Provider: Wright Reports
Flsmidth & Co A/S: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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FLSmidth & Co A/S Divests Capital Sales of Lime Kilns and Recausticising Equipment to Metso by Means of Licence Agreement
FLSmidth & Co A/S announced that the Company has decided to divest, by means of a licence agreement, the capital sales of lime kilns and recausticising equipment for use in white liquor plants in the pulp and paper industry. The business is divested to Metso Paper Sweden AB. Since the technology will continue to be used by FLSmidth for other applications than white liquor plants, FLSmidth has signed a licence agreement with Metso Paper Sweden AB for FLSmidth's technology. The licence is perpetual and exclusive also in relation to FLSmidth. FLSmidth will, however, continue certain after-market activities, including parts sales in relation to the pulp and paper industry and white liquor plants. FLSmidth will furthermore continue to support its existing pulp and paper contracts as originally structured, and FLSmidth will continue to sell its other capital equipment to the pulp and paper industry in other applications, such as water and wastewater treatment. As part of the divestiture, Metso will offer employment to 15-25 FLSmidth employees who have key competencies in applying the technology for white liquor plants.
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