FLSmidth divests non-core Ludowici activities
2013-01-14 09:00:21 -
In order to maintain a strong focus on our six focus industries and business
areas FLSmidth has today divested non-core activities, gained through the recent
acquisition of the Australian company Ludowici (see Company Announcement No.
The sales concern the business area Industrial and Infrastructure, consisting of
the following four business units; Water, Seals, Industrial Rubber and
"This divestment of non-core activities is part of the ongoing integration of
Ludowici, and after this, no further Ludowici activities will be sold off. For
FLSmidth, 2012 has been a year of transformation and expansion. In 2013, the
main focus will be on execution and consolidation," Group CEO Jørgen Huno
The respective business unit sales will be effective 31 January 2013.
Please address any questions regarding this announcement to Group Executive Vice
President Peter Flanagan, FLSmidth & Co. A/S at +45 36 18 18 00.
For further information about FLSmidth, please visit www.flsmidth.com.
Pernille Friis Andersen
Corporate Communications & Investor Relations
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Source: FLSmidth via Thomson Reuters ONE