FLSmidth sells licence for pulp and paper industry technology
(Thomson Reuters ONE) -
PRESS RELEASE
In accordance with its heightened focus on core business areas, FLSmidth 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 its long-standing customer,
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.
In a transitional period, FLSmidth will assist and support in transferring the
technology.
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.
"Metso has for many years used FLSmidth as supplier of this equipment and has
expressed an interest in acquiring the technology from us. And since the pulp
and paper industry is not a key industry for FLSmidth, we find it appropriate to
licence our white liquor plant technology and exit the capital equipment
activities. This will enable us to focus even closer on our key industries and
customers," Group Executive Vice President Peter Flanagan comments.
The transaction is subject to certain conditions and is planned to become
effective in June or July 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.
Yours faithfully
Pernille Friis Andersen
Corporate Communications & Investor Relations
Link to PDF version:
http://hugin.info/2106/R/1705152/564000.pdf
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originality of the information contained therein.
Source: FLSmidth via Thomson Reuters ONE
[HUG#1705152]
Unternehmensinformation / Kurzprofil:
Datum: 28.05.2013 - 14:05 Uhr
Sprache: Deutsch
News-ID 263912
Anzahl Zeichen: 3141
contact information:
Town:
Valby
Kategorie:
Business News
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