FLSmidth to acquire Transweigh India Limited

FLSmidth to acquire Transweigh India Limited

ID: 78519

(Thomson Reuters ONE) -


PRESS RELEASE

FLSmidth has acquired 100% of the shareholding in the Indian company Transweigh
India Limited, a company in which FLSmidth has until now been a minority
shareholder.

Transweigh India Limited is a supplier of gravimetric feeding equipment, mainly
to the steel, iron and cement industries. The company also markets and sells
FLSmidth Pfister's leading fuel feeder product range to the growing Indian
market.

Transweigh also sells a large number of proprietary products such as belt weigh
feeders, apron weigh feeders, apron feeders, loss in weight feeders, solid flow
meters, bin weighing equipment and feeding electronics. The products are sold as
standalone products but most often together with auxiliary equipment forming a
complete feeding system with integrated material handling components.

The customer base consists of end consumers (cement producers, steel mills,
sponge iron producers, power producers, etc.) and original equipment
manufacturers (OEM) which serve the heavy industries mentioned above.

Transweigh operates mainly within India where it is one of the market leaders.
Via this acquisition FLSmidth Pfister will strengthen its ability to provide a
full scope of feeding equipment at a competitive price to the entire FLSmidth
Group and the market in general.

"Transweigh has a very well equipped sales force and provides FLSmidth with
direct access to the customers in the important Indian market. Transweigh is a
long term partner of FLSmidth Pfister and holds valuable knowhow regarding
feeding technology and material handling, which we can now also turn to good
account outside India", Group CEO Jørgen Huno Rasmussen says.

Transweigh India Ltd was established in 1987 as a joint venture with Pfister,
Germany, which was later acquired by FLSmidth. With head office and production




facilities located in Mumbai, India, the company today employs around 300
people.



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


Please address any questions regarding this announcement 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:
http://hugin.info/2106/R/1556492/480330.pdf




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#1556492]


Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
drucken  als PDF  an Freund senden  DGAP-News: Mountain Cleantech AG: Mountain Cleantech Fund II announces first close, raising EUR23m Nokia Q3 2011 net sales EUR 9.0 billion, non-IFRS EPS EUR 0.03 (reported EPS EUR -0.02)
Bereitgestellt von Benutzer: hugin
Datum: 20.10.2011 - 11:55 Uhr
Sprache: Deutsch
News-ID 78519
Anzahl Zeichen: 3245

contact information:
Town:

Valby



Kategorie:

Business News



Diese Pressemitteilung wurde bisher 202 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"FLSmidth to acquire Transweigh India Limited"
steht unter der journalistisch-redaktionellen Verantwortung von

FLSmidth (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

FLSmidth receives copper order in Peru ...

PRESS RELEASE FLSmidth has signed a contract with Chinese-owned Minera Chinalco Peru for equipment for its Toromocho copper mine in the Morococha mining district about 140 kilometres east of Lima, the capital of Peru. The contract value is expected ...

Alle Meldungen von FLSmidth



 

Werbung



Facebook

Sponsoren

foodir.org The food directory für Deutschland
Informationen für Feinsnacker finden Sie hier.

Firmenverzeichniss

Firmen die firmenpresse für ihre Pressearbeit erfolgreich nutzen
1 2 3 4 5 6 7 8 9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z