FLSmidth Buys thyssenkrupp Mining Business

thyssenkrupp announced the sale of its Mining Technologies business unit to FLSmidth, thus reaching a further important milestone in the initiated realignment of the group. The enterprise value is EUR325 million. The transaction is subject to competition authority approval. The closing of the transaction is expected within the next 12 months.

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FLSmidth, Chinese Manufacturer in Joint Venture

FLSmidth and Northern Heavy Industries Group Co., Ltd (NHI Group), based in Shenyang, China, have signed an agreement to enter into a joint venture – with an equal amount of shares – for the design and supply of mining equipment targeting the mid-market segment. The joint venture will be established with its own board of directors and management under the…

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FLSmidth Enters Into Strategic Agreement with Kleemann

Global cement and minerals-processing company FLSmidth, and Kleemann, part of Wirtgen Group, have signed a long-term cooperation agreement on the supply of cone crushers for mobile applications in the construction industry. The agreement between FLSmidth and Kleemann brings together FLSmidth’s technology leadership within cone crushers with Kleemann’s leading position in the mobile crushing in the construction and aggregate industry. “This alliance is…

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Superior Acquires FLSmidth Crusher Facility

Superior Industries, Inc. reached an agreement to purchase the assets of FLSmith’s crusher manufacturing plant in Pekin, Ill. According to Superior, the major asset associated with the transaction is a 10-year-old, 70,000 sq. ft. plant that currently employs 30, well-trained production employees. Superior plans to utilize the new facility as a U.S.-based manufacturing center for cone crushing equipment. Earlier this…

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