FLSmidth to tap into huge market for air pollution control equipment in China
(Thomson Reuters ONE) -
PRESS RELEASE
FLSmidth has achieved authority approval of its first acquisition in China.
Together with a minority shareholder, FLSmidth has started a company to market
and sell air pollution control products to the cement industry in China. This
local company is groundbreaking for FLSmidth as it combines local presence and
relations with global technologies and resources. It will make FLSmidth,
overnight, a powerful player in the multibillion dollar Chinese market for
environmental control technologies.
The founder company Chinese Sino Environment Engineering Development Co., Ltd.
(SEPEC) continues as a minority shareholder and brings a large reference base
and contact network from the cement industry in China both on a corporate and a
plant level.
After a couple of years with organic growth in China, FLSmidth has now, through
the acquisition, embarked upon the second stage of its China strategy to become
a local player with local cost levels.
"FLSmidth and SEPEC are the perfect fit. FLSmidth's strong technological
platform coupled with SEPEC's strong organisation, reputation and customer base
in China will enable us to develop air pollution control products, which are
uniquely designed together with the Chinese customer and fit his specific
requirements," Group CEO Jørgen Huno Rasmussen comments.
The local company will market FLSmidth's highly efficient air pollution control
products and thereby help Chinese cement manufacturers to fulfil the new and
stricter emission standards imposed on the industry. As the majority
shareholder, FLSmidth will retain the IP rights to the technology. The Chinese
market accounts for half of the total world market for air pollution control
equipment.
"With China's increased focus on environmental aspects as stated in the 12th
five year plan, the timing of FLSmidth's local expansion is just right," says
CEO of FLSmidth China, Anders Bech.
In the future, the plan is also to sell applications into the attractive and
very similar markets for biomass fired boilers and waste incineration plants in
China.
-------------------------------------
Please address any questions regarding this release to Group Chief Executive
Officer Jørgen Huno Rasmussen, 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
Link to PDF version with picture:
http://hugin.info/2106/R/1592783/501013.pdf
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Source: FLSmidth via Thomson Reuters ONE
[HUG#1592783]
Unternehmensinformation / Kurzprofil:
Datum: 09.03.2012 - 10:24 Uhr
Sprache: Deutsch
News-ID 123257
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contact information:
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Kategorie:
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