activities.[12]On 2 April 2007, FFE Minerals acquired Rahco International,
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