Market Overview

FLSmidth secures EIB funding for R&D investments


PRESS RELEASE

FLSmidth has signed an EUR 125m loan agreement with the European Investment Bank (EIB). 

The 5-year-bullet loan will finance FLSmidth's global research and development programme within the cement industry during the period 2013-2016. The R&D programme will focus on development of innovative products, optimisation of energy efficiency and use of materials and fuel in the production process as well as reduction of harmful emissions.

"Through its focused R&D efforts FLSmidth aims at fulfilling customers' future needs for innovative technical solutions, high reliability and availability, minimum environmental impact and the lowest possible lifecycle costs. And this loan from the European Investment Bank supports these efforts," Group Executive Vice President and CFO Ben Guren comments.

In its research and development investments FLSmidth places particular emphasis on the use of alternative fuels, reduced emissions and waste, improved heat recovery, lower power consumption, minimised water consumption, increased plant capacity, availability and operating efficiency and minimum safety risk.

                   -------------------------------------

Please address any questions regarding this announcement to Group Executive Vice President and CFO Ben Guren, FLSmidth & Co. A/S at +45 36 18 18 00.

For further information about FLSmidth, please visit www.flsmidth.com.

Yours faithfully

Pernille Friis Andersen
Corporate Communications & Investor Relations






This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: FLSmidth via Thomson Reuters ONE

HUG#1670463

 

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free